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
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