Famous Retail Store Announces Hundreds of Locations to Close

america
May 04, 2018May 04, 2018

The success and popularity of online retailers had dealt a major blow to traditional storefront retailers. Dozens of major brands have gone out of business or closed some stores in recent years.

Now, another retailer is joining the list after it was just announced they are going to close hundreds of locations. According to reports, GNC is closing 200 stores in 2018. GNC sells an assortment of health and wellness items, like performance and weight management supplements, vitamins and health and beauty products, according to Simple Most.

GNC has not yet released the exact story they plan to close. Reports say they will be closing stores across North America, including U.S. and Canadian locations. The news comes amid reports that GNC is not doing as well as other fitness and health-related businesses.

https://twitter.com/iam_seanbond/status/990716205722988544

https://twitter.com/Stack3dNews/status/990607130972639232

"The company’s revenue has been down over the past two years, from $2.6 billion in 2015 to $2.4 billion as of 2017. And while that’s certainly not chump change, it also doesn’t reflect the boom that the overall vitamin and supplement market is currently enjoying," reported Racked.

Some customers reached out on Twitter to offer their reason for the closures. Multiple comments said the retailer was too expensive, especially compared to other brands.

https://twitter.com/Will_kit/status/989595900766023680

https://twitter.com/greg_____/status/989594600221433856

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