GNC Company to shut down 200 stores this year..

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Posted by SB SB

BloomBerg — GNC Holdings Inc. said it will close 200 stores this year as the vitamin retail company cuts costs and grapples with more than $1 billion in debt.
Like other retailers, Pittsburgh-based GNC has been struggling with a large brick-and-mortar footprint and competition from online sellers.
It operates or oversees 8,905 stores, including 3,385 in the U.S. Sales at U.S. locations that have been open for at least a year were down 1.9 percent in the first quarter, GNC said in a statement... → Full Article

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