GNC Files for Chapter 11 Bankruptcy, Close Up to 1,200 Stores

Courtesy: MGN

General Nutrition Centers has filed for bankruptcy and will close up to 1,200 stores, including the Summit mall location in south Reno. 

The 85-year-old vitamin and dietary supplement company has been saddled with nearly $1 billion.

GNC has faced declining sales at its brick-and-mortar locations since before the pandemic.

However, GNC said that stay-at-home orders during the COVID-19 pandemic had a "dramatic negative impact" on its business.

GNC will continue operating, but after closing 20% of its retail stores, it will become a smaller company.

The company hopes to emerge from bankruptcy in the fall.

 

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