GNC plans to close up to 900 stores as part of cost-saving goals for 2019 and 2020.
The company will close 700 to 900 stores, mostly at malls, according to Retail Dive. Most of the closures will be at malls, said CEO Ken Marindale in a conference call Monday. The Mall at Fairfield Commons, Dayton Mall and Upper Valley Mall all have GNC stores.
GNC locations in strip malls, where about 61 percent of the footprint is located, are “relatively stable from a comparable sales perspective,” Martindale said, according to Retail Dive.
The supplements retailer saw revenue drops of 8 percent to $476.1 million in the second quarter, in large part because of same-store sales declines of 4.6 percent, according to a GNC statement.
GNC also has stores at Wright-Patterson Air Force Base, Cloud Park Plaza on Brandt Pike, Northpark Plaza in Huber Heights, Dayton Town & Country Shopping Center in Kettering, Sugarcreek Plaza in Sugarcreek Twp., Cross Pointe Center in Centerville, Austin Landing in Miami Twp., Troy Towne Centr in Troy, Mimai Valley Centre in Piqua, Towne Mall Shoppes in Middletown and Meadow Park Plaza in Wilmington.
We will continue to update this story if any local stores are set to close.
FIVE FAST READS
Thank you for reading the Dayton Daily News and for supporting local journalism. Subscribers: log in for access to your daily ePaper and premium newsletters.
Thank you for supporting in-depth local journalism with your subscription to the Dayton Daily News. Get more news when you want it with email newsletters just for subscribers. Sign up here.