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GNC taps Rite Aid chief as CEO
Ken Martindale has stepped down as chief executive of Rite Aid Stores to take the reins of the struggling GNC Holdings. The specialty retailer of vitamins and supplements on Wednesday announced that Ken Martindale would succeed GNC interim CEO Bob Moran, effective Sept. 11. As part of the transition, Moran will become chairman, replacing Michael F. Hines, who will remain on the board. -
Toys 'R' Us hires firm to help it explore options
Toys "R" Us' debt may have finally caught up with it. With $400 million in debt coming due in 2018, Toys "R" Us is bringing in advisors to help the retailer weigh its options, which could include filing for bankruptcy protection. The nation's largest specialty toy retailer has hired Kirkland & Ellis, a law firm that specializes in corporate restructurings.

