Why GNC Slumped During The Vitamin Supplement Boom
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3 роки томуFor decades GNC has been the one-stop shop for vitamins, muscle building protein powder packs and practically every variety of weight-loss product. From New England to Southern California, chances are if you ever needed a potassium boost there was a GNC at a mall nearby. But the company that urged Americans to "Live Well" has fallen on tough times. In June 2020 GNC filed for bankruptcy with plans to close about 1,000 locations - more than 10 percent of its global footprint.
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Why GNC Slumped During The Vitamin Supplement Boom
@AnthonyNudo 3 роки тому
I’m surprised they lasted this long. They’re way overpriced.
@Scarsofevil 3 роки тому
Lmao, they mark up their prices like 200 percent just to give you a huge discount and the prices will still be higher than Vitamin Shope. Vitamin Shoope will only make 3-4 dollars more which is what you would've paid for shipping anyways if you want it on the spot.
@tzywg3399 3 роки тому
@immorton joe you got the same stuff at costco with half of the price
@spasplash156 3 роки тому
K Karen
@ylzanilsor5637 3 роки тому
True. Here, the sales staff keep mentioning GNC selling legit, original gym supplement in comparison to other stores. Always bad mouthing other supplement stores for some reason. Gym-goers hardly buy from them; unless when they did year end sales
@pagadqs 3 роки тому
@immorton joe Optimum, Muscle pharm ... Those are the name brands they sell. I'd say you must have heard of them if you have ever taken supplements...
@BillyT531 3 роки тому
Their discounts, points, and coupons became very confusing. Someone should have fired their marketing director.
@johnrohrkaste2073 3 роки тому
I worked at one. Customers got really confused sometimes when explaining it.
@Dennisaj 3 роки тому
*”GNC... Mediocre supplements at inflated prices.”*
@SS-wi4tm 3 роки тому
So much mediocrity with no curation or expertise.
@SS-wi4tm 3 роки тому
@Kalambong Kalambong overpricing niches is no longer possible because of the internet not because of the economy. GNC is double the price compared to my protein which offers more options.
@paulsz6194 3 роки тому
@@SS-wi4tm on par with Herbalife?
@that1guy588 3 роки тому
Bro get this pro membership
@jonsnow4144 2 роки тому
What brands are good then?
@TechLiberator 3 роки тому
It's not like people went to GNC at all even before the pandemic.
@MelinasAdventures 3 роки тому
Lol
@ladya3302 3 роки тому
I just said this! I remember when the mall was the place to kick it and I never saw anyone go in there. And that was yearssss ago.
@thadlm2698 3 роки тому
@TechLiberator I know right......they had problems waaay before the pandemic.
@Aj-me8mo 2 роки тому
I go to the vitamin shoppe
@GlitterGuru 3 роки тому
How did they survive this long? Their stuff is overpriced and they have the same logo as GMC...
@chrismatthews653 3 роки тому
lol. I remember being a kid and being very confused as to why a car company was selling supplements in the mall.
@adiposerex5150 3 роки тому
Kyle R at least GMC is helpful.
@JamesRendek 3 роки тому
I remember when they use to make us annoy people by calling them before Super Tuesday to remind them to come in and shop. I would call, when I absolutely had to and announce that it was GNC calling. Half the time the customer was like GMC? I paid my car loan...
@JamesRendek 3 роки тому
Also supplements are a super gray area with a lot of false hope and a bit of real hope when proper research or dumb luck prevailed. This was an incredible con opportunity in an area people knew little about. I'm glad supplements are legal because they are still often better than our healthcare system but there is room to be taken for quite a ride.
@jonnykool9931 3 роки тому
McDonald's is still very successful and their food is barely what should be allowed to be classified as "food". But it is cheap, I guess that is the secret. I don't know because I only eat there if I have no choice and I feel like I'm on the brink of starvation.
@sin3rgy 3 роки тому
GNC and knowledgeable sales person shouldn't be said in the same sentence. Seriously.
@dannnyyang 3 роки тому
David Liang no they were talking about GNC in the 80’s
@alihme8910 3 роки тому
@@dannnyyang جدججججج
@rothtiberiuscain7589 3 роки тому
You were expecting PhD level information from a retail clerk paid minimum wage? The problem lies with you.
