Content about General Nutrition Centers

August 13, 2014

GNC Holdings, Inc.’s board of directors has authorized a multi-year program to repurchase up to an aggregate $500 million of the company's Class A common stock.

Pittsburgh -- GNC Holdings, Inc.’s board of directors has authorized a multi-year program to repurchase up to an aggregate $500 million of the company's Class A common stock. The authorization is effective immediately and replaces GNC’s previous authorization, which had approximately $250 million remaining.  

The repurchases are expected to take place over the next 24 months.

August 5, 2014

In a surprise announcement, GNC Holdings Inc. said that Joe Fortunato, chairman, president and CEO of the company, is stepping down.

Pittsburgh – In a surprise announcement, GNC Holdings Inc. said that Joe Fortunato, chairman, president and CEO of the company, is stepping down. It named Michael G. Archbold, 53, CEO and CFO of The Talbots Inc., as CEO and member of the board, effective immediately. The change comes a week after GNC announced its second disappointing quarter this year.

July 29, 2014

Net income at GNC Holdings Inc. slipped during the second quarter of fiscal 2014, falling 2% to $69.89 billion from $71.69 billion in the prior year period.

Pittsburgh – Net income at GNC Holdings Inc. slipped during the second quarter of fiscal 2014, falling 2% to $69.89 billion from $71.69 billion in the prior year period. For second quarter 2014, the company reported consolidated revenue of $675.2 million, a decrease of 0.2% as compared to consolidated revenue of $676.3 million for second quarter 2013.

June 13, 2014

Michael M. Nuzzo, executive VP and CFO of GNC Holdings Inc., is resigning in order to accept an executive position at an unspecified private equity-funded consumer products company.

Pittsburgh — Michael M. Nuzzo, executive VP and CFO of GNC Holdings Inc., is resigning in order to accept an executive position at an unspecified private equity-funded consumer products company. Nuzzo will remain with GNC at least through July 18, 2014, which will include preparation of its second quarter 2014 earnings release and 10Q.

May 7, 2014

GNC Holdings reported that net income for the quarter ended March 31 dipped to $69.9 million, from $72.6 million in the year-ago period.

Pittsburgh -- GNC Holdings reported that net income for the quarter ended March 31 dipped to $69.9 million, from $72.6 million in the year-ago period.

Retail revenue grew 3.1% to $509.0 million, compared to $493.5 million for first quarter 2013, driven primarily by strength from the e-commerce sector. Consolidated revenue edged up 1.9% to $677.3 million. Same-store sales decreased 0.7%.

May 1, 2014

GNC Holdings Inc. is launching a month-long fundraising and awareness campaign for Run With Us at more than 5,000 GNC stores and online at GNC.com.

Pittsburgh - GNC Holdings Inc. is launching a month-long fundraising and awareness campaign for Run With Us at more than 5,000 GNC stores and online at GNC.com. Run With Us is a curriculum-based health-=and-wellness program that brings elite track & field athletes and aspiring Olympians into the classroom to demonstrate how exercise and nutrition go hand-in-hand with goal setting and self-esteem.

April 25, 2014

GNC Holdings Inc. is launching a new national brand campaign: "Beat Average."

Pittsburgh – GNC Holdings Inc. is launching a new national brand campaign: "Beat Average." The campaign is designed to open a conversation with health-and-wellness consumers about their daily personal wellness goals and how GNC can be their ongoing partner and ally in beating average.

February 14, 2014

GNC Holdings Inc. reported positive financial performance during the fourth quarter and fiscal year 2013. For the quarter, net income slightly rose to $47.7 million from $47.4 million in the same period the prior year.

Pittsburgh — GNC Holdings Inc. reported positive financial performance during the fourth quarter and fiscal year 2013. For the quarter, net income slightly rose to $47.7 million from $47.4 million in the same period the prior year.

In addition, the chain reported consolidated revenue of $613.7 million for the quarter, an increase of 8.6% from $565 million from the year-ago period. Same-store sales increased 5% in domestic corporate stores and 3.3% in domestic franchise stores.

January 16, 2014

GNC Holdings, Inc. will deploy VeriFone’s newest NFC-enabled multimedia payment device at more than 3,100 of its U.S. retail locations.

Pittsburgh - GNC Holdings, Inc. will deploy VeriFone’s newest NFC-enabled multimedia payment device at more than 3,100 of its U.S. retail locations. The payment device will position GNC for potential future endeavors such as EMV (Europay, Mastercard and Visa) payments and customer marketing at the POS.

