The Vitamin Shoppe Appoints Michael G. Archbold as Chief Operating Officer and Chief Financial Officer

    NORTH BERGEN, N.J., April 4 /PRNewswire/ -- The Vitamin Shoppe
 announced today the appointment of Michael G. Archbold to the role of Chief
 Operating Officer and Chief Financial Officer. Archbold will assume
 responsibility for the strategic financial functions of the company and
 provide leadership to Store Operations, Information Technology and Loss
 Prevention departments effective April 16, 2007.
     Archbold most recently served as Executive Vice President / Chief
 Financial and Administrative Officer of Saks Fifth Avenue and was poised to
 assume the post of Executive Vice President and Chief Financial Officer of
 Saks Incorporated in early May. Previously, Archbold was Executive Vice
 President and Chief Financial Officer for AutoZone, the nation's leading
 retailer of automotive parts and accessories. He also served as Vice
 President and Chief Financial Officer of the Booksellers Division of Barnes
 & Noble, Inc. from 1996 to 2002, and formerly held various financial
 positions of increasing responsibility with Woolworth Corporation (now Foot
 Locker, Inc.).
     "Mike is bringing to us an incredible depth of experience, a proven
 record of success and most importantly, a passion for retailing, said Tom
 Tolworthy, CEO of The Vitamin Shoppe. "More than ever, The Vitamin Shoppe's
 growth opportunities abound as a result of our constant dedication to
 remaining the leading specialty retailer and direct marketer of vitamins,
 minerals, herbs, supplements, sports nutrition and other health and
 wellness products, he said. "Mike's addition to our executive leadership
 team will certainly energize our potential and maximize the opportunity
 before us," Tolworthy added.
     The Vitamin Shoppe, which was founded in 1977 with a single store in
 New York City, now owns and operates over 300 stores nationwide. Widely
 recognized as an innovator in providing product information, knowledgeable
 health enthusiast associates, and customer education, the company also
 offers a comprehensive web site (www.vitaminshoppe.com) and produces the
 nation's most complete vitamin and supplement catalog.
     The information contained in this press release that addresses future
 results or expectations is considered "forward-looking" information within
 the definition of the Federal securities laws. Forward-looking information
 in this document can be identified through the use of words such as "may,"
 "will," "intend," "plan," "project," "expect," "anticipate," "should,"
 "would," "believe," "estimate," "contemplate," "possible," and "point." The
 forward-looking information is premised on many factors, some of which are
 outlined below. Actual consolidated results might differ materially from
 projected forward-looking information if there are any material changes in
 management's assumptions. The forward-looking information and statements
 are or may be based on a series of projections and estimates and involve
 risks and uncertainties. These risks and uncertainties include such factors
 as: the level of consumer spending for merchandise carried by the Company
 and its ability to respond quickly to consumer trends; adequate and stable
 sources of merchandise; the competitive pricing environment within the
 retail sector; the effectiveness of planned advertising, marketing, and
 promotional campaigns; favorable customer response to relationship
 marketing efforts of loyalty programs; appropriate inventory management;
 effective expense control; geo- political risks; and changes in interest
 rates. For additional information regarding these and other risk factors,
 please refer to our filings with the Securities and Exchange Commission,
 including our annual report on Form 10-K for the fiscal year ended December
 30, 2006.
     Management undertakes no obligation to correct or update any forward-
 looking statements, whether as a result of new information, future events,
 or otherwise. Persons are advised, however, to consult any further
 disclosures management makes on related subjects in its reports filed with
 the SEC and in its press releases.
 
 

SOURCE The Vitamin Shoppe

More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.