@vanillacokejunky 3 роки тому
its a joke how much brainwashing the sales associates go through and they are forced to regurgitate the same crap to their customers
@Mrkevi123 3 роки тому
@@rothtiberiuscain7589 When a customer complaints in the tech world due to user error we log that down as an ID10T error.....
@LK-wz4dh 3 роки тому
I used to work for a GNC. They are way over priced, you got pressured to sell their over priced, inferior products to make sales goals. Also the way they advertised their products, took advantage of the uneducated consumer.
@abec8211 3 роки тому
GNC didn’t want to give me a job back then. Look where we are now.
@romariosmith422 3 роки тому
Facts
@Ericwolf520 3 роки тому
Same thing happened to me when I was a teenager lol look who’s laughing now 😆
@hamsterama 3 роки тому
HAHAHAHAHAHA! When I was a college student, I experienced the same thing with the Sears at my local mall. They jerked me around, made me do two job interviews. All for a crappy minimum wage cashier job. At the end, they told me that they decided not to fill that position after all. This all took place in 2007 or so. Once I graduated from college, I did not forget this, and never bought anything from Sears. I'm glad to see they destroyed themselves.
@rmfinance1781 3 роки тому
😆
@knockhello2604 3 роки тому
Dumb people in GNC lol
@snacking5908 3 роки тому
Why GNC Slumped During Vitamin Supplement Boom? Ridiculous prices on everything just saved you 14 minutes
@torreswaithe8607 3 роки тому
Thanks... I'ma head out.
@truthseeker6338 3 роки тому
Thanks ....Iam out
@roborich7793 3 роки тому
MVP
@jonnykool9931 3 роки тому
It could've been shows like "The Doctors" telling you that you don't need to take dietary supplements...and then at the end of the show...Guy from the Doctors on the commercial..."when I take Coq10 I take Quonal...a highly absorbable more clinically effective version of CoQ10...buy it today at Rite aid or your favorite pharmacy"
@snacking5908 3 роки тому
@@jonnykool9931 interestingly enough, I have a bottle of Coq10 in my cupboard that will probably go to waste
@seanzha1664 3 роки тому
Good! Nobody wants to overpay for supplements. You get way better prices from e-commerce platforms. W for consumers.
@michaelhenschel2598 3 роки тому
its also easier to scam idiots online! win for businesses
@JoseHernandez-ru4jf 3 роки тому
People have gotten sick some even die all because they bought some Chinese knock off on ebay.
@ChibiKeruchan 3 роки тому
@@JoseHernandez-ru4jf err what? I always go to GNC store to list down brand I should avoid. Even my trainer told me the same. On the other hand Only naive brat get scammed online. And who buys supplement on ebay? Are you looking for 2nd hand supplement? Lol
@knockhello2604 3 роки тому
@omnivore gains true
@Jayl__ 3 роки тому
Yeah don’t buy it online marketplace as there’s no other parting vetting the products on amazon. If you buy it on grocery Costco or drug stores at least they could be liable so they would do more screens
@kevinkang4427 3 роки тому
“Ontario Teachers’ Pension Plan acquires GNC for $1.65 billion” Rip pensions
@solitairedoll 3 роки тому
😂😂😂😂😂
@silversurfer8237 3 роки тому
The internet has really helped consumers identify when they are being price gouged. When you are selling to the mass market, either you have proprietary technology or you are providing value for money.
@jonnykool9931 3 роки тому
It's not the like the heyday of EAS supplements anymore, man they used to gouge us hard. I went to GNC and paid like 59 bucks for 20 packs of Myoplex meal replacement powder. I thought it was cool because I was making gains but it was most likely because I was chugging 10 ounces of whole milk with my 2 daily shakes lol. I don't think GNC realized that you could no longer charge those crazy prices with Amazon and Walmart in the game.
