The Vitamin Shoppe
Answers For Every Body
|
|
| Public (60% privately owned) | |
| Traded as | : VSI S&P 600 Component |
| Industry | Retail |
| Founded | 1977 |
| Headquarters | North Bergen, New Jersey, United States |
|
Number of locations
|
484 (December 2010) |
|
Key people
|
Colin Watts, CEO; Brenda M. Galgano, Executive VP and CFO |
| Products | Nutritional supplements |
| Website | www.vitaminshoppe.com |
Colin Watts, CEO;
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 of supplements through its retail stores and over 20,000 different SKUs of supplements through its retail websites.
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.
Jeffrey Horowitz founded The Vitamin Shoppe in 1977.
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.
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."
...
Wikipedia