Molson Hart Retweeted Mitch Nolen Retail
The next recession, if it ever comes, will be an absolute bloodbath for brick-and-mortar retail. 2008 is to housing as 2019 is to brick and mortar retail.https://twitter.com/mitchnolen/status/1153374079384260609 …
Molson Hart added,
Mitch Nolen Retail @mitchnolen
GNC said it would close 700-900 domestic company-owned stores over this and the next two years. The company said today that it closed 258 in the past year and closed 749 locations of all kinds. Yet sales still fell 4.6% at domestic stores still open.
https://gnc.gcs-web.com/news-releases/news-release-details/gnc-holdings-inc-reports-second-quarter-2019-results … $gnc pic.twitter.com/yjEVKcbHeV
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12:39 PM - 22 Jul 2019
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