@NazriB 2 роки тому
Lies again? Goal Check
@cykablyat1466 Рік тому
I remember when I first started working out and lifting, there was this online site back in 2014 that specialized in organic protein powders that shipped out of New Zealand/UK. It was still cheaper for me to buy whey protein from that small e-commerce business, organic with better price per lb of volume vs the GNC brand even after international shipping. GNC has gouged people hard, and quite frankly there's not a reason to need salesmen or a brick and mortar store just for these kinds of products. Most people know what they are looking for and can get it off of Amazon/eBay/online.
@king77solomon30 Рік тому
BOYCOTT THIS ELEPHANT COMPANY
@mat_sous 3 роки тому
GNC is soooooo expensive!!! I stopped shopping there for that reason and that reason alone.
@thomastran 3 роки тому
GNC is expensive... too much competition
@thomastran 3 роки тому
@immorton joe check out MyProtein, they often go on sale for 35-45% off
@TheRacecarX 3 роки тому
@@thomastran Myprotein isn't American!! It's UK company
@gabrielar9611 3 роки тому
They should have kept selling yogurt, honey, grains, and healthy sandwiches....
@Leapord00 3 роки тому
Gabriela Rose it’s not a whole foods they sell dietary supplements, that’s their whole brand
@sko1beer 3 роки тому
Eitan B it said in the video it started it first shop selling yogurts honey and sandwiches
@paulsz6194 3 роки тому
@@sko1beer mmm...I'm a make myself a yoghurt & honey sandwich...
@sko1beer 3 роки тому
@@paulsz6194 I don’t think the yogurt and honey was in the sandwich’s. Maybe ham sandwiches or cheese sandwiches
@MichaelRockfez 3 роки тому
I associate it closely with GMC. They’re both overpriced and failing companies.
@cardboardpackage 3 роки тому
are they not the same company??
@triadwarfare 3 роки тому
@@cardboardpackage General Motors is not General Nutrition Center.
@cardboardpackage 3 роки тому
@@triadwarfare how did I just learn about this today?
@triadwarfare 3 роки тому
@@cardboardpackage General Motors used to be called "GMC" (General Motors Company). They're pretty much everywhere in the 90s and had product placements in the Matrix films. They switched to just GM or General Motors because of the confusion between GNC and GMC.
@rogeliomelgar5219 3 роки тому
Gnc is way too expensive. Walmart and Amazon are way cheaper
@patrick05020 3 роки тому
@@kdh5243 really not true, if you aren't braindead you can find good stuff.
@jonnykool9931 3 роки тому
Walmart sells Optimum nutrition protein...protein powder is silly unless you are actually a bodybuilder but if you are going to use it Optimum is good stuff. Ask a doctor or RD sometime, they never see protein deficiencies unless it is someone with an eating disorder, bowel disease or other illness such as cancer.
@Striker50_ 3 роки тому
Summary: OVERPRICED. 📉
@markiecubos 3 роки тому
📈
@reynaldsusain 3 роки тому
Way to pricy for basic supplements. I was very disappointed when I purchased a supplement in discount and found it to be very close to expiry! Never again I got supplements from GNC!
@kchong228 3 роки тому
Each time i visited the GNC shops I found their prices were extremely expensive. The shop keepers could not tell the benefits of their supplement but kept on telling me how good their special prices were. When I found their labels of nutrition content, most of them were in exact number, e.g. B1 100mg; B2 100mg; B3 100mg. They were too ideal and perfect. It seemed that all their products were synthesized at the laboratory. All seem to be artificial products, made of chemicals.
@NazriB 7 місяців тому
Lies again? Gold Cup Gain City Grab Car
@soulwolf1756 3 місяці тому
Becuase it is your right tho it's a bunch of crap it's all fake synthetic chemicals they don't want to sell you the healthy stuff because they don't care about you I used to take that stuff
@cashcow4383 3 роки тому
The prices were double of Walgreens, CVS, Target , Kroger, and anything the had under the GNC brand was poor quality
@philbrkich5173 3 роки тому
Good, high-pressure sales and overpriced products. Hope they get wiped out.
@theriffwriter2194 3 роки тому
I second that. Plus, I was originally gonna include a link for a science channel debunking the vitamin industry myth but there were just too many to pick from.
@michaelraymondellis6997 3 роки тому
I have never been pressured to buy anything from anyone at a GNC location. I'm sorry if you have. I hope they make it through this.
