GNC making strides by closing down heavy burden rental space in malls/strip plaza's. They are shifting from low foot traffic in malls and renting space in heavy foot traffic stores. There is talk about an agreement between GNC and Dicks Sporting Goods, 2 Pitt based companies. They are also looking at space in CVS, Walgreens, Sam's, Costco and other companies where there is good synergy and high foot traffic. This is a very smart strategy and a major savings. It also appears they are getting online sales moving in a very positive direction. The sales are there $1 Billion plus and with reducing heavy laden rent expenses and renting space in heavy foot traffic with synergistic companies, it's a winning RX over time.
