New York will soon lose 178 Rite Aid locations across the state
Well, that's all, folks. Rite Aid is packing up and leaving New York for good. The full-service pharmacy chain has announced it will close all 178 stores across the state, reports CNN, following a second bankruptcy filing that puts the final nail in the coffin for one of America's once-largest drugstore empires.
After emerging from an earlier bankruptcy in 2023, Rite Aid hoped a round of strategic closures would steady the ship. Spoiler: it didn't. This week's new Chapter 11 filing confirms the company will now sell off its remaining prescriptions, pharmacy and retail inventory, and other assets as part of a court-supervised wind-down.
That means, for now, you can still fill your prescriptions in-store or online—but the days of grabbing your shampoo, allergy meds and emergency nail polish remover at Rite Aid are numbered.
Why is Rite Aid closing its stores?
According to Rite Aid's filing, the company will pursue a sale of its assets while continuing operations temporarily. Backed by $1.94 billion in new financing, Rite Aid says it will use this breathing room to find national and regional buyers for its core services, while transferring customer prescriptions to other pharmacy providers.
CEO Matthew Schroeder acknowledged the company's ongoing struggles, blaming a fast-evolving retail and healthcare landscape and increased financial pressure. 'We are encouraged by meaningful interest from a number of potential national and regional strategic acquirors,' he said in a statement released with the filing, adding that protecting access to pharmacy services and preserving jobs remain top priorities.
Rite Aid, founded in 1962, was once the third-largest drugstore chain in the country. But over the past decade, it's faced stiff competition from CVS and Walgreens, legal battles over its role in the opioid crisis, and the rise of online pharmacy disruptors. In short, the 60-year reign is over.
There's no confirmed timeline yet for when each New York location will close, but the company has confirmed that all NY-based outposts are on the chopping block. So if your go-to Rite Aid is still open, consider this your last call! Whether you loved it or only went there in a cold medicine panic, dozens of New York neighborhoods will soon be Rite Aid-less—and that's no small shift.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Press and Journal
2 hours ago
- Press and Journal
Scotbeef shuts historic Inverurie abattoir
Meat processor Scotbeef has shut its historic abattoir in Inverurie. The owners have cited 'sustained challenges' to the business. They said the closure was necessary to protect the long-term future of Scotbeef. Staff were reportedly told to go home today, with farmers being told their livestock was no longer required. Scotbeef is a subsidiary of East Kilbride-based JW Galloway. Its processing sites manufacture fresh beef, lamb and value-added products for leading UK and international retail markets. Scotbeef also has facilities at two other Scottish locations – East Kilbride and Annan – as well as operations south of the border in Sheffield, Heysham and Wolverhampton. Other sites in Bridge of Allan and Glasgow have been sold by the firm in recent years. It is not known yet how many staff are impacted by the closure in Inverurie, where there has been an abattoir on North Street for about 100 years. Neither Scotbeef nor JW Galloway have responded to our calls. The move follows a steep decline in processing activity at the Aberdeenshire site. In recent times just a few hundred cattle have been processed there some weeks, a fraction of the total capacity. Industry insiders have blamed a price war between processors for putting Scottish abattoirs under severe pressure. In accounts lodged at Companies House earlier this year, Scotbeef said it was facing labour shortages and industry pay rate challenges. Plans for a replacement abattoir in the area have been on hold for years. In 2023, Aberdeenshire councillors backed plans to demolish the existing abattoir to make way for 50 new homes. A previous proposal to build 77 homes on the site was given the go-ahead back in 2019. Now, closure for the existing site would appear to scupper any prospect of the abattoir being relocated to ANM Group's Thainstone Business Park, as was previously proposed. Gordon and Buchan Conservative MP Harriet Cross said: 'This closure is deeply concerning and is a blow to livestock farmers across the north-east. Abattoirs such as that in Inverurie are crucial to the food supply chain and the wider agricultural sector. 'But across the country, they are being driven out of business at an alarming rate by rising costs, regulatory pressures and a drop in livestock numbers. 'There is also an immediate human impact of all this, and my thoughts go out to the employees at Inverurie whose jobs are at risk.' The MP added: 'If both of Scotland's governments are serious about sustainability, rural jobs, and animal welfare, then more support needs to be given to abattoirs so they can survive these unprecedented challenges.'
