6,300 Stores Close As Consumers’ Buying Priorities Change

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248 stores of GNC

USA Today

Since the beginning of the pandemic, the 85-year-old vitamin and dietary supplement company has been faced with almost $1 billion in debt, not to mention the decline in sales at its brick-and-mortar locations the year before. Last June, this retailer filed for bankruptcy and expects to close from 800 to 1,200 stores across the country while looking for a buyer to purchase the whole company. To start, GNC will close 248 stores as soon as possible and get started with the restructuring process to prepare for the future sale.