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Rite Aid Announces 20 NY Stores Slated For Closure After Declaring Bankruptcy
Rite Aid has announced specific store closures just days after the struggling pharmacy chain filed for bankruptcy.
Of the 154 closures nationwide announced on Tuesday, Oct. 18, 20 are in New York, 14 of which are on Long Island.
Rite Aid currently has 2,100 stores and about 45,000 employees.
The Long Island stores slated for closure are:
2 Whitney Ave., Floral Park
3131 Hempstead Turnpike, Levittown
3199 Long Beach Road, Oceanside
198 West Merrick Road, Valley Stream
836 Sunrise Highway, Bay Shore
2784 Sunrise Highway, Bellmore
901 Merrick Road, Copiague
577 Larkfield Road, East Nor…
Lord & Taylor Closing Westchester Store
Department Store chain Lord & Taylor has announced the closure of 24 more of its stores - many of them located in Connecticut, New York, Massachusetts, and New Jersey.
Lord & Taylor filed for Chapter 11 Bankruptcy in August. The retail giant, which was established in 1826, joins other chains that couldn’t survive the tragic COVID-19 economy. Other bigs that are closing shops across the country include J.C. Penny, Pier One, and Brooks Brothers.
So far this year, 6,000 department stores in the U.S. have been permanently closed, according to Coresight Research.
The local Lord & …
Covid-19: JCPenney Files For Bankruptcy In Largest Retail Casualty Of Pandemic
In the largest retail casualty of the novel coronavirus (COVID-19) pandemic, JCPenney has filed for bankruptcy.
Founded in 1902, JCPenny has about 800 stores in the United States.
“The coronavirus (COVID-19) pandemic has created unprecedented challenges for our families, our loved ones, our communities, and our country," said Jill Soltau, chief executive officer of JCPenney, in a statement released on Friday, May 15. "As a result, the American retail industry has experienced a profoundly different new reality, requiring JCPenney to make difficult decisions in running our business to pr…