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Reports: Rite Aid To Close New York Stores After Bankruptcy Filing

FILE - A sign with the company's logo stands outside a Rite Aid store in Salem, N.H., on Wednesday, May 29, 2024. (AP Photo/Charles Krupa, File)

Rite Aid officials said Monday that the chain is entering a second Chapter 11 bankruptcy, with Buffalo television stations WGRZ and WKBW reporting all of Rite Aid’s New York stores will close. There are 73 Rite Aid locations in Western New York that include stores on Fairmount Avenue in Ellicott and in Brooklyn Square, Jamestown. Rite Aid also owns stores at 1166 Central Ave, Dunkirk, and 3795 E Main Road, Fredonia.

Rite Aid officials said Monday that the company will work to ensure that customer prescriptions are transferred to other pharmacies as it goes through the sale process. The drugstore chain has lined up from some of its lenders $1.94 billion in new financing which help fund stores remaining open through the sale and bankruptcy proceedings.

An initial statement from Rite Aid said stores will remain open through the bankruptcy process, but a letter obtained by the Buffalo televisions stations said all New York stores are closing, with layoffs starting June 4.

A complete story can be found in Wednesday’s edition of The Post-Journal.

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