99 Cents Only
Another store that sells items at very low prices is 99 Cents. The establishment declared a net loss of $27.1 million in December of 2017, additionally a further loss of $42.4 million in the first and second halves. Finally, the 35-year-old company was sold to Ares Management, finally finding its way to the Canada Pension Plan and then to a private individual. The new CEO, Jack Sinclair, stated that some good sales took place from the same store, but unfortunately, 99 Cents Only is down, quickly.
99 Cents Only
GNC
GNC provides fitness and wellness related products. However, even with the increase in customers trying to get fit, the company’s overall sales declined by 3.4% in 2017. With their debt way into the trillions and a decrease in its top-line revenues and earnings, GNC turned its focus elsewhere. With a massive presence in China and an e-commerce platform with worthy figures, they agreed to sell 40% of their stock to a Chinese pharmaceutical firm. This enterprise will make, market, sell, and distribute CNG goods within China.
GNC
