Rite Aid is a name that we all know and trust. The pharmacy chain has been a part of so many communities across New York for what seems like forever and they have filed for bankruptcy.

98.1 The Hawk logo
Get our free mobile app

Rite Aid has been struggling in recent years and is facing major competition from other big-name retailers. It hasn't been easy and they have been trying to keep up  with the always changing healthcare industry.

It hasn't helped that giants like Amazon have been invading Rite Aid's turf with online shopping as more and more people turning away from the brick and mortar stores. It's no surprise that Rite Aid found itself facing an uphill battle.

The company's decision to file for bankruptcy protection is a way for it to reorganize its finances and streamline its operations. Their hope is that by filing for bankruptcy, it will give them the breathing room they need to come up with a plan and get back on track.

Rite Aid has closed several stores in the last few months and have been preparing to close hundreds more. They will continue to operate its stores during this restructuring process as they make the necessary changes.  As the company works through its financial issues, it's possible that some stores may close their doors for good or be sold off to other retailers.

In the meantime, we can support our local Rite Aid stores. We need to remember that behind every store is a group of local people who rely on their jobs to support themselves and their families.

LOOK: Most common jobs 150 years ago in New York

Stacker compiled a list of the most common jobs in New York 150 years ago using data transcribed from the 1870 U.S. Census.

Gallery Credit: Stacker

Fun Jobs That Actually Pay Pretty Well

There are actually a number of good paying jobs that pay relatively good salaries. Take a look at what we found and see if one of these might be something you're looking for.

Gallery Credit: Gary McCoy

More From 98.1 The Hawk