December 19, 2013

Rite Aid reported a solid 15.5% increase in net income during the third quarter of fiscal 2013, to $71.5 million from $61.9 million in the year ago period.

Camp Hill, Pa. – Rite Aid reported a solid 15.5% increase in net income during the third quarter of fiscal 2013, to $71.5 million from $61.9 million in the year ago period.  Lower interest expense and lease termination and impairment charges helped drive Rite Aid’s net income growth.

In addition, revenues grew about 2% to $6.4 billion from $6.2 billion, primarily due to a 3.5% increase in pharmacy same store sales. Same-store sales rose 2.3%.

November 27, 2013

The board of directors of GNC Holdings has authorized a multi-year program to repurchase up to an aggregate $500 million of the company's Class A common stock.

Pittsburgh – The board of directors of GNC Holdings has authorized a multi-year program to repurchase up to an aggregate $500 million of the company's Class A common stock. The authorization is effective immediately.  The GNC may finance any repurchases with cash, potential financing transactions, or a combination of the foregoing.  

October 28, 2013

GNC Holdings Inc. will use customer-centricity solutions from dunnhumbyUSA across all facets of its marketing to more effectively segment and engage with in-store and online customers.

Pittsburgh – GNC Holdings Inc. will use customer-centricity solutions from dunnhumbyUSA across all facets of its marketing to more effectively segment and engage with in-store and online customers. This will include personalized communications and offers to shoppers through both online and offline channels.

October 24, 2013

GNC Holdings reported strong results for the third quarter of fiscal 2013, reporting a net income increase of 17.3%, from $62.2 million to $73 million.

Pittsburgh – GNC Holdings reported strong results for the third quarter of fiscal 2013, reporting a net income increase of 17.3%, from $62.2 million to $73 million.

Revenue grew about 9%, from $621.6 million to $675.6 million. Same store sales increased approximately 6.7% in domestic company-owned stores (including GNC.com sales) in the third quarter of 2013, while in domestic franchise locations, same-store sales increased 5.9%.

October 2, 2013

GNC Holdings has acquired A1 Sports Limited, which operates under the Discount Supplements moniker.

Pittsburgh -- GNC Holdings has acquired A1 Sports Limited, which operates under the Discount Supplements moniker. The company is the leading multi-brand sports nutrition e-commerce retailer in the United Kingdom. Terms of the deal, which was funded with cash on hand, were not disclosed.
 
Following the acquisition, GNC.com, LuckyVitamin.com and Discount-supplements.co.uk will continue to operate as separate businesses, each with its own product offerings and target customers.

August 28, 2013

National Realty & Development Corp. www.nrdc.com has announced that Old Navy and GNC will open stores at Orange Plaza, an 815,000-sq.-ft. power center in Middletown, N.Y.

Purchase, N.Y. National Realty & Development Corp. has announced that Old Navy and GNC will open stores at Orange Plaza, an 815,000-sq.-ft. power center in Middletown, N.Y. Old Navy has taken 13,500 sq. ft. GNC will occupy 1,500 sq. ft.

Wal-Mart Supercenter, The Home Depot, Kohl’s Department Store, Burlington Coat Factory, Marshalls, Bed Bath & Beyond and Staples anchor the center, which draws from a 12-mile radius with a population of 157,000.
 

 

July 30, 2013

GNC Holdings Inc. has named Carmine Fortino as executive VP business development.

Pittsburgh -- GNC Holdings Inc. has named Carmine Fortino as executive VP business development. He most recently served as president of North American operations for Atrium Innovations Inc., a Canadian natural health products company. Fortino also previously held various management roles within Loblaw Companies Limited, including executive VP of Ontario operations, as well as executive positions with Zehrmart Limited, a grocery chain owned by Loblaw.

July 25, 2013

GNC Holdings Inc.'s second-quarter net income rose nearly 8% amid strong sales.

Pittsburgh -- GNC Holdings Inc.'s second-quarter net income rose nearly 8% amid strong sales. 

During the three months that ended June 30, GNC's income rose to $71.7 million, from $66.7 in the year-ago period. Its results beat expectations. 

Revenue increased 9.2% to $676.3 million from $619.1 million a year ago. Same-store sales rose 6.8% at company-owned stores and 5.2% at franchise locations.

