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The 85-year-old company filed for Chapter 11 protection late Tuesday night in the U.S. bankruptcy court in Wilmington, Delaware.
GNC Holdings, LLC (an initialism of General Nutrition Centers) is an American multinational retail and nutritional manufacturing company based in Pittsburgh, Pennsylvania. [5] [6] It specializes in health and nutrition related products, including vitamins, supplements, minerals, herbs, sports nutrition, diet, and energy products.
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
Bebe announced plans to close all stores and focus solely on online sales. At its peak, Bebe operated a total of 312 stores, but by March 2017, this was down to 172. [39] Bed Bath & Beyond announced in April 2019 that it would close 40 stores and also open 15 new stores that year. The company continued to struggle through the retail apocalypse ...
The world of nutritional supplements is a rather competitive one. However, for companies that can prove their worth it can be extremely rewarding. This was proven the other day when shares of ...
Walgreens said in 2019 it would close 200 stores and last year announced an additional 150 store closures. “We are at a point where the current pharmacy model is not sustainable,” Wentworth said.