GNC files for bankruptcy, Macy’s cuts 20% of corp. workforce, Pinterest enters the online grocery foray

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  1. GNC has filed for Chapter 11 bankruptcy protection with plans to close at least 800 to 1,200 stores as it looks to cut its debt and restructure amid the COVID-19 crisis. Story by Marianne Wilson.
  2. Macy’s is looking to save $630 million a year as sales crater amid the coronavirus pandemic by cutting 20% of its corporate workforce. Coverage from Phil Wahba.
  3. Pinterest has entered the online grocery foray. Reporting from Sandy Smith.

Source: GNC files for bankruptcy; plans to sell itself | Chain Store Age

Source: Macy’s cutting another 20% of corporate jobs as the coronavirus pummels sales | Fortune

Source: Pinterest enters the online grocery foray | NRF

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