Some Of Your Favorite Brands Will Be Closing Their Physical Stores This Year, Find Out Which One Is Included

Published on 04/26/2020
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GNC

GNC sells products related to health and nutrition, but even with the small rise of people looking to get fit, in 2017, gross revenues for the business dropped by 3.4%. GNC has shifted its attention elsewhere with debt in billions and a decrease in overall sales and profits. They also decided to sell 40% of the stock to Chinese pharmaceutical companies, with a strong market in China and an e-commerce website with large numbers. The corporation is producing, marketing, selling, and distributing GNC’s goods in China.

GNC

GNC

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Fred’s Pharmacy

Fred’s Pharmacy has sought a 600 to 1,000 expansion in its stores in the U.S. but never stopped. The gross revenues of the company fell by 4.3% compared to the previous fiscal year. The former media executive was appointed after Fred’s CFO in 2018. So Fred sold $40 million for its specialty pharmacy, CVS.

Fred's

Fred’s Pharmacy

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