GNC
GNC is one of those famous health and wellness stores that many people go to for their health supplements. However, amidst the increase in the number of people choosing a healthier lifestyle, the Company has reported a drop in profits and other revenue by 4.4 percent. The Company has also reported owing billions in debt and is the reason that prompted them to look to outside markets. As such, they have signed a 40 percent share sales to a Chinese pharmaceutical company that will be producing, promoting, and selling their products in the Chinese market and other locations in that region.
GNC
Fred’s Pharmacy
After an attempt to increase store locations from 600 to 1000 proved futile, Fred’s Pharmacy reported a drop in gross sales by 4.3 percent. This drop caused their bottom line to fall to a little over $139 million. In 2018, the CFO resigned with new management put in place. However, decisions were later made for the Company’s specialty pharmacy, CVS, to be sold for an average of $40 million. You can bet that Fred is rolling in his grave.
Freds Pharmacy