@triadwarfare 3 роки тому
Their prices reflect the American economy. Want them to go cheap? Have them offshore their production to China.
@theriffwriter2194 3 роки тому
@@triadwarfare Actually the only reason they don't need to go offshore is because that garbage cost pennies to make. The only thing their prices reflect it what the ignorant masses are willing to pay for a proven placebo. Now just Google "do vitamins work" but you might wanna set aside 48 hours. You got some reading to do.
@edspeer3246 Місяць тому
The sales people were constantly pushing you in buying something, that's why I don't like going in there and they're overpriced.
@blackburnheart 3 роки тому
Most people don't need vitamins or supplememts, all they need is a balanced diet.
@KingofTeez 3 роки тому
GNC is too expensive. Powdered protein is 2x the cost of the grocery store.
@denislara4343 3 роки тому
Finally! About 90% of their customers don’t need any of that stuff.
@joejoema 3 роки тому
GNC sale prices are regular prices on Amazon
@FinancialShinanigan 3 роки тому
Thought they went bankrupt long time ago, haven't seen one in ages
@order9066 3 роки тому
Can't GNC become a bank and get a full taxpayer-funded bailout?
@jonnykool9931 3 роки тому
Like most of the retail corporations they need to dump the hundreds of useless middle management (making 80-140K) that go around nitpicking and never really adding anything useful to the business. I worked for another retailer years ago had these same useless "regional managers." They could fire them all and they wouldn't lose a bit of sales.
@erwincuellar5806 3 роки тому
- GNC was outdated, it reminded me of Sears (=
@Kaizer177 3 роки тому
You don’t need supplement Just eat healthy
@sin3rgy 3 роки тому
Not exactly accurate. Anyone living in a place like Toronto, where we get 6 months of winter are vitamin d deficient, in fact most people around the world at vitamin d deficient. Can't get that from food. Supplements like NAC are crucial to people with fatty liver or suffer alcoholic liver damage, you won't get any appreciable amounts from food. Probiotics, anti-oxidants, the list goes on. I appreciate your advice to go natural first, but be accurate and realistic.
@Anewuser_6282 3 роки тому
You don’t “need” a lot of things but pantothenic acid, cod liver oil and zinc work well for acne. Sometimes supplements work better then pharmaceuticals if you are deficient.
@MichaelRockfez 3 роки тому
Some people still need specific supplements for their life stages or body changes.
@citrustaco 3 роки тому
Taking Vitamin D3 has been a godsend for me and virtually eliminated my cluster headaches. I take two 5,000 IU doses a day and it prevents them. However, I buy my D3 in bulk from Costco and not GNC. The doses are low and way overpriced.
@lwinhtet3699 3 роки тому
Do you even lift bro?
@joshf-w9602 3 роки тому
In Australia the stores are huge, really nicely fitted out and usually only mom and pops who are first time buyers, people who know what they want know it's overpriced
@dhrgkbqxtjr2743 3 роки тому
I bought a GNC member card for discounts back in 2006 and the moment I got home I was upset to see that even with discount, I was paying more than I would at regular pharmacy. Stopped using them ever since. Over time, even their creams and lotions became too expensive to buy. Now I can just get vitamins online at rock bottom prices.
@CaseyBurnsInvesting 3 роки тому
People try to get healthy after a healthy crisis. People try to save money after a financial crisis. Pay attention.
@kristenpaul7159 3 роки тому
Well said.
@chicodaman23 3 роки тому
If my last name was Hood, I think I’d name my child Robin.
@GoFastJames 3 роки тому
I use to buy a lot at GNC many years ago when they gave customers good prices, like the membership was worth buying. And they sold and stocked items I wanted. But when vitamin shop kept up better on new products and sales with rewards and not charging for a membership I shifted to buying from vitamin shop. Just recently I got some items from one the local GNC stores given online for the past few months they did not have the drinks I wanted. But even the local stores are still out of stock of some of the flavors for few brands. Another bad thing is brand ghost has an RTD drink they don't have online or stores. They are not keeping up with new items and stock. Even a few years ago they picked up 5% brand and only sold a few items, so I had to direct or another local shop.
