{"id":4549,"date":"2020-06-24T10:08:04","date_gmt":"2020-06-24T15:08:04","guid":{"rendered":"https:\/\/waxahachie360.com\/?p=4549"},"modified":"2020-06-24T10:08:04","modified_gmt":"2020-06-24T15:08:04","slug":"gnc-files-for-bankruptcy-to-close-1200-stores","status":"publish","type":"post","link":"https:\/\/waxahachie360.com\/waxahachie-news\/2020\/06\/24\/gnc-files-for-bankruptcy-to-close-1200-stores\/","title":{"rendered":"GNC files for bankruptcy, to close 1,200 stores"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The <em>85-year-old chain will close one quarter of it locations.<\/em><\/p>\n\n\n\n<p class=\"has-drop-cap wp-block-paragraph\">Vitamin and supplement chain GNC filed for bankruptcy protection late Tuesday afternoon, with the 85-year-old chain indicating that it will close as many as 1,200 of its locations, or about a quarter of its stores.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company has not yet said if the move will affect the Waxahachie location.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">GNC executives said the company plans to emerge from bankruptcy in the fall with a little more than 4,00 U.S. retail stores remaining. The closings comes just 11 months after the chain announced 900 closings last summer. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Declining sales account for the closings as grocery stores and online retailers offer a wider assortment of nutritional supplements at a lower cost. Growing competition along with reduced traffic in malls where the company made its mark have undermined company profits The blow to the company&#8217;s income that resulted from the arrival of a global pandemic earlier this year only hastened its demise. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 85-year-old chain will close one quarter of it locations. Vitamin and supplement chain GNC filed for bankruptcy protection late Tuesday afternoon, with the 85-year-old &#8230; <a title=\"GNC files for bankruptcy, to close 1,200 stores\" class=\"read-more\" href=\"https:\/\/waxahachie360.com\/waxahachie-news\/2020\/06\/24\/gnc-files-for-bankruptcy-to-close-1200-stores\/\" aria-label=\"Read more about GNC files for bankruptcy, to close 1,200 stores\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"","_wp_convertkit_post_meta":{"form":"-1","landing_page":"0","tag":"0","restrict_content":"0"},"footnotes":""},"categories":[12],"tags":[],"class_list":["post-4549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","infinite-scroll-item","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/waxahachie360.com\/waxahachie-news\/wp-json\/wp\/v2\/posts\/4549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/waxahachie360.com\/waxahachie-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/waxahachie360.com\/waxahachie-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/waxahachie360.com\/waxahachie-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/waxahachie360.com\/waxahachie-news\/wp-json\/wp\/v2\/comments?post=4549"}],"version-history":[{"count":0,"href":"https:\/\/waxahachie360.com\/waxahachie-news\/wp-json\/wp\/v2\/posts\/4549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/waxahachie360.com\/waxahachie-news\/wp-json\/wp\/v2\/media\/4554"}],"wp:attachment":[{"href":"https:\/\/waxahachie360.com\/waxahachie-news\/wp-json\/wp\/v2\/media?parent=4549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/waxahachie360.com\/waxahachie-news\/wp-json\/wp\/v2\/categories?post=4549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/waxahachie360.com\/waxahachie-news\/wp-json\/wp\/v2\/tags?post=4549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}