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Vitamin Shoppe profit tops Street; on track for 50 stores
North Bergen, N.J. -- Vitamin Shoppe Inc. had a tough quarter but its earnings still beat the Street.
The retailer on Wednesday reported second-quarter net income of $14.2 million, down from $16.9 million in the year-ago period, but still topping Wall Street expectations.
The company also said it plans 50 new stores in 2015.
Revenue increased 5.3% to $322.3 million in the period, short of analysts’ forecasts for $327.9 million.
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Retail heavy hitter joins JLL
San Francisco -- JLL has tapped an industry veteran from one of the world’s largest retail chains to drive its global business strategy and cross-border expansion.
The company named David Zoba as chairman of its Global Retail Leasing Board, effective immediately. Zoba brings 30 years of experience to the firm and most recently served as senior VP of global real estate and store development at Gap Inc., which he joined in 2009.