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GNC Files for Chapter 11 Bankruptcy Protection With Plans to Close as Many as 1,200 Stores

Struggling Vitamin Business Blames Pandemic, Overall Slowdown of Mall Sales
GNC is closing hundreds of stores, mostly in malls, as part of its Chapter 11 bankruptcy petition. The vitamin retailer has long said foot traffic at standalone stores was much better than at those in malls. (Getty Images)
GNC is closing hundreds of stores, mostly in malls, as part of its Chapter 11 bankruptcy petition. The vitamin retailer has long said foot traffic at standalone stores was much better than at those in malls. (Getty Images)
By Jennifer Waters
CoStar News
June 24, 2020 | 5:51 P.M.

Nutrition retailer GNC Holdings filed for Chapter 11 bankruptcy protection with plans to close as many as 1,200 stores as it looks to find a buyer for an outright sale of the company for $760 million or more.

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