Who owns gnc stores

The retailer started in as a single health food store, opened by David Shakarian in Pittsburgh and specializing in yogurt, which at the time was fairly new to American diets. Over the years it broadened its assortment of wellness products and opened thousands of stores under the General Nutrition Centers banner.

It went public, was taken private, went public again, and then, in , went bankrupt. GNC had faced financial distress for years leading up to , in large part because of its debt load, as well as stalling sales through its massive physical and largely mall-based footprint. Now under Harbin, GNC could have access to new capital and opportunities, after restructuring and shrinking physically in bankruptcy.

The retailer is looking to " meet growing demand and bring innovative products to consumers through improved store experiences, new omnichannel offerings and wholesale partnerships — all while increasing products' speed to market," GNC said in the release announcing its new executive leadership. Lawrence, the new CFO, said GNC is "now a stronger, leaner and more nimble business, and with the right strategies in place, we are extremely well-positioned to thrive in a category that is experiencing explosive growth.

Follow Ben Unglesbee on Twitter. Things are much better in the industry than in recent years. Retail will always be a tough business, though.

Retailers are navigating supply chain bottlenecks while consumers face renewed concerns over the COVID pandemic. Topics covered: retail tech, e-commerce, in-store operations, marketing, and more. Search x. An article from. Dive Brief. Published Feb. GNC emphasized in a press release that the company and its remaining stores will continue to be open for business. 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.

Retail stores face uphill battle during pandemic. Please enter email address to continue. Please enter valid email address to continue. Chrome Safari Continue. You can contact Joe at , jnapsha triblive.

Support Local Journalism and help us continue covering the stories that matter to you and your community. TribLIVE's Daily and Weekly email newsletters deliver the news you want and information you need, right to your inbox. Local Front - - - - -. Sports Front - - - - -. Duquesne Robert Morris District Colleges - - - - -. Other Local U. News Front - - - - -.

Opinion Front - - - - -. Lifestyles Front - - - - -. Trib Extra. Go To Trib Extra.