Rite Aid has officially closed all of its New York locations, and now the big question everyone is asking is, what’s going to replace them?
Last year, the pharmacy giant filed for Chapter 11 bankruptcy and announced it would shut down all 178 stores across New York State, including 12 in the Hudson Valley.
Rite Aid Closes All New York Stores
The company pointed to a tough economic climate, rising costs, and legal challenges as the main reasons behind the closures. CEO Matthew Schroeder said the company had been trying to find other solutions, but ultimately couldn’t avoid shutting down all of its locations.
Hudson Valley Rite Aid Stores Closed
Those closures hit close to home, with locations in Beacon, Kingston, Hyde Park, Hopewell Junction, Middletown, Montgomery, Newburgh, Rosendale, Brewster, Wappingers Falls, and two in Poughkeepsie all shutting their doors.
Since then, many of those buildings have been sitting empty, leaving residents wondering what could move in next.
Grocery Store Planned for Kingston Location
That question may have already been answered, at least in Kingston. Plans have been submitted to bring a full-service CTown supermarket to the former Rite Aid at 485 Broadway. If it happens, it could set the tone for what happens at other locations across the Hudson Valley.
So What Could Replace Rite Aid?
Most of these vacant stores are large, in high-traffic areas, and already have plenty of parking, making them ideal for a wide range of businesses. And there are a few names that keep coming up again and again…