GNC Holdings Inc. filed for Chapter 11 bankruptcy protection Tuesday with plans to sell and close up to one-sixth of its 7,300 stores worldwide. The GNC vitamin and supplement vendor, -24.69% He blamed the presentation of the slump in sales due to the coronavirus pandemic, demands from faster payment providers, …
Read More »The shift to savings: COVID-19 drives a growing second-hand clothing market
Younger sustainability-minded shoppers and bargain-hunting consumers of all ages who feel the economic pinch of the COVID-19 pandemic are increasingly giving up new clothing for resale items that sometimes still have their labels . In fact, according to thredUP, a leading online second-hand shopping site, an increase in resale demand, …
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