GNC
GNC’s top-line revenue in 2017 dropped by 3.4 percent year after year to roughly $2.5 billion. It also carried $1.3 billion in debt. The chief executive said that it was doing well in China though and in e-commerce in 2018.
Source: Fortune
In the second quarter of 2018, GNC had declines in top-line and comparable sales as well as profits. In February 2018, the company reported that it would sell 40 percent to a Chinese pharma company which will manufacture, market, sell and distribute products in China. Recently, GNC is said to be closing up to 900 retail locations. They are worried that a lot about 28% of the locations closing are in malls, which could essentially have an effect on the success of the mall.