gnc stores closing
GNC declares bankruptcy, closing 800 stores; complete list of closing locations. The Arkansas stores are located in Benton, Fayetteville, Jonesboro, Little Rock, Monticello and North Little … Health and wellness company GNC Holdings has filed for Chapter 11 bankruptcy protection and is looking to close at least 800 to 1,200 stores.Gene J. Puskar | AP Photo. First published on June 24, 2020 / 12:22 PM. GNC plans to close up to 900 stores across Canada and the US – and it looks like mall locations … A coach will be waiting to take your order. The closures come after the Pittsburgh-based health supplement giant struggled financially for years, working to pay off debt, GNC said in a statement on its website. The vitamin retailer had already been struggling before the coronavirus-forced economic shutdown: GNC has lost more than $500 million over the past four years. The news of potential store closings comes as the company reported a 4.6 percent decline in same-store sales in its U.S. & Canada segment in the second quarter ended June 30 but operating earnings in the region … According to GNC’s website, stores in Auburn, Walpole, North Attleboro, Danvers, New Bedford and Springfield will close. GNC officials had announced in November 2018 that they would close up to 900 stores over the next three years in the U.S. and Canada as leases expire. Up to 900 GNC Stores Will Close for Good You might need to find a new place to buy your vitamins By Danielle Doiron, 1 year ago Another store has fallen victim to what some people are calling the "retail apocalypse." In a recent presentation for investors, GNC reported having $96 million in cash and $905 million in total debt. Copyright © 2021 CBS Interactive Inc. All rights reserved. 10:20. Let’s find your GNC Stay stocked up using curbside pickup by simply calling your local GNC store. © 2020 CBS Interactive Inc. All Rights Reserved. Gilford: Walmart Plaza; New Jersey GNC closing stores. Popular health retailer GNC recently announced that has filed for bankruptcy in the United States and will be closing 29 locations in Canada, including 14 in Ontario, as a result. GNC announced during the third quarter call plans to close 700-900 additional company stores over the next three years. GNC has since updated its website with the list of stores that will be closing 'as part of our restructuring.' The company said it also expects to add a … GNC, the 85-year old seller of vitamins and dietary supplements, filed for bankruptcy late Tuesday and said it plans to close as many as 1,374 stores, or nearly half of its company-owned locations, in the U.S. and Canada by the end of the year. He joined the company in September 2017. Reno: The Summit Sierra. "It's likely that we will end up [with] 700 to 900 store closures," the … Here's how to spot a fake, California Privacy/Information We Collect. GNC is on track to close about 200 company stores in the current year. ICE Limitations. GNC has 8,020 locations, including 1,949 in international markets and about 2,000 in-store shops inside Rite Aid. GNC called the management payouts, which also went to the CFO and other top executives, "retention bonuses." GNC Closing Nearly 1,000 Stores July 23, 2019 at 10:54 am Filed Under: GNC , Local TV , Miami News , Shopping Malls , South Florida , Store Closings , Vitamin Shop , Vitamins GNC will remain in business but plans to close between 800-1,200 locations in the U.S One Alabama location - Quintard Mall in Oxford – is on the closure list. The ubiquitous retailer had already been planning to close as many as 250 locations prior to the filing. Published on June 24, 2020, 6:43 pm. June 24, 2020 / 12:22 PM Keep reading to see 15 retailers that are closing stores in 2019. GNC had nearly 5,800 locations at the end of last year. Updated Jun 29, 2020; Posted Jun 29, 2020 . Registration on or use of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your California Privacy Rights (each updated 1/1/21). Community Rules apply to all content you upload or otherwise submit to this site. GNC is planning to close hundreds of stores. News provided by The Associated Press. “As a result, we felt the best opportunity for us to continue to improve our capital structure and address certain operational issues was to restructure through a Chapter 11 reorganization,” the statement said. GNC emphasized in a press release that the company and its remaining stores will continue to be open for business. CALIFORNIA — GNC filed for bankruptcy, and announced plans to close 27 California stores and between 800 to 1,200 stores nationwide. 