@johnhenryweber665 3 роки тому
I understand that a lot of their products are overpriced, but a lot of their in house brands are really good. The Beyond Raw Iso-Casein PM has become a part of my nighttime routine. They should pull an 'In-and-Out', simplify their menu, and start looking at themselves like BodyBuilding.com... routines, plans, supplements, social media marketing, etc.
@d-katsu8931 3 роки тому
I just purchased a GNC product and now stumbled on this video😅.
@ShnikR1986 3 роки тому
Plus location location- with so many being located in malls that have been suffering due to poor foot traffic 😬
@stephenpercoco7041 3 роки тому
Nice job by CNBC covering this story and the topic of supplements.
@dawne5139 3 роки тому
They never had what I was looking for the few times I looked. And what I saw was 3 times the price of the drugstore. A lot of very expensive combination products, with ingredients I did not want or need.
@rivmchl 3 роки тому
5:34 "bUt ThE gAiNz WeRe ShORt LiVeD", " I see what they did there! 😂 😂 😂
@user-di9lb9kd8o 8 місяців тому
Location of gnc store
@abcdLeeXY 3 роки тому
Overpriced products and amazon. The end.
@TheOnesmallwhisper 3 роки тому
I remember going into GNC to pick up some pre workout 10 years ago and just though wtf when I saw the prices. They were charging stuff that usually went for 50 dollars for 70+ depending on the product. My gym also tried this tactic and it worked since I didn’t know prices back then and bought a few products from them. GNC in now going out of business and there enough complaints from people who go to my gym telling them they were overcharging products so they put the correct prices.
@joaquincortazar2716 3 роки тому
they are filing because their prices are ridiculous and their sales persons now absolutely nothing about supplements.
@toddmccain9517 3 роки тому
Shopped at GNC on and off for years. Stopped shopping due to price but recently started shopping there again. Their prices now are surprisingly great and are the same as online. Sounds like they need to work out their price perception.
@Sacto1654 3 роки тому
The problem was that the recent success of Bayer's _One-A-Day_ and Pfizer's _Centrum_ brands catering to adults and seniors have really killed a lot of the vitamin business.
@DreQueary 3 роки тому
Good, people need to stop putting all this garbage in their bodies.
@youtewbJC 3 роки тому
haha so true their stuff was full of chemicals I avoided that place and found natural whey and lead free vitamins elsewhere
@DanGopal 3 роки тому
Their prices are pretty low on Amazon here in Canada
@SheldonKreger 3 роки тому
Too expensive. Cheaper to buy online. Not sure what they were thinking!
@Spencer-wc6ew 3 роки тому
It's cheaper to buy anywhere. I think the only time I went in one was to look at protein powder, and it was like $50 for a container that was $20-30 everywhere else I looked.
@jonnykool9931 3 роки тому
Another company left behind by the times, just like Sears. GNC wanted to keep running their "member" scam on people and it just wasn't going to happen. Only Amazon can get away with charging people 99 bucks a year to shop there. Sears-has an electronics department but doesn't have any tv's in stock or 1 single Fitbit when they were the hottest item going a couple years ago. You can only make it so long selling Wrangler jeans and chainsaws.
@violetblue3347 3 роки тому
Bought a supplement recommended by the sales person at quite high price years ago. Got allergic reaction after a few days. They refused to exchange or refund. 😤
@randeepsingh7157 2 роки тому
What is AMP stands for?
@lingth 3 роки тому
no wonder i dun see them around in Singapore anymore, last year, i always see GNC stores empty of customers when i walk past. must be easy being their employee..u just sit at the cashier and stare at the empty store.
@dhrgkbqxtjr2743 3 роки тому
Same in Malaysia. I bought a GNC member card for discounts back in 2006 and the moment I got home I was upset to see that even with discount, I was paying more than I would at regular pharmacy. Stopped using them ever since. Over time, even their creams and lotions became too expensive to buy. Now I can just get vitamins online at rock bottom prices.
