Kalpana Kalpana (Editor)

The Vitamin Shoppe

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Industry
  
Customer service
  
00 1 201-868-5959

CEO
  
Colin Watts (6 Apr 2015–)

Website
  
www.vitaminshoppe.com

Number of locations
  
484 (December 2010)

Founded
  
1977

The Vitamin Shoppe httpslh3googleusercontentcomsGt7ttfTTA0AAA

Type
  
Public (60% privately owned)

Traded as
  
NYSE: VSIS&P 600 Component

Key people
  
Colin Watts, CEO;Brenda M. Galgano, Executive VP and CFO

Products
  
Nutritional supplements

Headquarters
  
North Bergen, New Jersey, United States

Stock price
  
VSI (NYSE) US$ 19.10 -0.20 (-1.04%)24 Mar, 4:02 PM GMT-4 - Disclaimer

Subsidiaries
  
Vitamin Shoppe Procurement Services, Inc.

Profiles

2013 the vitamin shoppe tv promo promo video


The Vitamin Shoppe (formerly Vitamin Shoppe Industries, Inc., stylized as theVitaminShoppe) is an American, New Jersey-based retailer of nutritional supplements. It also operated 3 stores in Canada under the name VitaPath from January 2013 until March 2016. The company provides approximately 8,000 different SKUs of supplements through its retail stores and over 20,000 different SKUs of supplements through its retail websites.

Contents

In 2002, Vitamin Shoppe Industries was sold to an affiliate of Bear Stearns Merchant Banking, a private equity unit of Bear Stearns, for approximately $310 million. The company made $751.5 million in net sales in fiscal 2010 and has a market capitalization of over $1 billion.

The Vitamin Shoppe held an initial public offering on October 26, 2009.

28 october 2009 nyse opening bell the vitamin shoppe


History

Jeffrey Horowitz founded The Vitamin Shoppe in 1977.

Products

The Vitamin Shoppe's retail stores and online sites carry a line of nutritional supplements with supplementary lines, such as Mytrition, Next Step, ProBio Care, plnt and the Bodytech brand of sports supplements. In addition to their own brands, the company carries third-party lines, including professional and specialized lines.

A 2015 study, led by Dr. Pieter A. Cohen of Harvard, found that three supplements — JetFuel Superburn, JetFuel T-300 and MX-LS7 — sold at Vitamin Shoppe contained BMPEA. In response, Vitamin Shoppe removed these products from shelves because the safety of these supplements were in question and may not comply with F.D.A. regulations.

Reception

On January 19, 2007, independent laboratory ConsumerLab.com found 32.8 micrograms of lead per daily serving in Vitamin Shoppe's "Especially for Women" multivitamin. 15.3 micrograms is more than ten times the amount of lead permitted without a warning label in California, the only state to regulate lead in supplements. The amount of lead found was found to cause cancer and death to 29 people nationwide. In the wake of extensive adverse media coverage, Vitamin Shoppe withdrew the product, but in a statement made by CEO Tom Tolworthy denied it had any proof the vitamins were contaminated and asserted that, despite the high lead levels found in the Consumer Labs tests, its vitamins were manufactured in accordance with "good manufacturing practices."

On June 15, 2011, Vitamin Shoppe's Ultimate Woman Gold multivitamin was tested by ConsumerLab.com in their Multivitamin and Multimineral Supplements Review of 38 of the leading multivitamin/multimineral products sold in the U.S. and Canada. This multivitamin passed ConsumerLab's test, which included testing of selected index elements, their ability to disintegrate in solution per United States Pharmacopeia guidelines, lead contamination threshold set in California Proposition 65, and meeting U.S. Food and Drug Administration (FDA) labeling requirements.

References

The Vitamin Shoppe Wikipedia


Similar Topics