Rite-Aid to Shutter Chinatown Store this Month
One day after news broke that Rite-Aid on Grand Street is closing, another outpost crosstown in Chinatown is suffering the same fate.
The Rite-Aid store at 7 Madison Street is next to close. Final day in business is May 18. The closure comes shortly after Rite-Aid corporate announced earlier this year cost-cutting measures resulting in the shutter of 145 “unprofitable” pharmacies.
Plus, we’re also told the store has been suffering heavy losses due to uncontrolled shoplifting.
Although located just across the street from police headquarters, shoplifters have frequently raided the store, filling large garbage bags with products and walking out the door. The pharmacy has tried – with little success – to add security measures such as electronic security tags to bottled laundry detergent and placing toothpaste and other smaller products in locked glass display cases.
The Manhattan district attorney’s office has stated they are taking shoplifting seriously but will seek restorative justice measures for those caught shoplifting and will only prosecute serious repeat offenders.
Meanwhile, nearby residents who filled their prescriptions there or bought other toiletry items are scrambling to find a nearby alternative.