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GNC plans 26-store rollout in China
Pittsburgh — GNC Holdings has announced that it is expanding its retail presence in China with the opening of its first stand-alone store in Shanghai. GNC plans to open an additional 25 locations in China over the next 12 months.
The company currently operates more than 60 store-within-a-store locations in eight grocery, convenience and health and wellness chains in China. -
Loblaw increases earnings, revenue in Q2
Brampton, Ontario -- Loblaw Companies Limited reported higher earnings and revenue in the second quarter of fiscal 2013 as compared to the same period in fiscal 2012. Lolbaw’s net earnings for the quarter totaled USD $173.2 million, up 14% from $151.8 million.
The retailer reported revenues of $7.31 billion, a 2% increase from $7.18 billion a year earlier. Same-store sales improved 1.1%.