99 Cents Only
99 Cents Only offers products at a discounted price, competing with big names such as Dollar Tree, Walmart, and Dollar General. In December of 2017, the company reported a $27.1 million net loss, in addition to a $42.4 million loss incurred in the first and second quarters. The 35-year-old company was eventually sold to Ares Management, eventually making its way to Canada Pension Plan and then to a private family. The new CEO Jack Sinclair reported some positive same-store sales, but unfortunately, 99 Cents Only is declining, fast.
99 Cents Only
GNC
GNC sells health and nutrition related products, but even with the uptick of people looking to get fit, the company’s gross revenue fell 3.4% in 2017. With debt in the billions and a drop in its top-line sales and profits, GNC turned their focus elsewhere. With a strong market in China and an e-commerce site that boasts good numbers, they have decided to sell 40% of shares to a Chinese pharma company. This company will produce, promote, sell and distribute GNC’s products in China.
GNC
