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.
Trying to solve the supply chain issues facing the dietary supplement industry is complicated by the muddled state of documentation practices, but there are efforts underway to address the problem.
Complete Nutrition’s new CEO brings operational experience to the hands-on sports nutrition retailer as its seeks to extend its growth curve based on a franchising model.
Private label sales now account for almost one in every ten dollars spent at Sprouts stores, the Phoenix-based retailer revealed this week after posting better-than-expected Q4 results.
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.
Supplement giant NBTY has reported strong sales for many of its flagship brands it its Q1 earnings, and its CEO has dismissed media reports that it will sell its Holland & Barrett retail group.
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.
The top 10 branded processed food companies in the US have lost 4% of their market share in the past five years as smaller, more innovative brands have seized the initiative, says Rabobank.
The notion that food consumers are more committed to transparency than are supplement users is not borne out at the retail level, experts from two natural channel retailers say.
Sales of dietary supplements and herbal supplements are up about 4% and 17%, respectively, for 2015 compared to 2014, according to new data from SPINS provided to NutraIngredients-USA.
Oregon Attorney General Ellen Rosenblum has moved to have the lawsuit she filed against GNC heard in state court, countering a motion filed by the company to have the case moved into federal court.
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.
