Posted on 06/24/2020 7:48:13 AM PDT by SeekAndFind
Another retailer has succumbed to bankruptcy during the coronavirus pandemic
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Bankruptcies in general are rising. The economic fallout from this epidemic is far from over.
We’ll all be working for Amazon when this is over.
Niche. Niche. For the love of all that is holy, the ruddy word is “niche”.
The Radio Shack of the vitamin industry. Why didn’t they just go online to begin with, or maybe negotiated with Walmart to sell their brand in its stores?
Morons
Good. They pissed me off years ago when the cashier argued with me about using their stupid discount cards that expired every few months. By the third time I was sick of filling out another form and said I would rather pay full price. The guy gave me a hard time! I said screw it and walked out. Crappy business model.
We’ll be lucky if we’re working at all. Lots of headwinds still out there and will be for awhile, Fed printing and a levitating stock market notwithstanding. Not much reason for economic optimism IMO.
Did you come up with that? That is a fantastic analogy
Should of stocked some cans of beans etc.
Harbin is in China.
Chinese companies are known to put harmful substitutes in their products.
Good riddance to Guesswhat Nutrition from China.
Yet here you are...a Freeper! That wheat germ was good for you !
You’re right.
Maybe GNC is a good brand in Asia and Harbin is looking to use that. Doubt it will be a good “U.S.” investment now.
“Expect GNC products to be sold primarily by drug store chains like CVS, Walgreens, and Rite Aid very soon.”
Like Craftsman tools. Sad but inevitable, I suppose.
‘It always seemed very nitch and over priced to me.’
not only that, but they were a bitch to work for; I found out the hard way some forty years ago...
‘Headquartered in downtown Pittsburgh where I’m sure there will be some jobs lost.’
established by P-burg businessman David Shakarian, very successful, but a jackass in my humble opinion...
‘They weren’t that great anyways.’
I’ll never forget that horrendous papaya juice they used to push; and they used to make their employees stand outside their ‘lease line’ and harangue people to sample their sunflower seeds...
I used to be regular GNC customer. Then I started ordering supplements from a catalog company called Swanson, and now order from their website. Haven’t been in a GNC for years. Still, I hate to see another retailer fail due to COVID shutdowns.
WAAAAAAY overpriced inventory. The only surprise here is that it took so long for them to implode.
I think Amazon killed them with better pricing.
That and direct air mail from China most likely.
The vitamin and supplement business is a mafia set up. Huge margins.
Swanson is AWESOME.
Been ordering from them for years and love them.
Not surprised. The only thing GNC was really good for was selection available right now at retail. Their pricing in my experience is worse than CVS at full price, and I’d only buy there on a BOGO sale. If you can wait it’s far better to buy online.
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