Vitamin Shoppe
Vitamin Shoppe is facing the same problem that GNC is suffering from. It has improved its e-commerce business and plans to start offering a subscription service to fix those issues. In 2017, however, its top-line sales hit $1.2 billion, which translates to an 8.5% decline. It looks like the company is suffering from the decline of shopping malls and an increase in the number of competitors. Hopefully, the company will fare better with its category expansion, delivery services, and events marketing.
Vitamin Shoppe
Neiman Marcus
During the 2017 fiscal year, Neiman Marcus experienced a decline in top-line sales amounting to $4.7 billion. It was suggested that they lay off 200 employees and focus on a “Digital First” customer engagement plan. There had been rumors that Hudson’s Bay, a Canadian company, will acquire this high-end retailer. Sadly, this plan did not happen.
Neiman Marcus