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GNC Holdings Inc. has announced that it expects to close up to 900 of its store locations.The announcement was made during its second-quarter earnings call on Monday. / MoneyWatch. GNC will also close 12 stores in Florida, including locations in Miami, Orlando and Tampa, and 11 locations in New York, including three in Manhattan. Suite 1206, Nampa, Bannockburn Green, 2569 Waukegan Rd, Bannockburn, University Mall, 1225 University Mall, Carbondale, Stony Island Plaza, 1623 E 95th St, Chicago, Country Club Plaza, 4285 W 167th St, Country Club, South Shoppes, 2725 IL Route 26 S, Freeport, Lincolnwood Town Ctr, 3333 West Touhy Av, Lincolnwood, Cross County Mall, 700 Broadway East, Mattoon, McHenry Plaza, 1774 N. Richmond Road, McHenry, Orland Square Mall, 852 Orland Square, Orland Park, Northland Mall, 2900 E Lincolnway, Sterling, Putnam Plaza, 35 Putnam Place, Greencastle, Nora Plaza, 1300 East 86th Street, Indianapolis, Fairview Center, 556 Fairview Center, Kendallville, South Point Plaza, 3189 State Rd 3 S, New Castle, Asbury Plaza, 2565 Northwest Arterial, Dubuque, Old Capitol Center, 201 Clinton Street, Iowa City, Crossroads Center, 2060 Crossroads Blvd, Waterloo, Walmart Center, 2504 South Santa Fe Dr, Chanute, Hy Vee Shops, 4000 W 6th Street, Lawrence, Town Center Plaza, 4837 West 117th Street, Leawood, West Ridge Mall, 1801 Wanamaker Rd., Topeka, Florence Mall, 2122 Florence Mall Space #2124, Florence, Piere Bossier Mall #520, 2950 East Texas Ave., Bossier City, Broussard Village Shopping Center, 1212 D Albertson Pkwy, Broussard, Prien Lake Mall, 484 West Prien Road, Space G-17b, Lake Charles, Bangor Mall, 663 Stillwater Avenue, Bangor, Brandywine Crossing, 15902 E Crain Hwy, Brandywine, Washington Center, 20 Grand Corner Avenue, Suite D, Gaithersburg, St. Charles Towne Ctr, 1110 Mall Circle, Suite 6194, Waldorf, Liberty Tree Mall, 100 Independence Way, Danvers, Walpole Mall, 90 Providence Hwy, East Walpole, Emerald Square Mall, 999 South Washington Street, Box 111, North Attleboro, Eastfield Mall, Boston Rd, Unit B11, Springfield, Briarwood Mall, 850 Briarwood Circle, Ann Arbor, Caro Shopping Center, 1530 West Caro Road, Caro, Livonia Plaza, 30983 Five Mile Road, Livonia, The Village Of Rochester Hills, 136 N Adams Road, Space #B136, Rochester Hills, Forum at Gateways, 44625 Mound Road, Mound & M-59, Sterling Heights, Burnsville Center, 1030 Burnsville Center, Burnsville, Southdale Center, 2525 Southdale Center, Edina, Five Lakes Center, 334 South State St, Fairmont, Midway Shopping Center, 1470 University Ave W, St. Paul, Northpark Mall, 1200 East County Line Road, Space 159, Ridgeland, West Park Mall, 3049 Route K, Cape Girardeau, Chesterfield Commons, 204 THF Blvd, Chesterfield, Battlefield Mall, Space #337, 2825 South Glenstone, Springfield, The Summit Sierra, 13987 South Virginia Street, Space 700, Reno, Walmart Plaza, 1458 Lakeshore Rd, Gilford, Diamond Springs, 41 Diamond Spring Rd., Denville, The Shoppes At Union Hill, 3056 State Route 10, Denville, American Dream, 1 American Dream Way, East Rutherford, Menlo Park Shopping Center, 29 Menlo Park, Edison, The Wall Towne Center, 2437 Route 34, Manasquan, Town Brooks Commons, 840 ROUTE 35 S, Middletown, Mall @ Short Hills, Rt 24 & J.f. GNC joins a number of large companies, including the retailer Neiman Marcus and the car rental company Hertz, that have filed for bankruptcy since early May. GNC to close up to 900 stores, up to half of mall locations - Duration: 1:48. The retailer also said in a filing Wednesday it had paid CEO Ken Martindale a $2.2 million bonus five days before filing for Chapter 11 bankruptcy protection in a federal court. Its stock price dropped to $0.54 on Wednesday following the bankruptcy news — a long, hard fall from its $49 high back in 2015. GNC has filed for