99 Cents Only
99 Cents Only sells all kinds of things at discounted prices. In December 2017, it was reported that the company had a $27.1 million net loss on top of its loss of $42.4 million during Q1 and Q2. Ares Management bought the company before it was acquired by Canada Pension Plan and then by a private family. CEO Jack Sinclair reported positive same-store sales, although things are still going downhill.
99 Cents Only
ADVERTISEMENT
GNC
GNC sells nutrition and health products that saw a gross revenue decline of 3.4% in 2017. It has debt worth billions and a decline in top-line sales, which must be why it decided to look somewhere else instead. It has a strong market there, so it sold 40% of shares to a pharma company in China.
GNC