Latest news with #L.A.CountyFair
Yahoo
4 days ago
- Business
- Yahoo
Rite Aid Thrifty Ice Cream brand faces closure amid bankruptcy
( spring comes to an end and summer approaches in Northern California, over 500 Rite Aid's popular brand Thrifty Ice Cream is set to close down as part of its bankruptcy, which was filed again on May 5. Over 347 stores are located in California, and a couple of them are just in your neighborhood. Here's a list of some Rite Aid stores in Northern California. 2751 Del Paso Road, Sacramento 1260 West Capitol Avenue, West Sacramento 4774 West Lane, Stockton 720 Sutton Way, Grass Valley The popular ice cream started in 1940 at a small factory in West Hollywood, according to the Thrifty website. After a while, Angelenos headed to the flagship Thrifty Drug Store in downtown Los Angeles for a chance to sample the ice cream from the soda fountain. 'The high-quality, small-batch ice cream even snagged awards from the L.A. County Fair,' Thrifty officials said. In the 1970s, the ice cream had attained its status along the West Coast, with many celebrities giving it a shoutout. In 1967, the company moved to a larger factory in El Monte, and it stands today for people to come in and enjoy a scoop of ice cream. Thrifty has been known for its signature scoop, which is cylindrical, and on top of many flavors, they have available for people to purchase. No information has been released on when customers can expect these closures nationally and locally. Matt Schroeder, Chief Executive Officer of Rite Aid, said, 'For more than 60 years, Rite Aid has been a proud provider of pharmacy services and products to our loyal customers. While we have continued to face financial challenges, intensified by the rapidly evolving retail and healthcare landscapes in which we operate, we are encouraged by meaningful interest from a number of potential national and regional strategic acquirors. As we move forward, our key priorities are ensuring uninterrupted pharmacy services for our customers and preserving jobs for as many associates as possible.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Melden Sie sich an, um Ihr Portfolio aufzurufen.
Mint
5 days ago
- Business
- Mint
This popular ice cream chain closing 500 stores. Here's why
A popular ice cream brand based in the United States is closing 500 of its stores nationwide, thanks to a move that resulted in collateral damage. Pharmacy company Rite Aid is filing for a Chapter 11 bankruptcy, resulting in the closure of 500 hand-scooped ice cream counters of Thrifty Ice Cream. The Rite Aid-owned company will thus bear the brunt of its parent going out of business, as per a report by The Street. When companies like Rite Aid file for bankruptcy, they are forced to close down other brands they own, even if they become successful on their own. Rite Aid currently has 500 pharmacies inside which there are counters of Thrifty Ice Cream. Thrifty gained popularity through the unique scoop it provides. Instead of a spherical scoop of ice cream, Thrifty Ice Cream is cube-shaped. It is also known for its innovative flavours. 'Thrifty ice cream was launched in 1940 at a small factory in West Hollywood. Angelenos soon flocked to the flagship Thrifty Drug Store in downtown Los Angeles to sample ice cream from the soda fountain. The high-quality, small-batch ice cream even snagged awards from the L.A. County Fair. By the 1970s, Thrifty ice cream had attained cult status along the West Coast, with significant celebrity shoutouts,' Thrifty says on its website. According to The Street, Thrifty outlets inside Rite Aid pharmacy stores have to close down mandatorily. Since the 500 Thrifty ice cream outlets are not outside Rite Aid stores and sells the products within the pharmacy's roofs itself, they cannot be sold as a separate asset. However, some franchised Thrifty ice cream outlets are not owned by Rite Aid. 'You can find Thrifty ice cream in the freezer section of your favorite retailers, like Rite Aid, Albertsons, Vons and more. You can also find it at scoop counters across California, Arizona and a growing number of regions in the U.S. and Mexico,' Thrifty website states. As part of Rite Aid's Chapter 11 bankruptcy, Thrifty Ice Cream will be sold as an asset. A buyer could choose to keep operating the brand, selling pints, quarts, and packaged ice cream to grocery chains. It can also choose to supply to the non-Rite Aid-owned ice cream counters. However, with Rite Aid's bankruptcy, Thrifty Ice Cream's future as a whole still remains uncertain.
