The Rite Aid drugstore on East Jericho Turnpike in Huntington Station will close soon.
On Friday, the Wall Street Journal reported that the company was negotiating the shutdown of 400 to 500 of its stores, as part of a bankruptcy plan.The company has more than 2,330 stores in 17 states, the Journal said. Forbes magazine said that “The company has more than $3.3 billion in debt and is looking down the barrel of more than a thousand federal lawsuits alleging it oversupplied opioids, according to multiple reports.”
The Rite Aid store is part of Turnpike Plaza at 717 East Jericho Turnpike, along with Lidl and other stores. On Saturday, many of its shelves were completely bare of goods, though the pharmacy was still operating.
The drugstore at that location has changed brands several times over the decades.
No further information was immediately available.