Rite Aid (RAD) Tops Q1 EPS by 34c, Revenues Beat; Withdraws FY21 Outlook Due to COVID-19 Uncertainty
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Rite Aid (RAD) July 13 straddle priced for a move of 14% into quarter results
June 24, 2020 2:14 PM EDTRite Aid (NYSE: RAD) July 13 straddle priced for a move of 14% into the expected release of quarter results before the bell on June 25.
... MoreVitamin chain GNC files for bankruptcy, may close 1,200 stores and sell itself
June 24, 2020 10:50 AM EDTBy Jonathan Stempel
(Reuters) - GNC Holdings Inc (NYSE: GNC), the vitamin and herbal supplement retailer, has filed for bankruptcy, with plans to close at least 800 to 1,200 locations and possibly sell itself.
The 85-year-old company filed for Chapter 11 protection late Tuesday night in the U.S. bankruptcy court in Wilmington, Delaware.
GNC had been trying to reduce its nearly $900 million debt load amid falling sales at its brick-and-mortar stores when the coronavirus... More
