From pharmacy giants exiting the market entirely to department stores trimming their “underproductive” locations, here is the breakdown of the major retail chains closing doors in New York this February.
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1. Rite Aid: The Final Curtain Call
- The Status: Market Exit / Severe Reduction
- The Impact: Following its second Chapter 11 bankruptcy filing in late 2025, the Philadelphia-based pharmacy chain is in the final stages of a massive restructuring. Reports indicate that most remaining Rite Aid locations in New York State are expected to shutter within the first quarter of 2026, with a significant wave of closures hitting this…