As drugstore chain Rite Aid recently announced plans to file for bankruptcy, for a second time, the company also announced that it will not be accepting returns, exchanges, or gift cards, beginning in June.
Amidst the bankruptcy announcement, the company’s corporate headquarters, in both York County and Philadelphia, have also announced a mass layoff of over 1,000 employees.
Rite Aid Pharmacy filed Chapter 11 bankruptcy on May 5th, and recently announced on its website that beginning June 5th, the store will no longer honor store gift cards, nor will it accept any returns or exchanges.
According to the company’s press release, customers can continue to access pharmacy services and products in stores and online, but the company is also working to facilitate a smooth transfer of customer prescriptions to other pharmacies.
In that same release, the company says it’s looking to sell “substantially all of its assets.”
In a recent bankruptcy filing, Rite Aid announced the closure of eight stores in Pennsylvania, none of which are in our coverage area.
According to a Pennsylvania WARN ActRite Aid also announced the closure of two locations in York and Philadelphia counties.
With the two corporate buildings closing, over one thousand employees will be laid off.
The Pennsylvania Department of Labor and Industry said in a press release that the Shapiro Administration is to host a ‘Rapid Response’ meeting for those individuals affected.
“The Pennsylvania Department of Labor and Industry’s ‘Rapid Response’ team has been in continuous contact with Rite Aid to coordinate immediate support for employees impacted by the recent layoffs.”
Labor officials add that these services are federally funded, are provided at no cost and are designed to help workers experiencing sudden job loss.
The meeting will be held virtually on Wednesday, from 1 to 2 p.m., and impacted employees can sign up online.
