Monday, June 29, 2020

Is your GNC closing? Retailer releases list of first stores to shutter in bankruptcy. See the list.

https://finance.yahoo.com/news/gnc-closing-retailer-releases-list-201047745.html

GNC Holdings Inc., which filed for Chapter 11 bankruptcy protection late Tuesday, has released an initial list of stores that will close.
The list posted at the Pittsburgh-based chain's site, GNCevolution.com, includes 248 closing stores, including 219 U.S. locations and 29 in Canada.
As part of the bankruptcy, the health and wellness retailer said it plans to "accelerate the closure of at least 800 to 1,200 stores." Many of the closures were previously announced and the liquidation started, the retailer said.
In November 2018, GNC officials had announced that they would close up to 900 stores over the next three years in the U.S. and Canada as leases expire and in July 2019 said it planned to focus the closings on mall locations.

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