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## Western New York Rite Aid Stores to Close Amid Bankruptcy Proceedings

### Three More Stores to Shut Down
Western New York will bid farewell to three additional Rite Aid stores as the pharmacy chain navigates its way through the complexities of bankruptcy. The affected locations include 2047 Sheridan Drive in the Town of Tonawanda, 459 South Transit St. in Lockport, and 3249 Sheridan Drive in Amherst.

### The Larger Picture
These closures are part of a new wave of 53 stores that the company is streamlining from its overall portfolio. This list also encompasses the previously announced closure of the store at 47 Niagara St. in the City of Tonawanda.

### Company’s Restructuring Efforts
Rite Aid has made the decision to close approximately 200 stores since filing for bankruptcy last year. The organization has attributed this move to the need to reduce rent expenses by shutting down underperforming stores.

### Rite Aid’s Statement
In response to the closures, Rite Aid released a statement acknowledging their ongoing evaluation of their retail footprint to ensure operational efficiency while simultaneously meeting the demands of customers, communities, employees, and the broader business objectives.

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