Hindustan Times
5 days ago
- Business
- Hindustan Times
This popular ice cream chain is closing more than 500 stores in US
A popular ice cream chain is closing more than 500 stores nationwide in America. Nearly all of Thrifty Ice Cream locations will shutter as part of its parent company, Rite Aid's Chapter 11 bankruptcy proceedings, per The Mirror. The Los Angeles-based company was launched in 1940 and acquired by the drugstore chain in 1996. Since then, the ice cream brand became a staple at Rite Aid's West Coast pharmacies. Thrifty Ice Cream gained popularity in the '70s, becoming a cult classic among ice cream lovers. It snagged multiple awards from the 'L.A. County Fair,' according to the company's website. While it retains popularity to date, its future is now uncertain due to Rite Aid's bankruptcy filing in May. Also Read: Harvard President Alan Garber's brutal dig at Trump during commencement speech: 'Just as it should be' 'For more than 60 years, Rite Aid has been a proud provider of pharmacy services and products to our loyal customers,' Rite Aid CEO Matt Schroeder said in a statement at the time, adding that the company had 'meaningful interest from a number of potential national and regional strategic acquirers.' 'As we move forward, our key priorities are ensuring uninterrupted pharmacy services for our customers and preserving jobs for as many associates as possible,' Schroeder went on before expressing his gratitude to 'our thousands of associates for their commitment to Rite Aid and its mission, and I thank our entire team.' Also Read: Who is Francesca Gino? Harvard fires star professor with $1 million salary after data fraud allegations However, the company confirmed in a news release that it was 'working to facilitate a smooth transfer of customer prescriptions to other pharmacies.' 'During this process, Rite Aid customers can continue to access pharmacy services and products in stores and online, including prescriptions and immunizations,' it added.
Miami Herald
26-05-2025
- Business
- Miami Herald
Bankruptcy forces ice cream chain to close 500 locations
Call it collateral damage. Sometimes a business gets hurt through no fault of its own. Thousands of restaurants and retailers, for example, lost customers when the Covid pandemic forced people to work from home. If people didn't go to work, they didn't have an opportunity to get coffee from the shops built to serve their buildings or buy lunch from nearby restaurants. Related: Iconic Baskin-Robbins local ice cream rival closes after 40 years Since many companies kept either a work-from-home or hybrid schedule after the impact of Covid ebbed, many of those customers simply never came back. That was not the fault of those businesses, but they suffered anyway. It's like when The Avengers smash their way through New York City in an effort to save the world. The end product is worth it, but a lot of good people have their homes, businesses, and cars smashed while Hulk fights Ultron, or Thanos. Don't miss the move: Subscribe to TheStreet's free daily newsletter Bankruptcies often have their own collateral damage. Sometimes a company that files for bankruptcy owns brands that are successful on their own. Those brands can be sold as part of a Chapter 11 filing, or they could simply be lost as part of the process. It's a sad situation that's popping up again as part of the Rite Aid bankruptcy. Drugstores and ice cream have a long history. Many pharmacies had ice cream counters, and some, including Rite Aid, owned their own brands. "Thrifty ice cream was launched in 1940 at a small factory in West Hollywood. Angelenos soon flocked to the flagship Thrifty Drug Store in downtown Los Angeles to sample ice cream from the soda fountain. The high-quality, small-batch ice cream even snagged awards from the L.A. County Fair. By the 1970s, Thrifty ice cream had attained cult status along the West Coast, with significant celebrity shoutouts," the ice cream brand shared on its website. Rite Aid currently own Thrifty Ice Cream and has 500 pharmacies that offer it via an old-school ice cream counter. Thrifty Ice Cream is known for two things. First, it has a patented scoop that delivers a sort of square ice cream cone. The company has also been known for flavor innovation. More closings: Popular retail chain to close unprofitable store locationsBankrupt retail chain unloads store leases, key assetPopular discount retailer files bankruptcy, closes all stores "With love comes longevity. Our plant in El Monte, CA, is full of familiar faces. Many of our employees have been churning out ice cream for three decades, marking each hand-crafted carton they scoop with their name. We also taste-test hundreds of new flavors every year. It's a hard job, but somebody's gotta do it! Our team can even make exclusive, custom flavors like Sriracha Swirl and Bacon & Cheddar," it shared. The 500 (or so) Thrifty Ice Cream locations that are inside Rite Aid stores will all be closed as part of Rite Aid's bankruptcy. Since these locations are inside the Rite Aid pharmacies, they can't be sold as a separate asset. Thrifty Ice Cream is also sold in the freezer section of multiple retailers. "You can find Thrifty ice cream in the freezer section of your favorite retailers, like Rite Aid, Albertsons, Vons and more. You can also find it at scoop counters across California, Arizona and a growing number of regions in the U.S. and Mexico," the company shared. There are some franchised scoop counters that not owned by Rite Aid. Thrifty Ice Cream will be sold as an asset as part of Rite Aid's Chapter 11 bankruptcy sale. A buyer could continue to operate the brand, selling pints, quarts, and packaged ice cream to grocery chains. It could also continue to supply the non-Rite-Aid ice cream counters. Related: Popular pizza maker closed after Chapter 11 bankruptcy moves forward It's also possible a buyer could purchase the factory to make its own ice cream or even produce something else. And, it's always possible that no buyer will emerge. Thrifty Ice Cream will close around 500 locations as part of the Rite Aid shutdown, but its future is not certain. The brand could survive, but that's very much in doubt. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Los Angeles Times
