GNC
GNC, which sells nutrition and health products, found that its gross revenue declined by 3.4% in 2017. This happened even if there are more people interested in fitness and health. The company has billions of dollars in debt, so it had to focus on new things. It has a strong Chinese market and a good e-commerce business. This was the reason the company sold 40% of its shares to a Chinese company. It is also going to produce, sell, distribute, and promote GNC in the Asian country.
GNC
Fred’s Pharmacy
Fred’s Pharmacy tried to increase the number of its stores in the United States from 600 to 1,000. Sadly, this did not happen. The gross sales of the company went down by 4.3% from the fiscal year before that. The bottom line was also said to be $139.3 million. The CFO of the company left in 2018 and got replaced by a former media exec. Fred’s also decided to sell CVS, its specialty pharmacy, for $40 million.
Fred’s Pharmacy
