Supplement heavyweight GNC’s industry initiative to boost supply chain integrity and defend consumer confidence is gaining momentum, with over 80 different companies involved in the consortium to date, said the company’s CEO.
Growth in categories such as probiotics, protein, and functional foods and strong performance in e-commerce offset some disappointing results and weaknesses in key categories, says Colin Watts, CEO of Vitamin Shoppe.
USANA Health Sciences reported $232.6 million in net sales in its fourth quarter, a 2.1% year-over-year increase. That amounted to $1.83 in earnings per share, but these figures disappointed analysts, and the company’s share price tumbled as a result.
After Whole Foods Market failed to shake its unwanted moniker “whole paycheck” by lowering prices on produce and other items that drive in-store traffic, the retailer is now trying its hand at aggressive promotional campaigns, including digital couponing.
Beefing up supply chain management has been a mantra in dietary supplement industry meetings over recent months. For that to be most effective, it needs to include a consideration of supply partners’ business practices, experts say.