Introduction To Gnc Holdings Incorporated Which Is...

Introduction to GNC The following paper will be discussing GNC Holdings Incorporated which is profiled as a retail-food store. As most people already know, GNC is a leading global specialty retailer of health and wellness products, including vitamins, minerals, and herbal supplement products, sports nutrition products and diet products (Investor, 2011). GNC is a publicly traded company that stays compliant with all the laws, rules, and regulations of the New York Stock Exchange as well as presents information that is in accordance with generally accepted accounting principles (GAAP). All information in this paper will be based off the most recently provide annual report, i.e. 2014. History and Description of GNC In 1935, GNC was a vision that David Shakarian (founder) could not have possibly imagined in his wildest dreams. At that time, David was following his dream of owning a small health food store, despite the perception that health food was a passing fad at the time. The very first store, which all GNC’s owe their credit to, was called Lackzoom and was located in Pittsburgh, Pennsylvania. Although specializing in a food that his father helped introduce in the United States (yogurt), Lackzoom also sold foods such as grains, honey, and â€Å"healthy sandwiches† (Company, 2014). After many hardships and disasters that seem insurmountable, by the 1960’s people began to embrace better nutrition as part of their lifestyle, which meant a growing demand for David’s health foodShow MoreRelatedExploring Corporate Strategy - Case164366 Words   |  658 Pages 22/10/2007 11:54 Page 599 Guide to using the case studies The main text of this book includes 87 short illustrations and 15 case examples which have been chosen to enlarge speciï ¬ c issues in the text and/or provide practical examples of how business and public sector organisations are managing strategic issues. The case studies which follow allow the reader to extend this linking of theory and practice further by analysing the strategic issues of speciï ¬ c organisations in much greater