GNC 2012 Annual Report Download - page 42

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Table of Contents
consist entirely of independent directors, our stockholders will not have the same protections afforded to stockholders of companies that are subject to and
satisfy all of the NYSE corporate governance requirements. Additionally, if we do not comply with such NYSE corporate governance requirement during this
phase-in period, we may be subject to enforcement actions by the NYSE.
Item 1B. UNRESOLVED STAFF COMMENTS.
None.
Item 2. PROPERTIES.
As of December 31, 2011, there were 7,685 GNC store locations globally (including distribution centers where retail sales are made). In our Retail
segment, all but one of our company-owned stores are located on leased premises that typically range in size from 1,000 to 2,000 square feet. In our Franchise
segment, primarily all of our franchise stores in the United States and Canada are located on premises we lease and then sublease to our respective
franchisees. All of our franchise stores in the remaining international markets are owned or leased directly by our franchisees. No single store is material to
our operations.
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