Bad news came on Monday for Rite Aid employees and New Yorkers who rely on the drugstore chain for their medical prescription needs.
All New York State Rite Aid stores will shut down as the national company filed for bankruptcy again. Rite Aid last filed for bankruptcy protection in October 2023.
The layoffs announced yesterday will begin on June 4th.
Rite Aid has 178 stores in New York, including locations in Bath, Camillus, Canandaigua, Geneva, Ithaca, Newark, and Penn Yan.
Prescriptions will be transferred to other pharmacies.
Rite Aid CEO Matt Schroeder pointed to financial challenges that “intensified by the rapidly evolving retail and healthcare landscapes” for the filing in U.S. Bankruptcy Court for the District of New Jersey.
The company, which operates 1,240 stores across 15 states, said that customers will be able to access pharmacy services and that it is “working to facilitate a smooth transfer of customer prescriptions to other pharmacies.”
“As we move forward, our key priorities are ensuring uninterrupted pharmacy services for our customers and preserving jobs for as many associates as possible,” Schroeder said.