July 24, 2013

GNC Holdings has announced that it is expanding its retail presence in China with the opening of its first stand-alone store in Shanghai.

Pittsburgh — GNC Holdings has announced that it is expanding its retail presence in China with the opening of its first stand-alone store in Shanghai. GNC plans to open an additional 25 locations in China over the next 12 months.

The company currently operates more than 60 store-within-a-store locations in eight grocery, convenience and health and wellness chains in China.

 

July 22, 2013

GNC Holdings Inc. on Monday opens its first freestanding store in China.

Pittsburgh -- GNC Holdings Inc. on Monday opens its first freestanding store in China. The store, located in the Raffles City complex in Shanghai, is the first of about 25 standalone stores GNC plans to open in China during the next 12 months.

July 2, 2013

GNC Holdings Inc. has elected Alan D. Feldman and Robert F. Moran to its board of directors. Feldman most recently served as chairman, president and CEO of Midas Inc.

Pittsburgh – GNC Holdings Inc. has elected Alan D. Feldman and Robert F. Moran to its board of directors. Feldman most recently served as chairman, president and CEO of Midas Inc. from May 2006 until its merger with TBC Corporation in May 2012 and as its president and CEO from January 2003 until May 2006.  Prior to that, Feldman held senior management posts at McDonald's Corporation and the Pizza Hut and Frito-Lay units of Pepsico. Feldman also currently serves on the board of directors of Foot Locker Inc.

April 26, 2013

GNC Holdings reported that net income for the quarter ended March 31 rose 12.5% to $72.6 million, compared with $64.5 million in the year-ago period.

Pittsburgh -- GNC Holdings reported Friday that net income for the quarter ended March 31 rose 12.5% to $72.6 million, compared with $64.5 million in the year-ago period.

Revenue increased 6.5% to $664.7 million, from $624.3 million last year. Same-store sales advanced 1.9% in domestic company-owned stores (including online sales).

 

March 4, 2013

RKF said it has arranged a 2,100-sq.-ft. lease for GNC at 302 Canal Street in downtown Manhattan.

New York -- RKF said it has arranged a 2,100-sq.-ft. lease for GNC at 302 Canal Street in downtown Manhattan.

The new store, which will consist of 1,050 sq. ft. on both the ground floor and basement of the building, is located less than one block east of Broadway near Mercer Street.  It will become GNC’s 47th Manhattan location when it officially opens this spring.

With this latest lease transaction, RKF has arranged five retail leases in New York City on behalf of GNC.

 

February 19, 2013

GNC Holdings is bullish on expansion. Reporting impressive results for the fourth quarter, the retailer plans to open approximately 150 net new U.S. stores in 2013, along with 30 net new domestic franchise locations, and 175-200 net new international franchise locations.

Pittsburgh -- GNC Holdings is bullish on expansion. Reporting impressive results for the fourth quarter, the retailer plans to open approximately 150 net new U.S. stores in 2013, along with 30 net new domestic franchise locations, and 175-200 net new international franchise locations. It also will open 30 net new GNC-Rite Aid store-within-a-store locations.

October 23, 2012

Four new tenants have opened at Hollywood & Highland Center – the retail, dining and entertainment venue located on Hollywood’s Walk of Fame. Mr. Koji’s, GNC, Sweet! Hollywood candy store and Kitson fashion boutique have all recently opened and will be joined by another group of impending openings.

Hollywood, Calif. – Four new tenants have opened at Hollywood & Highland Center – the retail, dining and entertainment venue located on Hollywood’s Walk of Fame. Mr. Koji’s, GNC, Sweet! Hollywood candy store and Kitson fashion boutique have all recently opened and will be joined by another group of impending openings.

Chilli Beans, a Brazilian sunglasses retailer, is slated to open on Oct. 31; L'Occitane will open on Nov. 1; Zinzi jewelry will open Dec. 1; and Cho Oishi will open its Japanese restaurant in Feb. 2013.

July 26, 2012

GNC Holdings reported that net income for the quarter ended June 30 nearly doubled to $66.7 million, compared with $36 million for second quarter 2011.

Pittsburgh -- GNC Holdings reported Thursday that net income for the quarter ended June 30 nearly doubled to $66.7 million, compared with $36 million for second quarter 2011.

Consolidated revenue increased 19.4% to $619.1 million, and same-store sales increased 12.9% in domestic company-owned stores, representing the company's 28th consecutive quarter of positive same store sales growth.