bankruptcy, warning it will close up to a quarter of its stores and search for a buyer. New Hampshire closing GNC store. GNC's case is being heard in the U.S. Bankruptcy Court for the District of Delaware. GNC has announced it will close 33 stores in Pennsylvania and that number could actually go up. The list also includes 29 stores in Canada, including 14 in Ontario. GNC Stores Closing In Colorado It obtained $130 million in fresh financing from its largest vendor, vitamin supplier IVC, to help it restructure. PricePlow 4,770 views. Yet Martindale, who was paid $7.1 million in 2019, will get to keep 75% of the cash bonus even if GNC doesn't emerge from bankruptcy. Since 1935, customers have trusted GNC to be at the forefront of quality ingredients and cutting-edge solutions. GNC aims to emerge from bankruptcy in the fall. The following is the list of initial closures: Quintard Mall, 700 Quintard Drive, Oxford, Flagstaff Mall, 4650 E 2 N Hwy 89, Flagstaff, Arrowhead Town Center, 7700 West Arrowhead Towne, Glendale, Madera Village, 9121 E. Tanque Verde Rd, Suite 115, Tucson, Grayhawk Plaza, 20701 N. Scotsdale Rd, Suite 105, Scottsdale, Benton Commons, 1402 Military Road, Benton, Northwest Arkansas Plaza, 4201 North Shiloh Dr, Fayetteville, The Mall at Turtle Creek, 3000 East Highland Ave, Space # 309, Jonesboro, North Park Village Shopping Center, 103 North Park Dr, Monticello, McCain Mall Shopping Center, 3929 McCain Blvd, North Little Rock, Rancho Marketplace Shopping Center, Burbank, La Costa Town Square, 7615 Via Campanile Suite, Carlsbad, Centrepointe Plaza, 1100 Mount Vernon Ave, Suite B, Colton, Mountain Gate Plaza, 160 W. Foothill Parkway, #106, Corona, Victoria Gardens, 12379 S Main St., Rancho Cucamonga, Red Bluff Shopping Center, 925 South Main Street, Red Bluff, Buena Park Mall, 8312 On The Mall, Buena Park, East Bay Bridge Center, 3839 East Emery Street, Emeryville, Vintage Faire Mall, 3401 Dale Road, Modesto, Huntington Oaks Shopping Center, 514 W. Huntington Drive, Box 1106, Monrovia, Del Monte Shopping Center, 350 Del Monte S.C., Monterey, Antelope Valley Mall, 1233 Rancho Vista Blvd, Palmdale, Town & Country Village, 855 El Camino Real, Palo Alto, Rancho Bernardo Town Center, Rancho Bernardo, Rocklin Commons, 5194 Commons Drive 107, Rocklin, Westfield Shoppingtown Mainplace, 2800 North Main Street, Suite 302, Santa Ana, Gateway Plaza Shopping Center, 580b River St, Suite B, Santa Cruz, Santa Rosa Plaza, 600 Santa Rosa Plaza, Suite 2032, Santa Rosa, The Promenade Mall, 40820 Winchester Road, Temecula, West Valley Mall, 3200 N. Naglee Rd., Suite 240, Tracy, Yucaipa Valley Center, 33676 Yucaipa Blvd, Yucaipa, Chapel Hills Mall, 1710 Briargate Blvd at Jamboree Drive, Colorado Springs, The Citadel, 750 Citadel Drive East, Space 1036, Colorado Springs, River Landing, 3480 Wolverine Dr, Montrose, Monument Marketplace, 15954 Jackson Creek Pkwy, Monument, Central Park Plaza, 1809 Central Park Dr., Steamboat Springs, Larkridge Shopping Center, 16560 N. Washington St, Thornton, Woodland Park Plaza, 1115 E US Hwy 24, Woodland Park, The Plaza At Burr Corners, 1131 Tolland Pike, Manchester, Dover Mall, 1365 N. Dupont Highway, Dover, Gateway West Shopping Center, 1030 Forest Ave, Dover, Rockford Shops, 1404 North Dupont St, Wilmington, Boynton Beach Mall, 801 N Congress St, Suite 763, Boynton Beach, Clearwater Plaza, 1283 S. Missouri Ave, Clearwater, Coral Square, 9295 West Atlantic Blvd, Coral Springs, Dupont Lakes Shopping Center, 2783 Elkcam Blvd, Deltona, The Shops @ Mission Lakes, 5516 South State Rd 7, Space # 128, Lake Worth, Wickham Corners Shopping, 1070 North Wickham Road, Unit 106, Melbourne, Coastland Mall, 2034 Tamiam Trail North, Naples, Orlando Fashion Square, 3451 E Colonial Drive, Orlando, Oviedo Marketplace, 1385 Oviedo Marketplace B, Oviedo, Gulf View Square Mall, 9409 Us 19 North, Port Richey, University Mall, 12232 University Square C, Tampa, The Mall at Stonecrest, 8000 Mall Parkway, Lithonia, Walnut Creek Plaza, 1475 Gray Highway, Macon, Horizon Village, 2855 Lawrenceville Suwanee, Suite 740, Suwanee, Merchant's Square, 414 South Main Street, Swainsboro, Karcher Mall, 1509 Caldwell Blvd. It also sells GNC products in an additional 1,200 Rite Aid locations. Nevada closing GNC store. The list included 248 locations, including 27 stores in California, the most of any state. GNC will also close 12 stores in Florida, including locations in Miami, Orlando and Tampa, and 11 locations in New York, including three in Manhattan. In statements posted to its website, GNC said the business had been “under financial pressure for the past several years” but the COVID-19 pandemic “created a situation where we were unable to accomplish our refinancing and the abrupt change in the operating environment had a dramatic negative impact on our business.”