16-05-2025
- Entertainment
- Los Angeles Times
7 newbie tips to the L.A. County Fair
I'm not much of a fair guy — I never win at carnival games, I get dizzy as a passenger in a car, and fair food is as overrated as In-N-Out. But last week, I attended the Los Angeles County Fair for the first time ever because why not? Besides, if Miguel Santana can be a Fairhead, so can I. He's one of the most influential people in Southern California: longtime confidante of the late Gloria Molina, former chief administrative officer for Los Angeles and current president of the California Community Foundation. But I think he had the most fun as head of the L.A. County Fair from 2017 to 2020, a stint immortalized by his appearance on the cover of the 2022 book '100 Years of the Los Angeles County Fair' riding a gondola lift alongside the book's author, legendary Inland Valley Daily Bulletin columnist David Allen. 'Who's there says a lot about us as Southern California,' Santana said of the L.A. County Fair's audience as I exited the 10 Freeway toward the Fairplex. 'It's a sense of Americana and proof we can be diverse and American at the same time.' I asked if this fair was as big as the Orange County Fair. He laughed the way all Angelenos do when presented with a comparison to Orange County. 'It's enormous. You're gonna get your 10,000 steps.' Behold, then, this newbie's L.A. County Fair tips: Fair parking is an ungodly $22.50, and don't you dare try to leave your jalopy at nearby Ganesha Park unless you want to spend a couple hundred dollars fishing it out of some random tow truck yard. My Pomona parking hookup was faithful reader Fernando Iniguez — gracias, Fern Iggy! I owe you a Jerez sweatshirt. $21.50 on the internet. At the gate? $32. Um, yeah. But one big complaint, Fair lords: It took me three attempts to buy my tickets online. Ever heard of Zelle? 'There's going to be so much music,' Santana told me, and he was right. Between live bands, Spotify playlists, DJs and radio stations, it was like walking through a wholesome Coachella. Bachata smoothly transitioned to Go Country went to KCRW became Taylor Swift switched over to a super-chirpy cover of the O'Jays' 'Love Train' at the Disco Chicken stand. And though Pharell Williams' 'Happy' played at least five times while I visited, the atmosphere was so cheerful that I didn't have to scream to drown out his ode to optimism. There's nothing like seeing suburbanites who probably think meat comes from Erewhon fairies stand with terror in their eyes as bleating sheep and goats swarm them asking for pellets. How much did fairgoers live in the moment? I saw next to no one use their smartphone other than for photos. And I also noticed a middle-age white guy in a MAGA cap standing a few feet away from a Muslim family with nary a negative look at each other. They were too busy staring ahead like the rest of us at an octet of magnificent Clydesdale horses ready to pull a Budweiser wagon. I loved all the vegetables and livestock at the Farm & Gardens, enjoyed the trippy art at the Flower & Garden Pavilion and appreciated the juxtaposition of a lowrider show next to the Wally Parks NHRA Motorsports Museum near the Millard Sheets Art Center. But the best part of the fair was the area labeled 'America's Great Outdoors' — and I say this as someone who thinks camping and hiking are for the (literal) birds! Volunteers sawed logs with kids, taught them how to pan for gold, showed off desert reptiles and even hosted an environmental magic show. Throw in a replica of a Tongva hut and a U.S. Forest Service fire lookout tower and the nearby sound of the RailGiants Train Museum, and this is what Knott's Berry Farm used to be before it became whatever the hell it is now. I had to rush back to Orange County for a columna the day I visited, so I only spent an hour and a half at the fair. I had to skip the tablescape competition, didn't go through the exhibit halls and was only able to eat at Hot Dog on a Stick because they make the best lemonade on Earth. But it was wonderful to leave the problems of the world mostly at bay for a few hours to enjoy the living, breathing Wikipedia that is a county fair at its finest — and the L.A. County Fair is definitely that. Huge Snorlax plush toy: Next year, you're mine. Alan says: 'Your Man by Josh Turner.'C Price says: 'The Circle Game by Joni Mitchell.' Email us at essentialcalifornia@ and your response might appear in the newsletter this week. Today's great photo is from Times photographer Robert Gauthier at Dodger Stadium where the 2-year-old son of Dodgers infielder Mookie Betts runs away with the ceremonial first pitch ball. Kevinisha Walker, multiplatform editorAndrew Campa, Sunday writerKarim Doumar, head of newsletters How can we make this newsletter more useful? Send comments to essentialcalifornia@ Check our top stories, topics and the latest articles on
