Rite Aid Will Close 29 Stores In New York After Filing Bankruptcy

Rite Aid recently filed for bankruptcy and announced that it plans to close many stores. We now know which stores around New York State are slated to close.

NEW YORK, NEW YORK - AUGUST 28: Shelves, many bare of merchandise, stand in a Rite Aid store in Brooklyn on August 28, 2023 in New York City. Rite Aid, a national chain retail pharmacy and convenience store with thousands of locations across the country, is preparing to file for Chapter 11 bankruptcy as it faces increasing financial stress related to opioid lawsuits and other financial pressures. (Photo by Spencer Platt/Getty Images)

Why Is Rite Aid Closing?

Rite Aid is facing thousands of lawsuits due to the opioid epidemic. It is alleged that its pharmacy oversupplied opiate prescription painkillers, although Rite Aid denies any wrongdoing. According to the Wall Street Journal, it is filing for Chapter 11 bankruptcy.

In its Annual Report released in May, Rite Aid said,

Although we believe we have adequate sources of liquidity to meet our anticipated requirements for working capital, debt service and capital expenditures through at least the next twelve months, the costs associated with these legal proceedings are impossible to estimate with certainty, could exceed any applicable insurance coverage, and could significantly impact such liquidity.

According to The U.S. Sun, Rite Aid recently closed a location in Ridgewood, New York. It closed 25 stores earlier this year.

Getty Images

Which Rite Aid Stores Are Closing In New York State?

These 29 Rite Aid stores are closing in New York state, according to Business Insider:

1. Bay Shore: 836 Sunrise Highway
2. Bellmore: 2784 Sunrise Highway
3. Brooklyn: 2981 Ocean Avenue, 2002 Avenue U
4. Cheektowaga: 2887 Harlem Road
5. Copiague: 901 Merrick Road
6. East Northport: 577 Larkfield Road
7. Floral Park: 2 Whitney Avenue
8. Flushing: 71-18 Kissena Boulevard
9. Huntington Station: 695 East Jericho Turnpike
10. Kenmore: 2453 Elmwood Avenue
11. Levittown: 3131 Hempstead Turnpike
12. Medford: 700-43 Patchogue-Yaphank Road
13. Oceanside: 3199 Long Beach Road
14. Oyster Bay: 273 Pine Hollow Road
15. Port Jeff Station: 593 Old Town Road
16. Rochester: 1567 Penfield Road
17. Smithtown: 65 Route 11
18. Valley Stream: 198 West Merrick Road
19. West Patchogue: 397 Sunrise Highway

More Rite Aid stores that are closing New York, according to A&G Real Estate Partners:

20. Bronx: 1179 East 233rd Street
21. Bronx: 5825-35 Broadway
22. Brooklyn: 344 Avenue X
23. Buffalo: 15 Arnold Street
24. Buffalo: 452 Main Street
25. Fairport: 6720 Pittsford-Palmyra Road
26. New Windsor: 393-397 Windsor Highway
27. New York: 2170 Frederick Douglass Boulevard
28. Oneonta: 94 Chestnut Street
29. Sayville: 101 Main Street