Latest news with #RiteAid
Los Angeles Times
17 hours ago
- Business
- Los Angeles Times
Iconic Thrifty ice cream counters fade into memory with Rite Aid store closures
Like many who grew up in Southern California, Thrifty ice cream was a staple throughout my youth. Sure, McDonald's offered $1 smooth and airy soft serve cones (the machines seemed to work back then!) and Baskin-Robbins was lauded for its 31 flavors. However, Thrifty was the perfect middleman for my working-class family, offering nearly the latter's variety at close to the former's pricing. It's the place I fell in love with Rocky Road, never imagining you could fit so many distinct flavors and textures — chocolate, nuts and marshmallows — into a single sugar cone scoop. The days of enjoying a few scoops at Thrifty's counters, purchased by Rite Aid in 1996, throughout SoCal appear to be ending. The company filed for Chapter 11 bankruptcy protection and announced a slew of store closures, including more than 20 locations in California. Those not closed will probably be sold off by Rite Aid. My colleague, food columnist Jenn Harris, strolled into the El Segundo Rite Aid to investigate what's next for the iconic cold treat. Brothers Harry and Robert Borun and their brother-in-law Norman Levin opened the first Thrifty drugstore in downtown Los Angeles in 1929. At first, they sold ice cream from various suppliers. However, as demand for the product grew, the brothers started producing the ice cream themselves. They opened the first Thrifty ice cream production plant in Hollywood in 1940. The plant relocated to a 55,000-square-foot facility in El Monte in 1976. Thrifty ice cream, like all of Rite Aid's assets, will probably be sold. It nearly happened in 2018, when Albertsons Cos. was set to acquire Rite Aid, and with it, Thrifty ice cream and the El Monte plant. But the deal never happened. Rite Aid did not provide any additional info when Harris reached out to them. There's also the possibility of finding the ice cream at a local restaurant. Ball Park Pizza in San Clemente has been serving Thrifty ice cream since it opened in 2014. And now that Thrifty sells its signature cylindrical ice cream scooper (around $30), you could buy a pint at one of the dozens of retailers who carry the ice cream in the freezer aisle, and scoop your own ice cream at home. Harris staged a taste test. After visiting two Rite Aid locations, she found a store that carried the Chocolate Malted Krunch flavor in both the scoop shop and the freezer section. She purchased a scoop at the counter, then bought a box of Joy cake cones near the register and a 48-ounce carton of the same ice cream and headed to the parking lot. She then used her Thrifty cylindrical scoop to craft her perfect scoop of ice cream and made her own cone. Both were eaten in quick succession. I'll let Harris explain the rest: 'The pre-packaged stuff was airier, like ice cream foam that melted slower on the tongue. The malt balls felt sluggish, their crunch muted by the time spent in the freezer. The flecks of dark chocolate less abundant. 'The cone from the scoop counter tasted both richer and creamier with a thicker consistency. There were crunchier malt balls in each bite. Even outside in the parking lot, beyond the comforts of the As Seen on TV aisle, it was noticeably better.' While Thrifty may continue to produce ice cream in tubs, the counter scoop — apparently the better option — is down to its last licks at Rite Aids. It be worth one last visit soon. For Harris' full breakdown, check out her article. California policies and proposals Fires and recovery Crime, courts and policing Get wrapped up in tantalizing stories about dating, relationships and marriage. Have a great weekend, from the Essential California team Kevinisha Walker, multiplatform editorAndrew J. Campa, reporterKarim 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
Newsweek
21 hours ago
- Business
- Newsweek
List of Companies Laying Off Employees in June
