![GNC Files for Chapter 11 Bankruptcy, Will Close 6 MN Stores](http://townsquare.media/site/687/files/2020/06/GettyImages-1968884.jpg?w=980&q=75)
GNC Files for Chapter 11 Bankruptcy, Will Close 6 MN Stores
Health and wellness company, GNC, has filed for Chapter 11 Bankruptcy and is looking to close 800 to 1,200 stores nationwide.
Initially, GNC will be closing 248 stores and 6 Minnesota stores are on the chopping block according to Business Insider. Andover, Burnsville, Edina, Fairmont, St. Paul, and Willmar will all see their stores close.
COVID-19 created a situation where we were unable to accomplish our refinancing and the abrupt change in the operating environment had a dramatic negative impact on our business
In a letter to shoppers, GNC states that, "the best opportunity for us to continue to improve our capital structure and address certain operational issues was to restructure through a Chapter 11 reorganization. This gives us the opportunity to improve our balance sheet while continuing to advance our business strategy, right-size our corporate store portfolio, and strengthen our brands to protect the long-term sustainability of our company."
![KROC-AM logo](https://townsquare.media/wp-content/uploads/2019/08/KROCAM.png?w=100)
Here are 50 of your favorite retail chains that no longer exist.
Wake up with Jarred Becker every weekday morning from 6a-10a on AM 1390 KRFO
Connect with me on Social Media!
Twitter - @Jarred_Becker
Facebook - Jarred Becker
More From KROC-AM
![Lawsuits Filed Against MN Medical Practices Board & AG Ellison](http://townsquare.media/site/67/files/2020/07/Senator-Scott-Jensen.jpg?w=980&q=75)
![Minnesota Woman Admits to Role in Nationwide Pandemic-Era Fraud Schemes](http://townsquare.media/site/669/files/2020/06/Federal_Courthouse.jpg?w=980&q=75)
![Olmsted Medical Center Adjusts Masking Requirement](http://townsquare.media/site/669/files/2021/09/attachment-OMC.jpg?w=980&q=75)
![The COVID-19 Emergency Officially Ended Today in Olmsted County](http://townsquare.media/site/669/files/2020/05/GettyImages-1222132230.jpg?w=980&q=75)
![MN Finally Recoups Private Sector Jobs Lost to COVID Shutdown](http://townsquare.media/site/669/files/2021/10/attachment-GettyImages-1341707268.jpg?w=980&q=75)
![(OPINION) Why is Public School Enrollment Declining Nationwide?](http://townsquare.media/site/669/files/2019/09/Tom-Ostrom-studio.jpg?w=980&q=75)
![Minnesota Supreme Court Revives Lawsuit Over Walz’s COVID Powers](http://townsquare.media/site/669/files/2015/10/Minnesota_Supreme_Court.jpg?w=980&q=75)
![Last Chance For Minnesota Residents To Get Free COVID-19 Tests From The State](http://townsquare.media/site/163/files/2023/01/attachment-RS47568_GettyImages-1317824874-1-scr.jpg?w=980&q=75)
![Fewer than 20% of Minnesotans are current on COVID-19 shots](http://townsquare.media/site/669/files/2021/09/attachment-GettyImages-1270517935.jpg?w=980&q=75)