GNC files for bankruptcy, closing 1,200 stores

GNC has filed for bankruptcy and will close 1,200 stores.

THey have faced declining sales since before the pandemic.

SUPPLEMENT COMPANY HAS BEENSADDLED WITH NEARLY A BILLIONDOLLARS OF DEBT.G-N-C HAS FACED DECLINING SALESAT ITS BRICK-AND-MORTARLOCATIONS-- SINCE BEFORE THEPANDEMIC.HOWEVER-- THE COMPANY SAID-THAT STAY-AT- HOME ORDERSDURING THE PANDEMIC HAD A"DRAMATIC NEGATIVE IMPACT" ONITS BUSINESS.G-N-C HOPES TO EMERGE FROMBANKRUPTCY - IN THE FALL.