99 Cents Only
99 Cents also sells items at a lower price, dealing with major brands like Dollar Tree, Walmart and Dollar General. The Corporation announced a net loss of $27.1 million in December 2017, in addition to a loss of $42.4 million in the first and second halves. Finally, the 35-year-old company was sold to Ares Management, eventually finding its way to the Canada Pension Plan and then to a private individual. The new CEO, Jack Sinclair, announced some good sales from the same store, but unfortunately, 99 Cents Only is down, quickly.
99 Cents Only
GNC
GNC offers fitness and wellness related products, but even with the rise in customers trying to get fit, the company’s overall sales dropped by 3.4% in 2017. With debt in the trillions and a decline in its top-line revenues and earnings, GNC turned its focus elsewhere. With a big presence in China and an e-commerce platform with decent figures, they agreed to sell 40% of their stock to a Chinese pharmaceutical firm. This organization will produce, market, sell and distribute CNG goods in China.
GNC
