Rite Aid has filed for bankruptcy for the second time in less than two years, marking a troubling trend for the beleaguered pharmacy chain. Following a recent exit from Chapter 11, Rite Aid now seeks to sell off its assets as it plans to close more than 175 locations across New York State and other outlets throughout the country. Job cuts have also been announced, raising concerns about the future of employees and operational viability. The company indicated that the majority of its stores will remain open temporarily, as it explores options amidst ongoing financial challenges.