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flag Rite Aid is closing over 1,000 stores nationwide, including 40 in New York, as part of its bankruptcy filing.

flag Rite Aid, a pharmacy chain, is closing over 40 stores in New York as part of its second bankruptcy filing in under two years. flag The closures will lead to the loss of 111 jobs in Chautauqua and Cattaraugus counties, with 10 stores shutting down. flag The company has secured $1.94 billion in financing and plans to close over 1,000 locations nationwide. flag 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. flag The bankruptcy filing highlights challenges in the pharmacy industry, including rising drug prices and declining third-party reimbursements.

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