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Vitamin Shoppe Files for Chapter 11 Amid Financial Challenges

Prince

Prince

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It pains me that I even need to write this article about some industry news, as I’ve been a fan of The Vitamin Shoppe over many other big retailers for years.

GNC was having massive issues in the past, and I blamed it on their lack of customer service and the fact that they were only pushing products on which they were making the most commission.

But now, The Vitamin Shoppe is going through their own set of financial issues, and it’s a sad day.

Franchise Group Inc. (FRG), the parent company of health retailer Vitamin Shoppe, has filed for Chapter 11 bankruptcy as it seeks to resolve mounting debts and restructuring issues. The company said that they have nearly $2 billion in debt that they cannot get out from under and pay.

Let’s dive a little deeper into the news surrounding The Vitamin Shoppe and see where they go from here.

That said, Josh Schall has done a great job of breaking all this down. You can find his video here if you want his take.

Vitamin Shoppe Files for Chapter 11 Amid Financial Challenges – IronMag Bodybuilding & Fitness Blog

www.ironmagazine.com www.ironmagazine.com
 
Sad to see more iconic stores fall.
 
Yeah screw them and GNC. Awful places. If I need something basic in a pinch, to Walmart I go. Otherwise, ordering online like it’s 2024
 
So I don't go to Vitamin Shoppe much, but the other night I decided to go to my local VS just to see what they had. It was 7:15pm. I go to open the door and it's locked. Odd, since the lights were on, the sign on the door said they closed at 8:30, and there was a worker in there. I shouted something to the worker that was inside, and the kid said "we're closed". I shouted "What? Your sign right here on the door says you close at 8:30?". The kid just laughed.

So yeah, I am not surprised to see this news after that experience last week.
 
If you are member of their rewards program, you can rack up points fast with energy drinks. They have BOGO's and BOGO50's. They are one of the best spots for drinks. They run sales often and for a brick and mortar are a VERY good option. It would be sad to them go as GNC can't compete imo. Unpleasant staff at every GNC I go to. Happy folks at VS.

Some prices are insane but that's how they maintain their business. Their sale prices are fair for brick and mortar.
 
Using the app I check their clearance section on the daily (I have 3 VS's not that far from me) and can often find some pretty sweet deals on clearance or discontinued proteins and then they've started having a BOGO half off sale for anything in the store (not just limited to their brand) twice a year, which depending on the brand can yield some good finds too
 
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