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Thousands of employees across various industries are expected to be laid off in June. Companies are required to send out a Worker Adjustment and Retraining Notification Act (WARN) notice before implementing mass layoffs. Roughly 138 employers plan to lay off workers in June, according to Why It Matters American workers and businesses have feared economic turmoil, due in part to the fallout from tariffs imposed on virtually every other nation, as well as on unique industries such as steel and aluminum, and foreign automobiles. Layoffs may not directly correlate to the current economic climate, as some companies strive to maximize profits at the behest of the broader workforce. Others attempt to better fulfill demand. A Coca-Cola delivery driver unloads his truck on April 12, 2021, in Lake Oswego, Oregon. A Coca-Cola delivery driver unloads his truck on April 12, 2021, in Lake Oswego, Oregon. Getty Images What To Know Nearly 160 companies will be laying off employees throughout the month of June, exceeding the approximately 130 companies that did so in May. The layoffs will affect multiple industries, including retail, pharmaceutical, food and beverage, airlines, package delivery and more. Layoffs in the workforce vary by company, with some laying off between one and 25 employees; other companies, like U.S. Cellular, have larger cuts planned. The full list, based on WARN notices via includes: Newark Group Air Wisconsin Airlines American Institutes of Research Leidos Holdings Cali Nail Market Wells Fargo Chevron Texaco Saddle Creek Logistics Services Whirlpool Corporation Interstate Management Company LLC S3 Shared Service Solution OTG Management (Terminal 5) SDS Lumber United States Cellular Corporation Confluent Medical Technologies USCC Management Services Pfizer FedEx FEAM Aero Washington Prime Group Vail Corporation Mount McKinley Ardent Mills ImmPact Bio USA Inc., a subsidiary of Lyell Immunopharma Piedmont Athens Regional Medical Center NEP Group True Food Kitchen Benchmark Precision Technologies INOAC Exterior Systems ASRC Federal Professional Services Thrifty Payless (Rite Aid) The Bartell Drug Company (Rite Aid) Rite Aid Corporation Saks Global ActivCare Living Metalco USA International Republican Institute Technoprobe America Blue Cross of Idaho Oxbo International Corporation Primo Brands Chik-fil-A US Arconic Goodwill of the San Francisco Bay CVS Health Corporation Pacific Biosciences of California Right At School McDonald's Restaurant of California Legoland California Resort UPS First Student CYH Manhattan (The Stewart Hotel) Winnebago Industries Kinkisharyo International TEKsystems Graphic Solutions Corsicana Mattress Company Pixelle Specialty Solutions Walmart Jones Lang LaSalle Virtex Enterprises Quickway Transportation Case Paper Co. Davis Express Mental Health Association of New York City (Vibrant Emotional Health) MemorialCare Long Beach Medical Center and Women's Hospital Long Beach Illumina Bronco Wine Company, Bivio Transport and Logistics Company Barrel Ten Quarter Circle INOAC Exterior Systems GMRI (Eddie V's) Morgan Stanley 23andMe SSP America MV Transportation Chevron USA Aramark TC&Js Enterprises, franchise operator of Chick-fil-A Lacroix DRV Cruiser RV Heartland Recreational Vehicles RTX Battelle Fresenius Medical Care Metropolitan Animal Specialty Hospital Cayuga Home for Children (Cayuga Centers) Interstate Hotels (The Roosevelt Hotel) Cherokee Nation Management & Consulting Plug Power AMT Medical (Velocity medtech) Amerant Mortgage YMCA of San Diego B&P Plastics (Advance Plastic) JP Morgan Chase Raytheon Technologies Hy-Vee Fresh Commissary Hy-Vee Chariton Shortcuts Facility Portland Facility Tenneco Lutheran Services in Iowa Feller's CJ Logistics America Centene Management Company The Model Z Modular Adient Novartis Pharmaceuticals Accelerate360 Distribution Thermo Fisher Cardinal NetApp Kaiser Permanente Arvinas Van's Corporate Headquarters Enterprise for Progress in the Community (EPIC) Child Care Associates Sodexo Oracle America The GEO Group Downtown College Preparatory Federal Express Corporation (BTRA Facility) Smurfikt Westrock Facility (Texas) Urban Alchemy tkMomentum Ford, Walker, Haggerty & Behar, LLP St. Vincent's School for Boys Community Action Marin NGM Biopharmaceuticals Pride Industries Elijah House Foundation Center Point Aramark Campus, LLC at the University of Rochester Northern Air Cargo Forte Openings Solutions Chiloquin Facility Sky Zone ERMC Aviation Services Leidos Holdings Dana PULAU Corporation T. Marzetti Cano Health Center for Family & Child Enrichment Building Robotics SSC Services for Education (Muncie Community Schools) Tampa Sportservice TransitAmerica Services Lignetics (Cascade Locks Facility) The Coca-Cola Company CoStar Realty Information Navajo Incorporated, Portland Facility Brinks Bunzl Distribution USA ASM Global