Rite Aid files, third largest pharmacy chain by sales, for bankruptcy, appoints new leadership in financial restructuring initiative.

It was probably never true, but for many years I foolishly thought that 'bankruptcy' meant 'going out of business.' That's what it means if a mom-and-pop restaurant or shop declares bankruptcy. When companies get ginormous, though, they never go away. Rite Aid will 'reorganize' itself with fresh investors, and it'll still be a shitty drug store long after everyone reading this is dead.