-
GNC to invest in supply chain following third quarter results
GNC plans to make some major supply chain investments in 2014, including opening a fourth distribution center serving domestic stores, located near Indianapolis, following strong results for the third quarter.
The company reported a net income increase of 17.3%, from $62.2 million to $73 million.
Revenue grew about 9%, from $621.6 million to $675.6 million. Same store sales increased approximately 6.7% in domestic company-owned stores, including GNC.com sales, in the quarter, while in domestic franchise locations, same-store sales increased 5.9%.
-
FedEx gets ready for holiday push; expects Cyber Monday to be busiest day
New York -- FedEx expects to transport more than 22 million shipments around the world on Cyber Monday, Dec. 2, which it anticipates will be its busiest day in company history. The 11% year-over-year increase will be driven by online retailers feeding the FedEx Ground and FedEx SmartPost networks.