Rite Aid has filed for bankruptcy protection for the second time in less than two years, raising urgent questions about the future of its pharmacies and employees. The company, which once operated more than 4,000 stores nationwide, now has about 1,240 locations after recent rounds of closures In a major blow to customers in New York, all 178 Rite Aid stores in the state are set to close by June 202, with layoffs beginning as early as June 4
Despite these sweeping closures, Rite Aid says most remaining stores will stay open “for the next few months” as it seeks buyers and works through the bankruptcy process Customers can still fill prescriptions and receive immunizations during this period, but the company is preparing to transfer prescription files to other pharmacies as more locations shutter
Rite Aid’s CEO, Matt Schroeder, emphasized that maintaining uninterrupted pharmacy services and preserving jobs are top priorities, even as the company faces mounting financial pressures and a shrinking retail footprint The future of Rite Aid’s remaining stores remains uncertain, with more closures or ownership changes expected in the coming months.
