News provided by The Associated Press. Developed by experts, backed by science & formulated to meet even the most aggressive goals, your journey will always be our focus. © 2021 Advance Local Media LLC. 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.”. 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 is shuttering over 900 of its brick-and-mortar stores and shifting its focus to online sales amid rumors of a potential bankruptcy filing. Flickr/Mike Mozart Health and nutrition chain GNC is planning to close up to 900 stores as the retail apocalypse drags on. GNC had nearly 5,800 locations at the end of last year. 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. Six GNC stores will be closing in Arkansas. GNC has announced it will close 33 stores in Pennsylvania and that number could actually go up. But the pandemic, which forced the company to temporarily close 30% of its stores, made things worse. GNC Closing 200 Stores in 2018! 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). Copyright © 2021 CBS Interactive Inc. All rights reserved. 10:20. GNC Stores Closing In Colorado It obtained $130 million in fresh financing from its largest vendor, vitamin supplier IVC, to help it restructure. He joined the company in September 2017. GNC called the management payouts, which also went to the CFO and other top executives, "retention bonuses." GNC announced during the third quarter call plans to close 700-900 additional company stores over the next three years. 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. June 24, 2020 / 12:22 PM 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 plans to close up to 900 stores across Canada and the US – and it looks like mall locations … GNC is planning to shutter about 200 stores across the U.S. and Canada in 2018. 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. © 2020 CBS Interactive Inc. All Rights Reserved. GNC has 8,020 locations, including 1,949 in international markets and about 2,000 in-store shops inside Rite Aid. / MoneyWatch. New Hampshire closing GNC store. But on Tuesday, the retailer updated a previously disclosed list of stores that are set to be shuttered. A coach will be waiting to take your order. 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. 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. The Pittsburgh-based vitamin and supplement retailer has declared Chapter 11 bankruptcy, prompting the closure of hundreds of stores throughout the United States. 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GNC declares bankruptcy, closing 800 stores; complete list of closing locations. Reno: The Summit Sierra. When might you get Biden's $1,400 stimulus check? Health and wellness retailer receives first payment from Chinese firm as part of joint venture. 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 company said it also expects to add a … Powered and implemented by FactSet. "It's likely that we will end up [with] 700 to 900 store closures," the … Vitamin and dietary supplement chain GNC has declared bankruptcy and will close at least 800 of its 7,300 stores. Updated Jun 29, 2020; Posted Jun 29, 2020 . The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. All rights reserved (About Us). 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. 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. According to GNC’s website, stores in Auburn, Walpole, North Attleboro, Danvers, New Bedford and Springfield will close. 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. 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 has since updated its website with the list of stores that will be closing 'as part of our restructuring.' 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. In a recent presentation for investors, GNC reported having $96 million in cash and $905 million in total debt. Published on June 24, 2020, 6:43 pm. 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." | Josh Schall Reports - Duration: 10:20. The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. 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 … Market data provided by ICE Data Services. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. GNC's case is being heard in the U.S. Bankruptcy Court for the District of Delaware. GNC permanently closing up to 1,200 stores, including 10 in N.J. 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. 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