South Wales Guardian
5 hours ago
- South Wales Guardian
UK Government's £50m pledge for Casement Park an enormous step forward – O'Neill
Deputy First Minister Emma Little-Pengelly responded by stating that sport across Northern Ireland is 'crying out for financial support'. Northern Ireland Secretary Hilary Benn confirmed that the £50 million is ringfenced for the rebuild of the west Belfast GAA stadium and cannot be spent on other projects by the Stormont Executive. The money was included in Chancellor Rachel Reeves' spending review, which outlines the UK Government's spending plans over the coming years. Ireland's deputy premier Simon Harris said it is 'past time for the redevelopment of this historic venue to get under way'. Plans for a 34,000-capacity stadium have been mired in uncertainty because of a major funding gap of around £150 million. Today marks a significant step forward in the redevelopment of Casement Park, as the British government joins the Executive, the Irish government, and the GAA in committing funding. In every meeting I've had with the British government, I've made the case for funding Casement… — Michelle O'Neill (@moneillsf) June 11, 2025 The Government announcement includes £50 million over four years to support the currently derelict stadium being developed. Ms O'Neill said: 'Casement Park is an Executive flagship project and is more than just a sporting venue, it will serve as an economic driver for the surrounding communities and region, creating jobs and attracting investment. 'Today's commitment of substantial funding from the British Government marks an enormous step forward. It is time for all of us to pull together to now get Casement built.' Stormont ministers committed £62.5 million to Casement in 2011, as part of a strategy to revamp it along with football's Windsor Park and the rugby ground at Ravenhill. While the two other Belfast-based projects went ahead, the redevelopment of Casement was delayed for several years because of legal challenges by local residents. The estimated build cost spiralled in the interim. Last September the UK Government ended hopes that the west Belfast venue would host Euro 2028 games, when it said it would not bridge a funding gap to deliver the redevelopment in time. As well as the Stormont contribution of £62.5 million, the Irish government has offered roughly £42 million and the GAA has pledged to contribute at least £15 million. It has been reported that the cost of the project has fallen to £270 million since it was confirmed the ground would not host Euros matches. Under current plans and including the £50 million from Wednesday's announcement, the funding shortfall stands at roughly £100 million. Chief Secretary to the Treasury Darren Jones said it was now up to the Stormont Executive to do work on updating plans and costings for the Casement project. He said: 'We will look at those proposals to support them as best we can.' The DUP's Communities Minister Gordon Lyons has previously said that any additional money for sporting infrastructure in Northern Ireland had to be delivered on a fair and equitable basis. Ms Little-Pengelly said: 'It'll be over to the GAA in terms of the way forward on that, but from our point of view, it's very much about trying to ensure in an inclusive way that there is fairness right across the needs of all of our sports.' Asked if the £50 million could be spent on other Executive sporting projects, Mr Benn said: 'It is the bottom line. 'This is £50 million for Casement Park, it is ringfenced for that purpose.' He added: 'This is an Executive commitment, it dates from 2011. 'Three stadia – Windsor Park, Ravenhill, Casement Park, three great sporting codes. 'Two of them have been done and Casement Park has not been done. 'We all want to see it completed. 'It is worth looking at how much the UK Government has given directly to football, rugby, sport, leisure and other things over the past four-and-a-bit years, it amounts to £47 million, and a very small bit of that, £1.1 million, went to two projects supported by the GAA. 'We're balancing out what has been the contribution to football, rugby, other sports and leisure over the last four years because I think everyone wants to see the Casement Park project completed.' GAA president Jarlath Burns said it was an 'important and significant' investment from the UK Government. He added: 'We know, however, that this is not the final piece of jigsaw and there is much more work to do. 'The GAA will engage directly with the NI Executive and the Department for Communities to ensure that all parties actively pursue, and secure, a full funding package that will deliver upon the GAA's strategic stadium need.' Ms Reeves' announcement was also welcomed by the Irish government. Deputy premier and foreign affairs minister Simon Harris said Dublin had long supported the redevelopment of Casement Park as a 'landmark sports infrastructure project'. Mr Harris said: 'In February 2024, we made an early commitment from the Shared Island initiative of up to 50 million euro (£42 million) for the redevelopment of Casement. 'We underlined our commitment at that time to support the GAA in progressing this project in partnership with the UK and NI authorities. 'I will now engage with all these partners to deliver a redeveloped stadium. 'The last match hosted in Casement was well over a decade ago and it is past time for the redevelopment of this historic venue to get under way.'
Leader Live
5 hours ago
- Leader Live
UK Government's £50m pledge for Casement Park an enormous step forward – O'Neill
Deputy First Minister Emma Little-Pengelly responded by stating that sport across Northern Ireland is 'crying out for financial support'. Northern Ireland Secretary Hilary Benn confirmed that the £50 million is ringfenced for the rebuild of the west Belfast GAA stadium and cannot be spent on other projects by the Stormont Executive. The money was included in Chancellor Rachel Reeves' spending review, which outlines the UK Government's spending plans over the coming years. Ireland's deputy premier Simon Harris said it is 'past time for the redevelopment of this historic venue to get under way'. Plans for a 34,000-capacity stadium have been mired in uncertainty because of a major funding gap of around £150 million. Today marks a significant step forward in the redevelopment of Casement Park, as the British government joins the Executive, the Irish government, and the GAA in committing funding. In every meeting I've had with the British government, I've made the case for funding Casement… — Michelle O'Neill (@moneillsf) June 11, 2025 The Government announcement includes £50 million over four years to support the currently derelict stadium being developed. Ms O'Neill said: 'Casement Park is an Executive flagship project and is more than just a sporting venue, it will serve as an economic driver for the surrounding communities and region, creating jobs and attracting investment. 'Today's commitment of substantial funding from the British Government marks an enormous step forward. It is time for all of us to pull together to now get Casement built.' Stormont ministers committed £62.5 million to Casement in 2011, as part of a strategy to revamp it along with football's Windsor Park and the rugby ground at Ravenhill. While the two other Belfast-based projects went ahead, the redevelopment of Casement was delayed for several years because of legal challenges by local residents. The estimated build cost spiralled in the interim. Last September the UK Government ended hopes that the west Belfast venue would host Euro 2028 games, when it said it would not bridge a funding gap to deliver the redevelopment in time. As well as the Stormont contribution of £62.5 million, the Irish government has offered roughly £42 million and the GAA has pledged to contribute at least £15 million. It has been reported that the cost of the project has fallen to £270 million since it was confirmed the ground would not host Euros matches. Under current plans and including the £50 million from Wednesday's announcement, the funding shortfall stands at roughly £100 million. Chief Secretary to the Treasury Darren Jones said it was now up to the Stormont Executive to do work on updating plans and costings for the Casement project. He said: 'We will look at those proposals to support them as best we can.' The DUP's Communities Minister Gordon Lyons has previously said that any additional money for sporting infrastructure in Northern Ireland had to be delivered on a fair and equitable basis. Ms Little-Pengelly said: 'It'll be over to the GAA in terms of the way forward on that, but from our point of view, it's very much about trying to ensure in an inclusive way that there is fairness right across the needs of all of our sports.' Asked if the £50 million could be spent on other Executive sporting projects, Mr Benn said: 'It is the bottom line. 'This is £50 million for Casement Park, it is ringfenced for that purpose.' He added: 'This is an Executive commitment, it dates from 2011. 'Three stadia – Windsor Park, Ravenhill, Casement Park, three great sporting codes. 'Two of them have been done and Casement Park has not been done. 'We all want to see it completed. 'It is worth looking at how much the UK Government has given directly to football, rugby, sport, leisure and other things over the past four-and-a-bit years, it amounts to £47 million, and a very small bit of that, £1.1 million, went to two projects supported by the GAA. 'We're balancing out what has been the contribution to football, rugby, other sports and leisure over the last four years because I think everyone wants to see the Casement Park project completed.' GAA president Jarlath Burns said it was an 'important and significant' investment from the UK Government. He added: 'We know, however, that this is not the final piece of jigsaw and there is much more work to do. 'The GAA will engage directly with the NI Executive and the Department for Communities to ensure that all parties actively pursue, and secure, a full funding package that will deliver upon the GAA's strategic stadium need.' Ms Reeves' announcement was also welcomed by the Irish government. Deputy premier and foreign affairs minister Simon Harris said Dublin had long supported the redevelopment of Casement Park as a 'landmark sports infrastructure project'. Mr Harris said: 'In February 2024, we made an early commitment from the Shared Island initiative of up to 50 million euro (£42 million) for the redevelopment of Casement. 'We underlined our commitment at that time to support the GAA in progressing this project in partnership with the UK and NI authorities. 'I will now engage with all these partners to deliver a redeveloped stadium. 'The last match hosted in Casement was well over a decade ago and it is past time for the redevelopment of this historic venue to get under way.'
