The Ames Fan Club

Retail News => Stores Shutting Down This Year....2024 => Topic started by: TheFugitive on July 22, 2019, 04:03:50 PM

Title: GNC to close 900 stores
Post by: TheFugitive on July 22, 2019, 04:03:50 PM
The CEO of GNC here in Pittsburgh has announced that the company plans to
close around 900 brick-and-mortar locations over the next year.

https://www.msn.com/en-us/money/companies/gnc-could-close-up-to-900-stores-and-slash-its-mall-location-count-in-half-as-the-retail-apocalypse-roars-on/ar-AAEHGsO?ocid=spartanntp

Among reasons cited were that mall traffic "has not rebounded and shows no signs of rebounding anytime soon".

I would add that vitamins and supplements are perhaps the ideal item to be sold via the internet and home shipping, and that those companies are proving to be far more profitable than GNC with it's huge rent and overhead expenses.
Title: Re: GNC to close 900 stores
Post by: retailisking on July 23, 2019, 03:34:27 AM
Quote from: TheFugitive on July 22, 2019, 04:03:50 PM
Among reasons cited were that mall traffic "has not rebounded and shows no signs of rebounding anytime soon".

I wonder how many more failing malls will simply close up shop once stalwarts like GNC call it quits.
Title: Re: GNC to close 900 stores
Post by: TheFugitive on July 23, 2019, 07:49:44 AM
Good question.  I know that GNC was one of the last holdouts to bail from
Parkway Center Mall here in Pittsburgh.
Title: Re: GNC to close 900 stores
Post by: shore72 on July 23, 2019, 09:44:33 PM
I recall going into 2 or 3 nearly-dead malls over the last 20 years and the only chains left were Radio Shack & GNC.
Title: Re: GNC to close 900 stores
Post by: TheFugitive on July 24, 2019, 10:14:19 AM
The last survivors at Parkway Center were:

- Phantom of the Opera (a comic book store)
- The Sports Deli (a Pittsburgh-themed sporting apparel store)
- GNC
- A nail salon called 90's Nails (up till 2013!)
Title: Re: GNC to close 900 stores
Post by: Crazybangles on July 24, 2019, 01:58:15 PM
Just think of how many malls this will kill!
Title: Re: GNC to close 900 stores
Post by: JimSawhill on July 27, 2019, 06:59:32 PM
Vitamin Shoppe will grab some spots, I guess...