The nutritional supplement giant, with about 4,100 locations across the country, has about 20 locations in Montco.
It is not clear how many of the Montgomery County stores will be closing.
GNC has confirmed that it will close as many as 900 stores nationwide this year, writes Dees Stribling for biznow.com.
The company will be targeting mall locations, which number about 800 now. GNC Chief Financial Officer Tricia Tolivar said during the company’s Q2 2019 earnings call Monday. “Over the long term, we could bring that closer to 400 to 500.
Sales are down and revenue is also down, along with foot traffic at malls, all of which are leading the company to the shut downs.
GNC closures are part of a national trend. Year-to-date retail closures announced in the U.S. have already exceeded the total for the full year 2018, when there were 5,864 closures and 3,258 openings, according to Coresight Research.
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