GNC
RetailDrive reported that GNC had a 3.4 percent revenue drop in 2017. All of this happened in conjunction with its $1.3 billion debt. The GNC chief executive said the company fared well in e-commerce and China in Q2 of 2018. Despite this, it also reported that the top-line saw a drop in profits and sales in the same quarter. The company plans to sell 40 percent of the shares to a Chinese pharma retailer who will then produce, distribute, sell, and promote the products there.
GNC
Fred’s Pharmacy
In May 2018, the company reported that it saw a 4.3 percent drop in gross sales the previous year. It tried to launch a thousand USA stores, which is a big increase from its 600 stores. Plans did not push through, however. In February 2018, the CFO quit and was replaced by a former media executive. The company was then put on the market. It also sold the specialty pharmacy CVS for the price of $40 million.
Fred’s Pharmacy