Durhan School Services-Wichita Falls Broadway Services BH Security (Brinks Home) Orchid Orthopedic Solutions What People Are Saying James Hohman, director of fiscal policy at the Mackinac Center for Public Policy, told Newsweek: "In America now, the machinists and pharmacists earn twice what machinists do. There are twice as many drivers as metal workers, and driving pays more. Service industries in general pay more than manufacturing in America right now. "The United States has been getting richer; the rich are getting richer, and the poor are getting richer. The United States has more households who are earning more over the past generation; globalization is a part of that." HR consultant Bryan Driscoll previously told Newsweek: "Workers should brace themselves, yes, not because they're underperforming, but because employers are still addicted to short-term balance sheet optics. We're watching health insurers and government agencies slash jobs while claiming they're realigning or restructuring. That's just code for cutting people to cut costs." Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, previously told Newsweek: "It's a tale of two different kinds of layoffs. Federal government entities like the Department of Health and Human Services are going through a dramatic restructuring following the arrival of a new administration, meaning some positions will either be eliminated or combined with other roles for efficiency standards. "At the same time, we're also seeing health insurers scaling back their workforces. Rising medical expenses paired with those who are insured utilizing their coverage more frequently have some insurers cutting jobs to free up cash in the face of lower revenues." What Happens Next Driscoll said companies will continue to cut jobs as a way to prioritize profits, and now the U.S. government has also gotten on board. President Donald Trump announced on May 25 that he would delay imposing planned 50 percent tariffs on trade with the European Union from June 1 to July 9, following a request from European Commission President Ursula von der Leyen.
Yahoo
a day ago
- Business
- Yahoo
Over 1,000 Rite Aid, Walgreens, CVS stores closing; See which ones in Delaware
Rite Aid, CVS and Walgreens will have closed a collective 1,000 locations across the U.S. in 2025, and Delaware will feel the hit as stores shutter across the state. Pharmaceutical giant Rite Aid announced it was closing 316 stores as it filed for its second bankruptcy on May 5, according to documents reviewed by USA TODAY. The chain's first Chapter 11 bankruptcy was in October 2023, when it said at the time it would shutter over 100 stores. The news is the latest in a slew of big pharma stores making big changes. CVS plans to close 271 stores in 2025 — after spending several years shuttering around 900 already, a spokesperson told USA TODAY. Population shifts, consumer buying patterns and community health needs were among the factors to close stores, and not a response to industry pressures. Walgreens has in recent years been struggling with sluggish consumer spending, and announced in 2024 it would close 1,200 "underperforming" stores over several years, with 500 in the fiscal year 2025. The move is part of a cost-cutting "turnaround plan" under CEO Tim Wentworth to help stabilize the store's main retail pharmacy focus. Of the 316 Rite Aid stores closing nationwide, six are in Delaware: Laurel: 1120 South Central Ave. Millsboro: 24892 John J. Williams Highway Glasgow: 400 Peoples Plaza Stanton: 4607 Stanton Ogletown Road Rehoboth Beach: 18898 Rehoboth Mall Blvd. Selbyville: 38169 Dupond Blvd. In recent years, seven Rite Aid locations in Delaware have closed. As of May 30, Rite Aid had 29 locations listed in Delaware, per the company's website. The locations that are expected to close still remain listed. Of the 271 stores closing in fiscal year 2025, Newsweek reports none closing in Delaware. The state is home to 23 locations, and one in Wilmington shuttered in 2019. The latest list of store closures does not include any in Delaware. However, Walgreens has shuttered multiple locations in Delaware in recent years, including five in 2023. Walgreens currently operates 26 locations in the state, per the company website. Lori Comstock is a New Jersey-based journalist with the Mid-Atlantic Connect Team. This article originally appeared on CVS, Rite Aid, Walgreens closing stores; Are there any in Delaware?