. GNC Closing 200 Stores in 2018! GNC also sells its products in an additional 1,200 Rite Aid stores. Summary. All rights reserved (About Us). Officials confirmed the move Monday during a second quarter earnings call with analysts. The company has been temporarily offering curbside pickup during the pandemic and said it plans to make a "buy-online-pick-up-in-store" option permanent as part of its restructuring. ... report that it would close 700-900 stores over the next three years. Vitamin and nutrition chain GNC Holdings filed for Chapter 11 bankruptcy this week, with plans to close up to 1,200 of its 5,200 U.S. stores, including six in Arkansas, as it searches for a buyer. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. | Josh Schall Reports - Duration: 10:20. In mid-May, the company announced it lost $200 million in the first three months of 2020, up from a loss of just $15 million in the first quarter of last year. The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Kennedy Pkw, Short Hills, Willingboro Plaza, 4364 Route 130 North, Willingboro, Cottonwood Mall, 10000 Coors Bypass Nw, Space #d205, Albuquerque, Deer Park Commons, 506 Commack Road, Deer Park, Genesee Valley Shopping Center, 4290 Lakeville Rd, Geneseo, Johnstown Mall, 236 North Comrie Ave, Johnstown, Chautauqua Mall, 318 East Fairmont, Lakewood, Staten Island Mall, 2655 Richmond Avenue, Staten Island, Green Acres Mall, 1134 Green Acres Mall, Valley Stream, Eastview Mall, 7979 Victor-Pittsford Road, Victor, The Arboretum Shopping Center, 3339 Pineville Matthews, Suite 200, Charlotte, Southpark Mall, 4400 Sharon Rd, Charlotte, Four Seasons Town Center, 346 Four Seasons Mall, Greensboro, Cross Pointe Center, 1250-l Western Blvd, Jacksonville, Dayton Mall, 2700 Miamisburg Centerville Rd, Dayton, Ohio River Plaza, 13 Ohio River Plaza, Township Road & 11 & Sr 7, Gallipolis, The Shoppes Of Mason, 5220 Kings Mills Road, Mason, Heritage Crossing, 3113 Heritage Green, Monroe, The Town Center At Levis, 4135 Levis Commons Blvd, Perrysburg, Miami Valley Centre, 987 E. Ash Street, Piqua, Southpark Mall, 500 Southpark Center, Strongsville, Crocker Park, 137 Market Street, West Lake, Meadow Park Plaza, 1659 Rombach Ave, Wilmington, Neilson Square, 3322 W Owwn K Garriott Road, Enid, Cascade Station, 10207 NE Cascades Pkwy, Portland, Seaside Factory Outlet, 1111 North Roosevelt, Seaside, South Mall, 3300 Lehigh Street, Allentown, Logan Valley Mall, 300 Logan Valley Mall, Bk 4, Altoona, Clearfield Mall, 1800 Daisy Street, Clearfield, Neshaminy Mall, 707 Neshaminy Mall, Cornwell Heights, Cranberry Mall, 20111 Route 19. Six GNC stores will be closing in Arkansas. While controversial, it has become common for companies to award executives retention bonuses when they file for bankruptcy. Flickr/Mike Mozart Health and nutrition chain GNC is planning to close up to 900 stores as the retail apocalypse drags on. But on Tuesday, the retailer updated a previously disclosed list of stores that are set to be shuttered. Health and wellness retailer receives first payment from Chinese firm as part of joint venture. & Freedom, Cranberry, Oxford Valley Mall, 2300 E Lincoln Highway, Langhorne, Hyde Park Plaza, 451 Hyde Park Road, Leechburg, Shoppes At Montage, 2105 Shoppes Blvd, Moosic, Edgmont Square Shopping Center, Newtown Square, Pine Creek Center, 195 Blazier Drive, Unit 6, Pittsburgh, Springfield Mall, 1200 Baltimore Pike, Springfield, Lehigh Valley Mall, 215 Lehigh Valley Mall, Whitehall, 3097 Willow Grove Mall, 2500 Moreland Road, Willow Grove, Wynnewood Shopping Center, 50 East Wynnewood Road, Wynnewood, Hunt River Commons, 72 