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By TOM MURPHY, Associated Press

Rite Aid customers can expect their local store to close or change ownership in the next few months, as the struggling drugstore chain goes through another bankruptcy filing.

The company plans to sell customer prescription files, inventory and other assets as it closes distribution centers and unloads store locations. Stores will remain open for now, but the company isn’t buying new inventory so bare shelves are likely become more common.

“I think what we’ll progressively see is the stores will become more and more spartan,” said retail analyst Neil Saunders.

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By Erin El Issa, NerdWallet

Some Americans likely grew up not openly discussing finances at home. According to a new NerdWallet survey conducted online by The Harris Poll, 20% of baby boomer parents (ages 61-79) didn’t teach their children about saving money.

Perhaps because talking about finances has become less taboo, today’s parents of young kids are prioritizing this life lesson: The survey found that 93% of parents of children under 18 have taken action to teach their kids about saving money, like encouraging them to set savings goals (45%) or opening up a savings account for their children to deposit money into (41%).

If you’re a parent who wants to teach your kids about saving money, here are a few options to consider.

1. Set kids up with an age-appropriate savings vehicle

According to the survey, 41% of parents of children under 18 opened a savings account for their kids to deposit money into as a way to teach them about saving. Additionally, some parents of minor children used visual tools — whether physical (38%) or digital (28%) — like piggy banks or savings jars. read more

By Lane Gillespie, Bankrate.com

Paige DeVriendt, a 32-year-old living in Columbus, Ohio, has spent most of her life associating money with shame and anxiety.

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Today, DeVriendt and her husband both work, bringing in a combined annual salary of around $225,000. With that, they’ve been able to pay their bills, save and invest, all while chipping away at six figures of combined student loan debt. Although she’s been able to comfortably afford her lifestyle, she’s felt shame about money for a long time. Growing up, DeVriendt lived in a small town in northwest Ohio and absorbed a lot of her parents’ financial stress. read more

Give Kids the World Village Inc. has announced its new leader.  Caroline Schumacher, currently the CEO of Astronaut Scholarship Foundation, will become president and chief executive of the Kissimmee-based nonprofit in June.

Schumacher previously worked with Give Kids the World in volunteer services, guest services and operations leadership for almost two decades.

“Stepping into the role at Give Kids the World feels like coming full circle,  honoring Henri Landwirth’s vision in a new way, for a cause that has always been close to my heart,” Schumacher said in a news release Tuesday.

Landwirth, a hotel owner and philanthropist, helped found both Give Kids the World and the Orlando-based Astronaut Scholarship Foundation.  He died in 2018.

Schuamcher takes over the Give Kids the World leadership from Pamela Landwirth, former wife of Henri Landwirth, who left the organization in January after three decades.

“Caroline brings a deep personal connection to the mission of Give Kids the World and a proven record of innovative leadership,” said John Nichols, chairman of the organization’s board. read more

By MARI YAMAGUCHI and DIDI TANG

WASHINGTON (AP) — Just as Japan’s top trade negotiator traveled to Washington for another round of tariff talks last week, a bipartisan delegation bearing the name of “Japan-China Friendship” wrapped up a visit to Beijing.

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A week earlier, the head of the junior party in Japan’s ruling coalition was in Beijing delivering a letter from Japanese Prime Minister Shigeru Ishiba addressed to Chinese President Xi Jinping. Details of the letter are unknown, but the two sides discussed U.S. tariffs in addition to bilateral issues. read more