@dannnyyang 3 роки тому
Now I don’t have to get GNC and GMC mixed up again 😃
@carlosmorris4510 3 роки тому
Wow... I was wondering about what happened to them! I like the hands-on experience of physically holding and checking out supplements myself... But with that being said, I usually only bought their cheaper or discounted products anyway; you can buy protein powders, creatine, pre-workouts, vitamins and minerals elsewhere for much less expense. Think about it: why buy a tub of whey protein, for example, for 2-3× the price of buying it somewhere else? They hype up and push their products, but outside of any specialty vitamin cocktails they're essentially the same thing as you can find at your nearest Wal-Mart... In fact, Wal-Mart has even been selling some of their products for awhile now - and for half the price of at a GNC. Makes no sense.
@zanejames1746 3 роки тому
Worked as a sales associate for 1 year and I hated it. Company always forced us to be pushy and suggest unneeded products to customers, that might of worked in the 90s but in the internet age that doesn’t work anymore considering people have internet in their pocket..
@MrBrewman95 3 роки тому
The only thing I’ll miss is the sound of your footsteps on their wooden floors. I don’t know why but I loved that sound.
@jlazor1 3 роки тому
I buy my pre workout powder and protein shakes from my local grocery store when I go grocery shopping. Haven’t been to a GNC store in 7 years. So sick of them pushing Gold memberships, and what not.
@softballfj 3 роки тому
im surprised they dont see a correlation between gyms closing and reduction in gnc sales during covid . Ive rarely heard of anyone buying general health vitamins from gnc mostly protien, and work out supplement - if people aren't workout , they arent taking supplements, pre workouts, post workouts etc
@ivandrago1133 3 роки тому
Filing for bankruptcy because: 1) the sale garbage 2) it’s cheaper online That should just about cover it.
@bloqk16 3 роки тому
GNC would have served its customers better if they could have offered a selection of supplements. When I went into a GNC store years ago, they had stacks of the same items, with little selection to choose from. I've seen a broader selection of supplements at a Walgreens Drug store than what that GNC retailer had at that time.
@chadwickhjones 3 роки тому
vitamin = vital mineral
@johnlukach4091 3 роки тому
Lack of training for employees, very high prices, horrible product selection for plano grams, and stagnant product line
@josephtaylor6285 3 роки тому
I’ll add something to this analysis; with the increase in information, health conscious people look frequently for individual elements to improve health. There are in the teens, delivery systems for magnesium and loads of info online about which does what. GNC’s adherence to marketing ploys that combined different elements under a concept like testosterone boosting, hip and joint repair, etc didn’t allow for people wanting Magnesium Malate instead of Mag Oxide. Ever try to buy a simple bottle of Tocopherols instead of a product to boost skin repair? The rising age of the citizen scientist, those savvy people reading health studies for themselves sank GNC.
@Asigedge 3 роки тому
Theyre overpriced, always have 1 employee who doesnt know anything and rarely has sales. The stuff you find at GNC is at least 5 bucks cheaper at Walmart, Target and sometimes Vitamin Shoppe.
@tanveersingh5423 3 роки тому
This is one of the best channel for case studies
@martyryan1000 3 роки тому
I'm probably in their target demographic and never even knew that GNC sold supplements, I buy mine all online. Seen the signs on the shops before but never went it, I assume its just more expensive with less variety than there is online
@JonSnowsGhost 3 роки тому
GNC forces employees to sell their own products over third party products that might better fit what customers are looking for. And other products employees push on customers have commissions attached to them. And the knowledgable staff part is laughable. As long as you memorize some of the ingredients in each product you can sound like you know your stuff.
@gerardoelizondo9182 3 роки тому
Why GNC, Sears, JCPenney, Toys R us, Forever21, ... and a long list went bankruptcy ?? just one reason ----> Amazon
@CommaGains 3 роки тому
Lol uh yeah no. So why hasn’t Walmart Home Depot Netflix Autozone gone bankrupt? Amazon competes with all of them. Exactly.
@patrick05020 3 роки тому
No. They all sucked, thats why they went bankrupt. There's tons of stores that are doing just fine with Amazon around.
@scottyhaines4226 3 роки тому
Its called adapt to the business climate or die. Neither of them could do so or they waited too long to try it before they went out of business
@CommaGains 3 роки тому
🤎 obviously u didn’t understand what he said, and what my comment was tryna imply. Your reply to me was brilliant, I didn’t know that. Thanks for letting me know. Freakin genius
@tim4505 3 роки тому
E-Commerce is assassinating a few industries, Supplements and nutrition physical stores is definitely one of them.