Yahoo
2 days ago
- Business
- Yahoo
5 stories on Boise's changing scene: Kohl's, Wells Fargo closures reflect shifts
Stories by Idaho Statesman journalists, with AI summarization Boise is experiencing a wave of store shutdowns that signal changing consumer habits and economic pressures. Kohl's closed its Boise Towne Square store as part of a nationwide effort to shutter underperforming stores, following similar closures by retailers like Sears and Forever 21. Wells Fargo is also scaling back, closing multiple local branches and laying off workers as more people shift to digital banking. Rite Aid plans to close additional area stores amid bankruptcy, while some of its remaining locations could be acquired by CVS. These closures, along with the abrupt end of Boise Medical Clinic, reflect some of the challenges facing both national chains and local businesses in the city. The company hopes the closures will ensure it stays in business for years to come. | Published January 10, 2025 | Read Full Story by Angela Palermo Signs at the store say everything is 10-40% off. | Published February 21, 2025 | Read Full Story by Angela Palermo 'As we optimize our branch network, we are focused on evolving our branch presence,' a bank spokesperson says. | Published March 12, 2025 | Read Full Story by David Staats The medical clinic said it offered the latest 'breakthrough' treatment for erectile dysfunction. | Published May 28, 2025 | Read Full Story by Angela Palermo See where the stores are located. | Published May 27, 2025 | Read Full Story by Angela Palermo The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Miami Herald
2 days ago
- Business
- Miami Herald
Bankrupt retail chain closing dozens more store locations
The drugstore retail sector has closed hundreds of stores over the last four years for a variety of reasons, including losses from theft of merchandise, underperforming stores that no longer make economic sense to operate, and stores with lease rates too high for the market rate. The nation's biggest drugstore chains have been busy since 2021 seeking to cut costs and losses by shutting down stores. Don't miss the move: Subscribe to TheStreet's free daily newsletter Walgreens, which operates about 8,600 stores with 6,000 profitable locations, evaluated 2,000 stores for potential closure and identified 1,200 locations to shutter, with 500 set to close in fiscal year 2025. Related: Major logistics and trucking company files Chapter 11 bankruptcy The retail chain, which in March agreed to be sold to private equity firm Sycamore Partners, said it will close locations with negative cash flows, underperforming stores where it owns locations, and ones with lease expirations coming due in the next few years to reduce the impact of dark rent. A more recent report said that the drugstore chain might close even more stores, possibly one-quarter of its locations. Huge drugstore chain CVS in 2021 revealed it would close 900 of its nearly 9,900 stores to reduce costs and cut losses, closing 300 locations each year in 2022, 2023, and 2024. The company took community needs into consideration, such as maintaining access to pharmacy services, local market dynamics, population shifts, a community's store density, and ensuring there are other geographic access points to meet the needs of the community. A severely distressed and iconic drugstore is in the process of winding down its store count. Image source:Bankrupt drugstore chain Rite Aid, which filed for Chapter 11 protection a second time on May 5 as New Rite Aid LLC, has filed a fourth notice of additional store closing locations with the U.S. Bankruptcy Court for the District of New Jersey, seeking approval to close 111 additional stores and liquidate their assets, adding to previously designated locations for closing, for a total of 472. Related: Bankrupt drugstore chain closing over 150 stores; here's where Rite Aid already filed notices of store closing locations for 361 stores with the original notice and an additional closing notice on May 9, a second additional closing notice on May 15, and a third additional closing notice on May 23. More bankruptcy: Iconic auto repair chain franchise files Chapter 11 bankruptcyPopular beer brand closes down and files Chapter 7 bankruptcyPopular vodka and gin brand files for Chapter 11 bankruptcy The first four groups of store closings listed locations in 13 states, including Pennsylvania (177), California (59), New York (37), Oregon (17), New Jersey (16), Virginia (13), Washington (13), New Hampshire (8), Maryland (7), Delaware (6), Idaho (4) Connecticut (3), and Massachusetts (1). Rite Aid's fourth additional closing notice filed on May 30 includes store closings in California (39), New York (39), Washington (11), New Hampshire (6), Maryland (3), Oregon (3), Virginia (3), Connecticut (2), Vermont (2), Delaware (1), New Jersey (1), and Pennsylvania (1). New Rite Aid is expected to file several additional store closing notices before its bankruptcy case closes, as it plans to close all of its stores, estimated at about 1,240. Judge Michael B. Kaplan signed an interim order on May 9 approving initial and additional location closings. Objections to the interim location closing order and any of the proposed store closings must be filed with the court and received by the debtor and their counsel no later than June 9, according to court papers. Related: Another major internet company files for Chapter 11 bankruptcy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
