Retail Veterans Thrown a Lifeline

Entrepreneur Staff
min read
economy-grim.jpg

Last year was a rough one for retail-sector employees, and 2009 isn't shaping up to be any better. That's a lot of retail veterans without jobs. The more entrepreneurial minded of those laid-off workers will go into business for themselves, putting their honed skills to use in an environment of their own making.

One franchise is looking to capitalize on that abundance of talent. GNC wants to encourage displaced veterans of the retail industry to open their own business in 2009, and to help them along, the company is offering a 25 percent discount off its $40,000 initial franchise fee ($30,000 with the discount).

"Sadly, so many great retail professionals are losing their jobs," says Tom Dowd, GNC's executive vice president of store development, "but at GNC we are excited to announce that we are now offering an incentive to retailers who have been displaced and are looking for a new career path."

Entrepreneur ranked GNC No. 23 overall in its 2009 Franchise 500 and No. 1 in the Supplement category for the fifth consecutive year. The franchise added 237 stores in the last three years and plans to open more than 50 this year.

The supplement and self-care industry is $21 billion large and continues to grow.

More from Entrepreneur

Grow Your Business at Entrepreneur LIVE! Join us on Nov. 16 in Brooklyn, NY, to learn from legends like Danica Patrick and Maria Sharapova, pitch our editors, meet with investors, and potentially walk away with funding!
Register here

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.