Facebook Twitter LinkedIn Google Plus RSS

GNC, Subway announce store closures

By ,

Vitamin retailer GNC and sandwich chain Subway both announced store closures this week.

GNC is set to close approximately 200 stores this year, depending on lease negotiations and relocation opportunities. Subway might close as many as 500.

Pittsburgh-based GNC, which operates nearly 100 stores in New Jersey, reported an over $49 million drop in consolidated first quarter sales as compared to a year ago. U.S. store sales were down 1.9 percent in the first quarter.

It is unknown whether any New Jersey locations are at risk of closing. GNC had not responded for comment at press time.

A spokesperson for Subway, the world’s largest restaurant chain, told NJBIZ that although they expect some U.S. stores to close, they expect over 1,000 stores to open outside of North America.

“Looking out over the next decade, we anticipate having a slightly smaller, but more profitable footprint in North America and a significantly larger footprint in the rest of the world,” said the spokesperson via email.

Also Popular on NJBIZ

Gabrielle Saulsbery

Gabrielle Saulsbery

Albany, N.Y. native Gabrielle Saulsbery is a staff writer for NJBIZ and the newest thing in New Jersey. You can contact her at gsaulsbery@njbiz.com.

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy