GNC Holdings
GNC Announces Furlough, Hiring Freezes
Pennsylvania-based GNC Holdings, Inc. announced that as a result of the COVID-19 pandemic, it had to initiative several cost-saving measures, including furloughs and a hiring freeze. Specifically, the company noted that there will be: • A reduction in operating expenses including a hiring freeze, eliminating corporate merit increases and other cost-saving initiatives • A decrease ...
GNC Closing 200 Stores
According to a report posted at bloomberg.com, Pennysylvania-based GNC Holdings Inc. said it will close 200 stores this year, as the vitamin retail company cuts costs and grapples with more than $1 billion in debt. Like other retailers, GNC has been struggling with a large brick-and-mortar footprint and competition from online sellers. It operates or ...
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