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Yo_Mama_Been_Loggin

(107,986 posts)
Wed Jun 24, 2020, 08:24 PM Jun 2020

GNC is closing 248 stores after filing for bankruptcy. Here's the full list.

GNC filed for Chapter 11 bankruptcy protection on Tuesday night, announcing that it expects to close between 800 and 1,200 stores while on the hunt for a buyer for its business.

In a letter to shoppers, GNC said the COVID-19 pandemic "created a situation where we were unable to accomplish our refinancing and the abrupt change in the operating environment had a dramatic negative impact on our business."

GNC identified 248 stores that will close imminently as part of the restructuring process. Stores are closing in 42 states, as well as in Puerto Rico and Canada.

https://www.msn.com/en-us/money/companies/gnc-is-closing-248-stores-after-filing-for-bankruptcy-here-s-the-full-list/ar-BB15VjiL?li=BBnbfcN&ocid=DELLDHP

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GNC is closing 248 stores after filing for bankruptcy. Here's the full list. (Original Post) Yo_Mama_Been_Loggin Jun 2020 OP
Bezos must be drooling. Thomas Hurt Jun 2020 #1
I thought he had surgery for that condition. marble falls Jun 2020 #2
You got a good laugh out of me with that one. Dem2theMax Jun 2020 #3
huh? i thought the economy was fine and back to normal now Takket Jun 2020 #4
If you close... Newest Reality Jun 2020 #6
Looks like most in my area will remain open Backseat Driver Jun 2020 #5
I thought they would do well with current problems and people wanting to do whatever JI7 Jun 2020 #7
Well...malls are already over-saturated in this 'country... Xolodno Jun 2020 #8
GNC seems to the be last to leave dying malls pstokely Jun 2020 #14
Around 40 years ago, GNC carried a good selection of healthy foods Cirque du So-What Jun 2020 #9
they had food? Demovictory9 Jun 2020 #11
Yeah, lots of it Cirque du So-What Jun 2020 #12
don't they still have protein bars? pstokely Jun 2020 #15
For this particular business, I won't shed too many tears Silent3 Jun 2020 #10
are they not selling enough Weight Gain 4000 anymore? pstokely Jun 2020 #13
Oh no Sunsky Jun 2020 #16

Newest Reality

(12,712 posts)
6. If you close...
Wed Jun 24, 2020, 08:55 PM
Jun 2020

If you close your eyes you can see it. Just look! It's right here in plain sight. A real spiffy economy with a Wall St. cherry on top. Yep.

Oh, and if you tap your heals together three times and say, "There's no place like recovery." you get there. Did I mention ruby slippers?

JI7

(89,250 posts)
7. I thought they would do well with current problems and people wanting to do whatever
Wed Jun 24, 2020, 09:02 PM
Jun 2020

to improve their health. though i don't know how effective their products are.

Xolodno

(6,395 posts)
8. Well...malls are already over-saturated in this 'country...
Wed Jun 24, 2020, 09:14 PM
Jun 2020

....and every mall has a GNC. Add to that, even several strip malls have a GNC. They are the McDonald's of vitamins and supplements.

Which aren't always useful....and at GNC, cost a shit load.

Add to that, they are small and don't carry too many products....whereas the larger competitors have far fewer stores, but more real estate and carry a better selection.

If they find a buyer...they are going to close down a shit load more.

pstokely

(10,528 posts)
14. GNC seems to the be last to leave dying malls
Thu Jun 25, 2020, 08:28 AM
Jun 2020

the malls with little foot traffic, people still go malls to look at things they can get cheaper online

Cirque du So-What

(25,939 posts)
9. Around 40 years ago, GNC carried a good selection of healthy foods
Wed Jun 24, 2020, 11:27 PM
Jun 2020

Sometime over the next few years, they transitioned to a supplements-only store with no foods whatsoever. I always thought they missed the opportunity that Whole Foods filled.

Cirque du So-What

(25,939 posts)
12. Yeah, lots of it
Thu Jun 25, 2020, 12:20 AM
Jun 2020

I used to purchase on average $40/week - they even had coolers and freezers. It was amazing the amount of stuff they crammed into a mall store.

Silent3

(15,212 posts)
10. For this particular business, I won't shed too many tears
Wed Jun 24, 2020, 11:49 PM
Jun 2020

There's just way too much pseudoscience, a lack of regulation, and a lack of quality control in the supplements industry.

pstokely

(10,528 posts)
13. are they not selling enough Weight Gain 4000 anymore?
Thu Jun 25, 2020, 08:25 AM
Jun 2020


they also seem to be the last to leave dying malls with little foot traffic

Sunsky

(1,737 posts)
16. Oh no
Thu Jun 25, 2020, 08:51 AM
Jun 2020

The one closest to me is on the list. There are several in the area though. I hate seeing store closures because that means people are losing their jobs.
This reminds me that I need to restock my son's vitamins.

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