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Vitamin Shoppe profit flat in Q1; 60 stores on tap
North Bergen, N.J. -- Vitamin Shoppe reported flat net income for the first quarter, at $20.5 million. Sales during the period grew 10.3% to $307.8 million, boosted by e-commerce strength, and same-store sales increased 3.6%.
“We are continuing to make investments in our omni-channel initiative to further enhance our customers overall experience," said Tony Truesdale, CEO.
The company opened nine stores in the quarter, including one in Canada. It said it plans to open 60 new stores in 2014. -
Survey: Two-thirds of consumers to buy gift cards in spring, summer
Washington, D.C. -- More than two-thirds of U.S. shoppers will buy gift cards during the spring and summer seasons, according to a just-released survey by the Retail Gift Card Association.
Buying occasions include Mother’s Day, graduation and weddings. Key findings of the RGCA spring and summer gift card study, which polled more than 1,100 American shoppers, include: