Rite Aid announced Thursday it was closing an additional 300 stores less than a month after filing for bankruptcy.
The pharmacy chain has closed roughly 50% of its stores in the last two years and filed for Chapter 11 bankruptcy earlier in May.
Rite Aid also sold most of its pharmacy services to its chief rivals — CVS, Albertsons, Kroger, Giant Eagle and Walgreens — and was plotting a “smooth transfer” of customers’ pharmacy records and prescriptions.
Some of the company’s stores will be turned into CVS Pharmacy locations, a sale that was approved by the U.S. Bankruptcy Court of New Jersey last week, according to Rite Aid’s bankruptcy docket.
Locations in Bensonhurst, Midwood, Ridgewood and Woodside were previously announced as among the closures. Several other tri-state area locations are on the chopping block.
Walgreens and CVS have closed hundreds of stores in recent years, as well