GNC planning to close 900 stores, mostly at malls

The company will close 700 to 900 stores, according to Retail Dive, with most of the closures targeted at mall locations, CEO Ken Marindale said in a conference call Monday.

GNC locations in strip malls, where about 61 percent of the footprint is located, are “relatively stable from a comparable sales perspective,” Martindale said, according to Retail Dive.

The supplements retailer saw revenue drops of 8 percent to $476.1 million in the second quarter, in large part because of same-store sales declines of 4.6 percent, according to a GNC statement.