US-based vitamins and nutritional supplements retailer Vitamin World is planning to close 122 stores.
This move comes after the company filed for protection under the Chapter 11 Bankruptcy Code in September this year as part of its recapitalisation strategy.
Advisory, lending, and investment firm Gordon Brothers has been appointed to oversee the liquidation process.
Gordon Brothers Retail co-president Rick Edwards said: “This sale offers Vitamin World ‘s loyal customers the opportunity to stock up on their favourite products at significantly lower prices.
“Due to these substantial reductions, we encourage consumers to shop early to take advantage of the best selection of products available while supplies last.”
Following completion of the liquidation process, Vitamin World intends to continue operations at more than 150 stores.
The affected stores include locations in Arkansas, Colorado, Florida, Hawaii, Illinois, New Hampshire, New York, Pennsylvania, and Ohio.
Founded in 1977, Vitamin World is focused on retailing health and wellness products for both men and women.