GNC to Open 300 New Stores Globally

GNC reported that net income for the fourth quarter rose to $37.7 million, compared with $18.8 million a year earlier. Revenue increased 17 percent to $509.6 million in the quarter; domestic same-store sales rose 12.1 percent. In 2012, GNC plans to open approximately 125 net new domestic retail locations, 15 net new domestic franchise locations, 150 net new international franchise locations and 50 net new GNC-Rite Aid store-within-a-store locations.