GNC
GNC, which has sold nutrition and diet goods since 1935, is slimming down. The vitamin and supplement retailer has filed for Chapter 11 bankruptcy, announcing the closure of 800 to 1,200 sites. The corporation has 7,300 stores worldwide, including 3,600 independent sites in the United States and 1,600 micro GNCs within Rite Aid pharmacies. GNC says on its website that it has been struggling financially in recent years, but that it is making progress toward paying down debt and competing with online retailers.
GNC
Pier 1 Imports
Pier 1 Imports has folded, along with the scented candle, silk pillow, Papasan chair, and everything else that this home furnishings business is renowned for. It began the year by announcing the closure of nearly half of its 900 outlets. The company had declared bankruptcy and was looking for a buyer. Instead, pier 1 has shuttered all of its locations, effectively ending a firm that began in 1962 in San Mateo, California, with a single outlet selling bean bag chairs, incense, and love beads to baby boomers.
Pier 1 Imports
