BUFFALO, N.Y. — Rite Aid has added another Buffalo-area location to its list of closing sites as part of its Chapter 11 bankruptcy process.
Rite Aid (NYSE: RAD) will close the store at 47 Niagara St. in the city of Tonawanda next month. The pharmacy's last day will be May 14 and the front-end's last day will be May 19, according to a company spokesperson.
"In connection with the court-supervised process, we notified the court of certain underperforming stores we are closing to further reduce rent expense and strengthen overall financial performance," the spokesperson said in a statement to Business First. "At this time, we have not made or confirmed any decisions on additional specific store closures as part of our financial restructuring process."
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