Turkish businessman Tekin Acar had contracts to open branches of his leading cosmetics chain in ten new shopping malls this year. A few days ago he cancelled nine of them after sharp falls in the lira meant he would struggle to afford the rents. Turkey's currency has lost around a quarter of its value since the middle of last year, causing havoc for retailers selling imported goods or paying rent pegged to the U.S. dollar.
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Here are some companies making big moves or big headlines in the markets this week.
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GameStop and GNC Holdings could double this year -- but they could also be cut in half.
GNC : Summary for GNC Holdings, Inc. Class A Comm - Yahoo Finance
GNC Holdings, Inc. (GNC)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||9.21 - 9.52|
|52 Week Range||9.20 - 35.90|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||3.51|
|Dividend & Yield||0.80 (8.45%)|
|1y Target Est||N/A|