GNC
GNC sells products related to nutrition and health, but it has not been a big hit among health-conscious millennials. In 2017, the gross revenue of the company actually fell by 3.4%. With billions’ worth of debt and a top-line sales and profits decline, GNC decided to channel its focus somewhere else. China boasts of a strong market and the e-commerce site is faring well. This is the reason they sold 40% of the shares to a pharma company in China. They will be in charge of the sale, distribution, and promotion there.
GNC
Fred’s Pharmacy
Fred’s Pharmacy had been hoping to increase the number of stores it had in the U.S. Sadly, the plan to increase it from 600 to 1,000 never materialized. The gross sales of the company went down by 4.3% in the span of a year, while the bottom line was said to be $139.3 million. The CFO of the company left in 2018, only to be replaced by a media executive. On top of that, Fred’s sold CVS for $40 million.
Fred’s Pharmacy