Author Topic: GNC to seek possible Bankruptcy by end of the week - and files 06-24-20 (Read 4229 times)

Soul Crusher · « **on:** May 11, 2020, 12:21:37 PM »

https://www.post-gazette.com/business/healthcare-business/2020/05/11/GNC-options-including-bankruptcy-debt-pandemic/stories/202005110056?fbclid=IwAR3WWVWVtbQ26EJDXLR18U4nmiCrdFdNEqsI71rQ4OSVigWe1B2CrVHWPFA

Another CHICOM FLU victim bites the dust.

Mr Anabolic · « **Reply #1 on:** May 11, 2020, 12:25:19 PM »

I'm surprised that didn't happen years ago with all the other supplement companies out there today.

I also heard AMC movie theaters is in trouble and Amazon is looking to buy them. AMC is owned by a Chinese company called the Wanda Group.

deadz · « **Reply #2 on:** May 11, 2020, 12:40:12 PM »

Don't know how they survived this long. Should have been closed over a decade ago.

Soul Crusher · « **Reply #3 on:** May 11, 2020, 12:48:03 PM »

Quote from: deadz on May 11, 2020, 12:40:12 PM

Don't know how they survived this long. Should have been closed over a decade ago.

Convenience is a big thing. A lot of people just want to run in and get something and run out.

Ron · « **Reply #4 on:** May 11, 2020, 12:59:11 PM »

The company posted a net loss of $200 million during the first quarter, compared with a loss of $15 million during the same three months last year.

LurkerNoMore · « **Reply #5 on:** May 11, 2020, 04:20:36 PM »

Quote from: Soul Crusher on May 11, 2020, 12:48:03 PM

Convenience is a big thing. A lot of people just want to run in and get something and run out.

That is why Vitamin Shoppe exists..... and for 20% or more off the prices GNC charges.

obsidian · « **Reply #6 on:** May 11, 2020, 04:34:49 PM »

Quote from: LurkerNoMore on May 11, 2020, 04:20:36 PM

That is why Vitamin Shoppe exists..... and for 20% or more off the prices GNC charges.

I used to shop religiously at GNC 10-20 years ago. Since then I have moved on to Vitamin Shoppe and they are great IMO.

Rambone · « **Reply #7 on:** May 11, 2020, 04:39:44 PM »

My only question is, “What took so long?”.

Soul Crusher · « **Reply #8 on:** May 11, 2020, 04:53:03 PM »

Quote from: LurkerNoMore on May 11, 2020, 04:20:36 PM

That is why Vitamin Shoppe exists..... and for 20% or more off the prices GNC charges.

GNC is usually those tiny spaces wedged in a mall or section of rite aide etc.

Fortress · « **Reply #9 on:** May 11, 2020, 04:56:12 PM »

Fart powder emporium par excellence.

deadz · « **Reply #10 on:** May 11, 2020, 05:16:09 PM »

Quote from: obsidian on May 11, 2020, 04:34:49 PM

I used to shop religiously at GNC 10-20 years ago. Since then I have moved on to Vitamin Shoppe and they are great IMO.

They carry Redcrap1, so no Vitamin Shoppe for me. Try this company, better prices then Amazon with coupons they always send me, Vitacost.com

IroNat · « **Reply #11 on:** May 11, 2020, 05:53:46 PM »

Quote from: Ron on May 11, 2020, 12:59:11 PM

The company posted a net loss of $200 million during the first quarter, compared with a loss of $15 million during the same three months last year.

Pocket change for Getbiggers.

Marty Champions · « **Reply #12 on:** May 11, 2020, 08:02:48 PM »

amazon is a few days late on my order

wes · « **Reply #13 on:** May 12, 2020, 02:32:49 AM »

Fuck em their snakeoil salesman anyway.................. ..........their shit does nothing to build your body other than a few basic supps like vitamins and minerals along with whey.

Just eat good and avoid grass clippings.

IroNat · « **Reply #14 on:** May 12, 2020, 03:25:03 AM »

Quote from: Marty Champions on May 11, 2020, 08:02:48 PM

amazon is a few days late on my order

They are not as quick on the deliveries lately.

Very busy delivering toilet paper.

Dokey111 · « **Reply #15 on:** May 12, 2020, 04:11:17 AM »

Probably has something to do with the steroids they were putting in their protein powders, no wonder everyone was buying it.

just kidding, don't know how they lasted this long.

Humble Narcissist · « **Reply #16 on:** May 12, 2020, 04:51:53 AM »

Surprised this didn't happen earlier as most just buy their supps on Amazon.

SF1900 · « **Reply #17 on:** May 12, 2020, 05:16:44 AM »

I remember a GNC sales person told me I could look like Jay Cutler if I purchased a muscle tech product.

ElPolloSalmonello · « **Reply #18 on:** May 12, 2020, 05:42:49 AM »

Sigh - I shall miss dearly the days of telling GNC staff that I do not want a fucking membership.

BayGBM · « **Reply #19 on:** May 12, 2020, 05:46:41 AM »

Haven't shopped at a GNC since Mega Mass 2000.

LurkerNoMore · « **Reply #20 on:** May 12, 2020, 06:24:18 AM »

Quote from: BayGBM on May 12, 2020, 05:46:41 AM

Haven't shopped at a GNC since Mega Mass 2000.

Banana flavored cement that sat in your gut for what felt like 3 days....

BayGBM · « **Reply #21 on:** May 12, 2020, 06:41:17 AM »

Quote from: LurkerNoMore on May 12, 2020, 06:24:18 AM

Banana flavored cement that sat in your gut for what felt like 3 days....

I only bought the vanilla flavor. $:-\$
I seem to recall they eventually came out with Mega Mass 4000; I used to see the ads in FLEX. I never tried it.

Hypertrophy · « **Reply #22 on:** May 12, 2020, 06:56:32 AM »

Went into a GNC about 3-4 years ago while in a local mall. Left wondering how long they could last. The internet and bad marketing/business model killed GNC, not Covid.

Rambone · « **Reply #23 on:** May 12, 2020, 07:19:42 AM »

Quote from: Hypertrophy on May 12, 2020, 06:56:32 AM

Went into a GNC about 3-4 years ago while in a local mall. Left wondering how long they could last. The internet and bad marketing/business model killed GNC, not Covid.

This! They must’ve also ran out of naive high schoolers and grandmas to prey on.

Humble Narcissist · « **Reply #24 on:** May 12, 2020, 11:17:16 AM »

Quote from: BayGBM on May 12, 2020, 05:46:41 AM

Haven't shopped at a GNC since Mega Mass 2000.

Mega Mass 2000 came in a bag that looked like a feed bag for livestock. I gained weight from drinking all those shakes probably because I didn't shit for a week. That stuff was like liquid concrete.