SOUTH LAKE TAHOE, Calif. – The South Lake Tahoe Rite Aid location at 1020 Al Tahoe Blvd. will close its doors December 10, 2023, many of its shelves are already bare.
On Oct. 15, 2023, the Rite Aid Corporation filed for Chapter 11 bankruptcy with the U.S. Bankruptcy Court in the District of New Jersey.
“Implementing the contemplated restructuring plan will significantly reduce the Company’s debt, increase its financial flexibility and enable it to execute on key initiatives. In connection with this, Rite Aid has initiated a voluntary court-supervised process under Chapter 11 of the U.S. Bankruptcy Code,” the companies announcement stated.
Just over a month after the New York Times reported Rite Aid would close 154 stores, the employees of the South Lake Tahoe location were notified their location would be added to the new list of stores to close from New Jersey to California.
The same day as the bankruptcy announced, Rite Air Corporation announced the appointment of Jeffrey S. Stein as the new Chief Executive Officer.
Bruce Bodaken, Rite Aid Chairman, stated, “After a thorough and thoughtful search process, the Board unanimously agreed that Jeff is the right executive to lead Rite Aid through its transformation. Jeff is a proven leader with a strong track record of guiding companies through financial restructurings. We look forward to benefitting from his contributions and leveraging his expertise as we strengthen Rite Aid’s foundation and position the business for long-term success.”
South Lake Tahoe residents will have to rely on stores like CVS, Safeway and Raley’s for their pharmaceutical needs.
South Lake Tahoe employees told the Tribune that severance was offered to the employees based on length of services, some serving as many as five years with the corporation.
The Rite Aid locations in Truckee and Gardnerville are also closing.
Rite Aid did not respond to requests for comment prior to publication.
STATELINE, Nev. — In the spirit of the holidays, Tahoe Beach Club demonstrated its commitment to the local community by extending a helping hand to those who serve it. On Thanksgiving Day, the dedicated staff, led by General Manager Kevin Speer, delivered a Thanksgiving meal to Tahoe Douglas Fire Station 23, a gesture that exemplifies the Club’s values of gratitude and community engagement.
Tahoe Beach Club’s Thanksgiving Day effort was a labor of love that brought comfort and joy to the firefighters and first responders on call at Tahoe Douglas Fire Station 23. The generous spread included a succulent roasted turkey, maple spiced glazed carrots, roasted quince, sausage and sage stuffing, all topped off with a delectable pumpkin pie accompanied by chantilly cream.
It was a culinary feast that not only celebrated the holiday but also conveyed the Club’s sincere appreciation for the brave men and women who selflessly protect and serve the Lake Tahoe community.
General Manager Kevin Speer, who played a pivotal role in coordinating this initiative, expressed his gratitude, saying, “We are immensely grateful for the tireless efforts of firefighters and first responders in our community. We wanted to take this opportunity to thank them and show our appreciation. It’s a small token of our gratitude for the incredible work they do.”
Tahoe Beach Club have served both firefighters and police over the last two holiday seasons and plan to make it a yearly tradition. Tahoe Beach Club hopes to inspire others in the community to find their own ways to support and appreciate those who make Lake Tahoe a safe and wonderful place to live.
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