J. Crew
J. Crew seems to be in the news all the time these days. Following the departure of its CEO in 2018, the company began 2020 by closing six stores in January. These store closures are part of a larger plan to close 30 stores. Last summer, they made the plan public. However, we have yet to learn which locations they intend to close in order to achieve their objectives.
J. Crew
Vitamin Shoppe
Vitamin Shoppe is having problems that are similar to GNC’s. To avoid these issues, they are focusing on e-commerce and developing a subscription service. In 2017, top-line sales totaled $1.2 billion, down 8.5 percent from the previous year. The problem can be attributed to the decline in the popularity of shopping malls and the rise of competitors. We’re hoping that their category expansions, delivery services, and marketing events will help them break out of the rut soon!
The Vitamin Shoppe Store
