Vitamin Shoppe
Retailers of vitamins seem to share similar struggles in their sales just like GNC, and now, Vitamin Shoppe. Just like GNC, it has shifted into making their e-commerce business and has also started its own subscription service. However, the company still saw an 8.5 percent drop in its top-line sales in 2017 which is approximately $1.2 billion.
Vitamin Shoppe
RetailDive ascribes this struggle that Vitamin Shoppe and GNC are going through to the decreasing popularity of malls as well as the increasing number of supplement store competitors. Vitamin Shoppe is hopeful that they can turn things around by expanding their categories, doing events, opening delivery services, and many more. However, Neiman Marcus isn’t making a lot of progress in turning things around.
Neiman Marcus
This retailer of luxury clothes saw a 5 percent drop in its top-line sales to $4.7 billion in the 2017 fiscal year. Neiman Marcus tried several things to make some improvements and RetailDive said they seemed to be working. However, the company’s interest expenses are still a huge burden. Other suggested strategies involved cutting more than 200 jobs and making “Digital First,” a customer engagement plan. .
Neiman Marcus
Hudson’s Bay, a Canadian company, considered acquiring Neiman Marcus, the luxury clothing retailer. Sources reported to the WSJ that the two companies were having talks in March. However, the plans of buying the luxury retailer did not work out because Hudson’s Bay was worried about the declining sales of Neiman Marcus. Another store that is affected by the decreasing interest in malls is Bebe
