GNC
RetailDrive said that GNC experienced a revenue decline of 3.4 percent each year until it reached $2.5 billion. This has yet to include the $13 billion it has in debt. The chief executive of the company, however, reported that the company was doing fine in China during the 2018 Q2. It also received a decline in profits and sales in the same period, however. This might be the reason that GNC is planning to sell 40 percent of the company shares to a Chinese pharma retailer, who would then take over the products’ sale, production, promotion, and distribution.
GNC
Fred’s Pharmacy
In May 2018, the company report4ed that it saw a 4.3 percent decline from when it comes to gross sales. Aside from that, the bottom-line loss was reported at $139.3 million. Fred’s Pharmacy hoped to establish a thousand stores in the United States, which is significantly more than its 600 stores. This did not happen, however. In February 2018, its CFO left and got replaced by a media exec instead. Fred’s also decided to sell CVS for the price of $40 million.
Fred’s Pharmacy