Frenchtown Road, North Kingston, Diamond Hill Plaza, 1790 Diamond Hill Road, Woonsocket, Haywood Mall, 700 Haywood Road, Greenville, North Hills Shopping Center, 2435 E North Street, Suite 1115, Greenville, Shoppes At Stonecrest, 1149 Stonecrest Blvd, Tega Cay, University Commons, 2459 University Commons W, B160, Knoxville, Three Star Shopping Center, 1410 Sparta Road, McMinnville, Southland Mall, 1215 East Shelby Drive, Memphis, Alamo Corners, 1451 Durenta Avenue, Suite 3, Alamo, Barton Creek Square, 2901 Capital Of Texas Hwy, Austin, Sunland Park Mall, 750 Sunland Park Drive, Space J4, El Paso, North East Mall, 1101 Melbourn Road, Suite #3090, Hurst, Sheppard Square, 2055 Westheimer, Suite 160, Houston, Ingram Park Mall, 6301 Northwest Loop 410, San Antonio, Rivercenter Mall, 849 East Commerce Street, San Antonio, Charlottesville Fashion Square, 1588 Fashion Square Mall, Charlottesville, Franklin Commons, 144 Council Drive, Franklin, Dulles 28, 22000 Dulles Retail Plaza, Ste 154, Sterling, Maple Avenue Shopping Ctr, 335 Maple Avenue East, Vienna, Everett Mall, 1402 SE Everett Mall, Suite #225, Everett, Jefferson Square, 4722 West 42nd Ave SW, Seattle, Spokane Valley Mall, 14700 E Indiana Avenue, Spokane Valley, Green Firs Shopping Center, University Place, Vancouver Plaza, 7809 Vancouver Plaza #160, Vancouver, Bay Park Square, 311-a Bay Park Square, Green Bay, East Town Mall, 2350 East Mason Street, Green Bay, Janesville Mall, 2500 Milton Ave, Space 117, Janesville, Greenbrier Valley Mall, 75 Seneca Trail & US Route 219, Fairlea. David Hogg says he's starting a pillow company, taking on MyPillow, GameStop shares plunge more than 40% as investors bail, Super Bowl 2021 ads: Here are the leaked commercials, Millions of N95 masks are counterfeits. Vitamin and dietary supplement chain GNC has declared bankruptcy and will close at least 800 of its 7,300 stores. But the pandemic, which forced the company to temporarily close 30% of its stores, made things worse. GNC: Health and nutrition retailer GNC announced June 23 that it has filed for bankruptcy in the U.S. and says it will close at least 29 stores in Canada as part of its restructuring. GNC's list of store closures is not known. Market data provided by ICE Data Services. © 2021 Advance Local Media LLC. The vitamin and supplement store GNC has announced it will close up to 900 stores in mall locations. Updated Jun 24, 2020; Posted Jun 24, 2020 GNC warned in early May that bankruptcy and store closures were looming. GNC is shuttering over 900 of its brick-and-mortar stores and shifting its focus to online sales amid rumors of a potential bankruptcy filing. TORONTO -- Health and nutrition retailer GNC has filed for bankruptcy in the U.S. and says it will close at least 29 stores in … Developed by experts, backed by science & formulated to meet even the most aggressive goals, your journey will always be our focus. GNC is planning to shutter about 200 stores across the U.S. and Canada in 2018. GNC said the closures will help it cut costs as it attempts to emerge from bankruptcy over the next year and will save the chain from shutting down completely. GNC permanently closing up to 1,200 stores, including 10 in N.J. As we value and care for not only our customer’s but our employees’ health and safety, we are increasing the frequency of our cleaning and maintenance procedures according to CDC best … FILE- In this April 29, 2020 file photo, a couple walks past a GNC store at the company's world headquarters in downtown Pittsburgh. When might you get Biden's $1,400 stimulus check? The Pittsburgh-based vitamin and supplement retailer has declared Chapter 11 bankruptcy, prompting the closure of hundreds of stores throughout the United States. Bankruptcy Court for the District of Delaware 700-900 additional company stores over the next three years products an... Including 27 stores in Pennsylvania and that number could actually go up how to a. A recent presentation for investors, gnc reported having $ 96 million in cash and $ 905 million in and. Nearly 5,800 locations at the forefront of quality ingredients and cutting-edge solutions most of any state company and its stores... 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