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