Talin Keshishian’s Article on the Outlook for Rite Aid and Other Retailers was Published in Law360
Talin Keshishian’s article entitled, “The Road Ahead For Rite Aid And Other Troubled Retailers,” was recently published in Law360.
In the article, Talin examines the current financial landscape for retailers as well as major retailers that have recently entered into bankruptcy, including Party City and Bed Bath & Beyond. “With supply chain issues, emerging online competitors, a rise in prices — even with momentary halts in inflation — and tightened consumer spending, retailers that can’t adjust fast enough are getting pushed out,” Talin writes.
She continues to note that the current state of the pharmacy retailer Rite Aid may mean the company is ripe for bankruptcy. The pharmacy giant has been experiencing large financial losses as well as ongoing DOJ investigations for their alleged lax dispensing of opioids. Based on these and other compounding factors, Talin theorizes, “with Rite Aid’s woes running deeper than capital restructuring, it may require far more time in the bankruptcy hospital to effectuate change in Rite Aid’s bleak financial performance, solidify its turnaround program and make operational adaptations while implementing a sustainable industry redesign, and increasing its own brand pharmacy focus through scaling Elixir.”
To read the full Law360 article, click here.