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Rite Aid is closing over 1,000 stores nationwide, including 40 in New York, as part of its bankruptcy filing.
Rite Aid, a pharmacy chain, is closing over 40 stores in New York as part of its second bankruptcy filing in under two years.
The closures will lead to the loss of 111 jobs in Chautauqua and Cattaraugus counties, with 10 stores shutting down.
The company has secured $1.94 billion in financing and plans to close over 1,000 locations nationwide.
In Michigan, a new pharmacy, House of Health, has opened to support laid-off Rite Aid workers and customers affected by the closure of 186 stores.
The bankruptcy filing highlights challenges in the pharmacy industry, including rising drug prices and declining third-party reimbursements.
Rite Aid está cerrando más de 1.000 tiendas a nivel nacional, incluyendo 40 en Nueva York, como parte de su declaración de bancarrota.