It looks like we are in for a rough year. GNC is on the list of retail companies most likely to announce bankruptcy in 2018. We are in "good" company with Sears and Neiman Marcus.
https://americaclosed.com/retail-bankruptcies-expected-2018-sears-bon-ton-24-retailers-poorest-credit-ratings/
As an employee for the company how worried should I be? I am in the retail sector, in charge of a region, they keep telling us we're fine but I have a family to provide for.
GNC Announces Private Exchange of Approximately $98.9 Million Aggregate Principal Amount of its Convertible Senior Notes due 2020 for Shares of its Common Stock
Shares of GNC Holdings Inc. (NYSE: GNC) plunged today after the struggling health-supplement retailer took another step to shore up its finances in the face of a potential bankruptcy. The company came to an agreement with convertible debt holders to buy back debt with company stock, diluting current shareholders in the process.
https://finance.yahoo.com/news/why-gnc-holdings-inc-stock-172300145.html