Rite Aid will shutter all of its remaining New York locations in the coming months as part of a bankruptcy reorganization plan, according to multiple reports.
The national drugstore chain, which currently operates 178 stores in the state and 1,240 stores nationwide, filed for Chapter 11 bankruptcy protection Monday in the U.S. Bankruptcy Court for the District of New Jersey. This marks the company’s second bankruptcy filing in two years.
According to company officials, Rite Aid is “pursuing a strategic and value-maximizing sale process for substantially all of its assets.” As part of the reorganization, the company will close all of its distribution centers, and its remaining New York stores will either shut down or transition to new ownership.
The first round of employee layoffs is expected to begin on June 4.
“We’re committed to ensuring uninterrupted pharmacy services and preserving as many jobs as possible,” said CEO Matt Schroeder. He acknowledged the company’s financial challenges but noted strong interest from prospective buyers. “I’m grateful to our associates for their dedication and proud of the role we’ve played in supporting healthcare needs across our communities,” he said.
Rite Aid previously filed for bankruptcy in October 2023, following $750 million in losses the prior fiscal year. That filing led to the closure of multiple stores throughout New York City.
Company leaders have also cited rising incidents of post-pandemic retail theft as a factor contributing to the chain’s financial instability.
In Queens, the following Rite Aid locations are scheduled to close:
33-01 30th Ave. | (718) 721-3475
43-20 Bell Blvd. | (718) 631-8200
158-02 Union Turnpike | (718) 380-8259
3700-06 Junction Blvd. | (718) 639-2647
21-25 Broadway | (718) 932-9200
50-15 Roosevelt Ave. | (718) 426-7572
60-26 Woodside Ave. | (718) 639-3234
85-10 Northern Blvd. | (718) 476-3087
109-07 101st Ave. | (718) 441-9311
165-02 Baisley Blvd. (Rochdale Village) | (718) 525-7642
102-30 Atlantic Ave. | (718) 441-1120
122-02 Liberty Ave. | (718) 843-7001
245-14 Francis Lewis Blvd. | (718) 949-7555
What customers should do:
Customers are encouraged to contact their local Rite Aid pharmacy or visit riteaid.com to inquire about transferring their prescriptions to another pharmacy. Rite Aid has stated it will work to ensure a smooth transition of all active prescriptions. Customers can also call Rite Aid’s customer service line at 1-800-RITEAID (1-800-748-3243) for assistance.
