GNC
GNC, a nutrition and diet company that has been around since 1935, is slimming down. The vitamin and supplement retailer has filed for Chapter 11 bankruptcy, citing the closure of 800 to 1,200 stores. The company has 7,300 locations around the world, including 3,600 standalone stores in the United States and 1,600 mini GNCs within Rite Aid pharmacies. GNC admits on its website that it has been struggling financially for a few years, but that it is working to pay down its debt and keep up with online competitors.
GNC
Pier 1 Imports
Pier 1 Imports, along with the scented candle, silk pillow, Papasan chair, and everything else that this home furnishings retailer is known for, has thrown in the towel. It began the year by announcing the closure of nearly half of its 900 stores. The company had declared bankruptcy and was on the lookout for a buyer. Instead, pier 1 has closed all of its locations, putting an end to a company that began in 1962 in San Mateo, California, with a single location selling baby boomers bean bag chairs, incense, and love beads.
Pier 1 Imports
