GNC same-store U.S. sales up 5.6% in first quarter; total sales rise 20% to $328 mil..
This article was originally published in The Tan Sheet
Executive Summary
GNC DOMESTIC STORE OPENINGS INCREASING TO 525 in 1998 from an earlier estimate of 450, the dietary supplement retailer announced May 12. Based on the growth of the dietary supplement market and the "broadening" of GNC's customer base, the company plans to accelerate its planned domestic store openings by 17%, GNC said. As a result, the company has increased its five-year projection from 5,000 to 6,000 stores.