@casherrera98 3 роки тому
Also because some of us take steroids, we don’t need supplements anymore.
@jrmartinez6602 3 роки тому
I worked for GNC for 7 years and this was bound to happen but the main reason I think is the upper management. I've never worked with such a large group of weird, and shady people. They got what they deserve 🤪 My area manager aka Wannabe manager no extra pay was a straight creep who went to court with atleast 5 females for sexual harassment and somehow they didn't fire him. Dude lived with his mom and way over 50 years old! Someone I hired climbed the ladder a d told me one day that they companies plan with me was to train future managers and due to me being mwxican atleast in my circle I would never climb up and she was dead serious. I left many years ago and to see this makes me very happy 👍
@robertdais7569 3 роки тому
Doesn't really tell you why they went bankrupt and focuses on the dietary industry instead.
@armoredsaint007 3 роки тому
Marketing company first, vitamins are a distance 5th.
@josuegarduno7154 3 роки тому
Way overpriced products. That's why I buy to local distributors. Even with the "discounts" GNC offers the products are still more expensive.
@G-Fi-High 3 роки тому
I bought from GNC for years, and like the rest of my friends, we all knew we where buying at our own risk. Nothing was FDA proved, but as young teens, some of the stuff worked really well, but most did absolutely nothing. They get you early.
@joesmith3829 3 роки тому
I was there during the boom, one analyst was right, at the time there were people who knew what they we’re talking about, but it slowly once Apollo took over they shifted into how much money and how fast can we make it... that led to a shift of service which turned off a lot of customers who now had more options and took their money elsewhere. BTW Apollo hedge fund double their investment once they sold to the canandian teachers union fund. Vitamin Shoppe is slowly heading that way also. Sad
@therealdavidleong 3 роки тому
GNC's logo always had me thinking it was GMC
@paternoaparente2196 3 роки тому
I like how he cringed before saying supplements are essential for health.
@martyryan1000 3 роки тому
Also, why make the name and logo so similar to GMC. I actually thought they were somehow associated
@dannyboio37 3 роки тому
As a buyer of sport supplements like protein powered, pre workouks ect the main reason I never used them was because they are far to expensive and only concentrated on rip off high revenue expensive premium names maximuscle. When you can get a cheap brand like optimum health that are the exact same quality power just not with the massive mark up because it's maximuscle. So everything I get comes from online at a third of the that it would be in GNC
@troysierra5228 3 роки тому
GNC once charged me $10.00, for a for a key chain member barcode to supposedly get discounts. When I did a price comparisons with other retailers. GNC was double or triple the prices. I guess that member bar code was another way to rip you off too!
@RichGarciaTv 3 роки тому
my friend works at vitamin shoppe and says they've been crazy busy selling all the vitamin supplements
@don8244 Рік тому
10:21 And that's why you don't dry scoop pre-workout 😭
@brianhua8226 3 роки тому
I always thought, GNC is somehow related to GMC when I was a kid.
@HablaConOwens 3 роки тому
They are tooo expensive
@skipwavedx5151 3 роки тому
I like that, people get all the vitamins and minerals from other sources. I've seen what many people buy on the checkout lines at Walmart.
@r6racer53 3 роки тому
Since the 80's Codex Alimentarius was initiated and it will take vitamins off the market and they will be considered toxic, but also GNC prices are very expensive and this is most likely why they went bankrupt
@wtfhellas Рік тому
Easy if you're a GNC shareholder or CEO and sitting wondering what happened?..every time I walked into your store I felt like it was a used car dealership, It was irritating to keep getting upsold products the moment I walked into your stores. sad because you had good vitamins.
@RiceGodKick 3 роки тому
Vitamin shoppe has been doing good in jersey
@RichardsWorld 3 роки тому
Besides online businesses killing them, they stopped selling the "hard core" stuff. if you wanted to buy a 'grey area' supplement you had to buy from someone else. After that you just stop even looking to buy something from GNC.
@patrick05020 3 роки тому
What is a grey area supplement?
