Tuesday, July 23, 2019

GNC plans to close up to 900 stores with a focus on mall locations

USA Today
Health and wellness retailer GNC plans to close up to 900 stores with big cuts to mall locations expected.

Officials with the Pittsburgh-based chain spoke of their continued "store optimization effort" during the GNC's second-quarter earnings call with analysts Monday.

“I think it could be likely that we'll reduce our mall count by a nearly half,” said Tricia Tolivar, GNC chief financial officer. “So we've got a little over 800 malls today and over the long-term, we could bring that closer to 400 to 500.”. . . more