GNC Turnaround?
GNC’s same store sales for franchised locations were up almost 5.9% during the 2nd quarter from a year ago. The 1st quarter sales were up 1.5%. At least it’s better than 2003 and 2004 when franchisees experience double digit quarter drops in same store sales.
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Be careful; in New York and Illinois they appear to be trying to take over the stores (terminate the franchisee) when the store is profitable. I don’t have the whole story, but I would be cautious and check out media articles and associations, including the AFA (www.franchisee.org) and there was a GNC franchisee assn website, but I don’t know what happened to it.
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yes, it seems a lot of GNC franchisees over the years have felt wrongly bullied. here’s one article
http://www.sptimes.com/News/082301/Business/GNC_owned_stores_bull.shtml
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