@RichardsWorld 3 роки тому
@@patrick05020 Something that is not illegal, but almost illegal, or in the process of becoming illegal. Some companies find drugs that never completed studies, and they find out they can enhance performance. They were never medication, and are not illegal to have or use. Some examples are in the 90's and 2000's there were prohormones being sold. Several years later the FDA and DEA said they are steroids. Another fine example is DMAAA. It is a like a mild amphetamine. The company that introduced it is still going through the courts of the legality of it. More examples are chemicals that acted like steroids, but aren't steroids. They were sold for many years. Some still are not technically illegal, but the FDA said stop selling them. But if you look hard enough you can find them. Companies like GNC, Amazon, or WalMart used to sell these things, until the FDA gives a warning. But many companies still sell them until it becomes officially illegal.
@patrick05020 3 роки тому
@@RichardsWorld i see. Thanks for the insight! Learning new things everyday.
@19Vxc76 3 роки тому
In the US dietary supplements are not regulated ? Not tested ? Is it just me (European view) or this is playing with fire ? Is the American people ok with this ??
@josephyang4997 3 роки тому
It is not regulated by the FDA, except that supplements cannot make health claims. Like the pills can’t say “This cures cancer!” Honestly, most Americans don’t know. Remember, many Americans still refuse to wear masks during this COVID-19 pandemic. Many Americans also don’t believe in climate change... So not the most educated public.
@patrick05020 3 роки тому
Theyre only tested for a possibility of having something deadly, thats it, other than that its free reign.
@scottwanthony 3 роки тому
It seems like it will be easier for the public to “Live Well” if GNC dies. I hope they slip into chapter 7 bankruptcy and go away. If a certain Utah Senator Hatch goes away or quits blocking reasonable efforts to protect the public from unsafe supplements, that would also help.
@joshuaruiz3544 3 роки тому
Rocks discount and vitamins
@Phyllyps-Levine 3 роки тому
GNC overcharged for products you can buy in bulk and capsulate yourself. I learned this about a decade ago. I am so much healthier due to a Keto diet and supplementation. Also thanks to Dr. Eric Berg, Dr. Mercola among others on UKposts!
@laurenconrad1799 3 роки тому
I went into their stores a few times and they always asked me for my email address. It was awful. I’m not giving out my email address inside a brick and mortar store.
@jonnykool9931 3 роки тому
Every clothing store I go into asks for my Email. Now I buy on Amazon and half the stuff I get is trash lol.
@wtfhellas Рік тому
politely say no thanks and that usually does it. if they go on and on about refunds,,no thanks
@MOJOJONO 3 роки тому
Private equity firms... great. Even our OTPP partnered up with another PE firm to buy GNC, from another PE firm who purchased them, and then IPO'd half of their position back in 2010. I don't know if OTPP got out eventually. As for complaints about a "Chinese company" picking them up. No other bids. Enough said. Either let it fail for getting gutted by PE firms and mismanagement and let creditors go to zero or somebody else pony up the cash to take them out.
@Monicagellerazz 3 роки тому
I alway price match with Amazon whenever I go there!
@Wankerstew 3 роки тому
For what it’s worth they price match... Amazon, Vitamin Shoppe, Bodybuilding.com and others. So if you still want to brick and mortar shop you can hold them accountable for fairer prices. Online prices for quality product aren’t great either for what it’s worth.
@johnbeechy 3 роки тому
plus the fridges onsite would handle the daily fresh fruits and foods. but GNC never moved to fresh food onsite a missed Opportunity.
@JamesRendek 3 роки тому
I worked there. They were not competitive and greedy as hell. Amazon could have beaten them under any circumstances. I wanted to help people, they just wanted me to sell, sell, sell. Many of the customers were driven by Woman's World magazine of all stupid things. Mention a product in that magazine and people would queue up for it. No one cared what worked, only what corporate wanted to push that week. You could tell people the weight loss products were BS but they wanted to believe so bad they'ed buy them at any price. Helping people was nice when it rarely worked but most people are resistant to help and good information.
Do Multivitamins Work? The Truth Behind the Supplement Industry| Between the Lines with Palki Sharma
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