GNC Files For Bankruptcy, Will Close Three Jersey Shore Locations
The bankruptcy and closing announcements keep coming as businesses try to navigate a world that saw the economy come to a near-halt for almost the whole spring of 2020.
The latest big company to announce that they will file for Chapter 11 bankruptcy is nutrition retailer GNC.
In a Tuesday evening announcement, GNC said that they will close over 1,000 stores, including 10 in New Jersey, with a trio of those in Ocean and Monmouth Counties.
GNC isn't going out of business altogether, but in the effort to restructure their balance sheets, 1,200 stores across the country will be closing for good.
To their credit, GNC has been pretty transparent about the process, with a lengthy press release posted publicly on their corporate website, and another customer-focused website that openly lists the stores that will be closing.
For us here at the Jersey Shore, these are the GNC locations that will be closing:
- Toms River - Tri-City Plaza - Route 9
- Manasquan - Wall Towne Center - Route 34
- Middletown - Town Brook Commons - Route 35
Some of the other notable GNC closings in New Jersey will impact some of the state's biggest malls, including:
- Menlo Park Mall in Edison
- Short Hills Mall
- And, notably, the location at the American Dream Mall, which hasn't even opened for shopping yet.
Local GNC stores that will continue to operate include the Ocean County Mall store, the GNC at Brick Plaza, the Route 9 location in Waretown, and Howell's Route 9 location.
The full list of GNC stores can be found by clicking here.
You can click here to read more on GNC's restructuring website, including the full list of stores that will be closing here.