Popular health retailer permanently closes at Square One in Mississauga

Mississauga shoppers unfortunately have one less store to choose from for their health product needs.

Popular health retailer GNC has permanently closed the doors to its Square One location.

The closure comes as little surprise — in 2020, GNC filed for bankruptcy in the United States, with plans to close 29 locations in Canada (including 14 in Ontario).

GNC has previously closed its locations at Erin Mills Town Centre and Creekside Crossing in Mississauga.

In a statement posted to its website, GNC said it has been under financial pressure for years and was making progress until the COVID-19 pandemic – which forced numerous retailers to shut down – created a situation where the company was unable to accomplish its refinancing.

“As a result, we felt the best opportunity for us to continue to improve our capital structure and address certain operational issues was to restructure through a Chapter 11 reorganization. This gives us the opportunity to improve our balance sheet while continuing to advance our business strategy, right-size our corporate store portfolio, and strengthen our brands to protect the long-term sustainability of our company,” the company said.

Photo courtesy of GNC on Instagram