VitaminShoppe.com
This article was originally published in The Tan Sheet
Executive Summary
Online vitamin/supplement supplier says a "decrease in marketing expenditures, including the conclusion of several online sponsorship agreements" and "fewer discounts and price promotions" accounted for the 23.3% decline in quarter-to-quarter sales, which totaled $6.6 mil. in the third quarter. Customer count, however, rose 11% to 210,000. The company also trimmed personnel in the period, from 82 to 47, and cut marketing expenditures by about $900,000 to $5.1 mil., according to the firm's 10-Q filed with the SEC. The Vitamin Shoppe Industries subsidiary posted a net loss of $6.5 mil., compared to $6.6 mil. in the comparable 1999 period and $8 mil. the previous quarter
You may also be interested in...
Supplement GMP Warning Letters Make Modest Debut In 2010
Finalization of a settlement between the Federal Trade Commission and Rexall Sundown regarding unsupported cellulite treatment claims for the firm's Cellasene dietary supplement hinges upon approval of two related class action settlements pending in California and Florida, according to FTC
In Brief
Combe sells most of its OTC brands
People In Brief
Perrigo promotes in pricing, planning