retailers

Philadelphia — Rite Aid Corp. has filed for Chapter 11 bankruptcy protection and has received financial commitments totaling roughly $3.4 billion from lenders to support business operations as the company works to restructure its debt. The Philadelphia-based pharmacy and convenience store chain did not say whether it would immediately close any stores as a direct result of this filing, just that it would continue “assessing its footprint and closing underperforming stores.” However, in September, The Wall Street Journal reported that Rite Aid had proposed to its creditors a restructuring and …

New York City — Bloomingdale’s will open a “Bloomie’s” store location in Seattle on November 2, 2023 within University Village. The smaller store concept by Bloomingdale’s provides a casual, contemporary, and highly curated experience for shoppers in the Seattle community. This will be the third Bloomie’s location to open, with the other stores located in Fairfax, Va., and Skokie, Ill. This is the brand’s first brick-and-mortar presence in the market. The 19,000-square-foot, two-floor Bloomie’s store is expertly designed with flexibility in mind, allowing Bloomie’s to adapt and meet the needs …