Nutritional supplement giant GNC will close three stores in Delaware, according to a list provided by AI.com
The listed stores are as follows:
- Dover Mall, 1365 N. Dupont Highway, Dover
- Gateway West Shopping Center, 1030 Forest Ave, Dover
- Rockford Shops, 1404 North DuPont St, Wilmington (Trolley Square area).
The company has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Delaware. Chapter 11 gives companies flexibility in getting out of leases.
Delaware and other states could see more closings in the coming months since the company plans to close between 800 and 1,2000 stores. Companies often publicly disclose store closings in bankruptcy filings, with further closings often flying under the radar as leases end.
Plans call for the sale of the downsized company. A large chunk of GNC stock is controlled by a state-owned company in China.
Pittsburgh-based GNC has locations in Delaware and elsewhere that are within a short drive of one another. It also has small departments within Rite Aid stores in Delaware and elsewhere.
