What Time Does Gnc Open Near Me (2024)

FAQs

Is GNC owned by Walmart? ›

The company emerged from the Chapter 11 process under the new ownership of Harbin Pharmaceutical Group in October 2020. In 2021, GNC revealed that Josh Burris will take over as CEO and Cam Lawrence as CFO. In 2021, GNC announced a partnership with Walmart for a selection of GNC specific products.

Harbin Pharmaceutical Group Co., Ltd. The company owns both Renmintongtai (人民同泰), a drugstore chain and medical wholesaler for the domestic market, and GNC, a U.S.-based international retailer of supplements and wellness products.

GNC sets the standard in the nutritional supplement industry by demanding truth in labeling, ingredient safety and product potency, all while remaining on the cutting-edge of nutritional science.

GNC offers high quality, science-based products and solutions to inspire consumers to live mighty, live fit, and live well. As America's Most Trusted Nutritional Supplement Retailer, wellness seekers trust us with knowing that what they're consuming is safe, effective, and backed by expert support.

GNC has filed for bankruptcy, warning it will close up to a quarter of its stores and search for a buyer. The 85-year-old vitamin and dietary supplement company has been saddled with nearly $1 billion of debt and has faced declining sales at its brick-and-mortar locations since before the pandemic.

A federal bankruptcy judge approved the sale of GNC Holdings Inc. to China's largest drugmaker, Harbin Pharmaceutical, for $770 million. The deal is made up of $550 million in cash, including $4.5 million that will be used to pay unsecured creditors, as well as notes and assumed liabilities.

Get feedback on your pay or offer

The estimated total pay range for a Franchise Owner at GNC is $6K–$11K per month, which includes base salary and additional pay. The average Franchise Owner base salary at GNC is $8K per month.

GNC Franchise Costs $189K – $504K (+ 2024 Profits) GNC, or General Nutrition Centers, is a well-established franchise in the health and wellness retail sector, founded in 1935.

GNC, which filed for bankruptcy in 2020 and closed more than 1,200 stores, is the latest brand to build a strategy around people taking GLP-1s. WeightWatchers launched a new membership plan for people that gives members access to doctors who can prescribe these medications.

GNC main competitors are Vitamin World, Abercrombie & Fitch Co, and Oakley. Competitor Summary. See how GNC compares to its main competitors: Abercrombie & Fitch Co has the most employees (44,000).

Where is the GNC headquarters located? ›

Pittsburgh, PA

GNC / Headquarters

Because GNC hasn't had its products pre-approved for sale by the FDA, the supplements should have a prominent disclaimer warning buyers that the products are "not intended to diagnose, treat, cure or prevent any disease." But the disclaimers are either hidden on the back of supplement labels or omitted entirely, ...

As GNC's best-selling gainer, Pro Performance® Bulk 1340 is the clear winner as customer favorite. It's an all-around, great-tasting, high-quality gainer providing 1,340 calories and 50 grams of protein from whey protein concentrate, calcium caseinate, whey protein isolate, milk protein isolate, and egg albumen.

Vitamins and supplements chain GNC has partnered with retail giant Walmart to roll out curated product assortments to more than 4,000 Walmart stores and on Walmart.com.

Walmart currently holds four of the top five private brands: Great Value, Equate, Marketside, and Freshness Guaranteed. Great Value items are bought by 72.7% of consumers in the US. Thanks to the success of these four private label brands, Walmart is investing more in its house brands.

In April, Walmart expanded its private-label offerings with the debut of “chef-inspired” food brand bettergoods. The launch represents the retailer's largest private-brand food rollout in 20 years and is happening as several other retailers are also delving deeper into the world of private-label goods.

It is a publicly traded family-owned business, as the company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of Walmart through both their holding company Walton Enterprises and their individual holdings.