Vitamin Shoppe Announces Opening of New Distribution Center -- New Facility Positions Company for Future Growth
NORTH BERGEN, N.J., Oct. 16, 2013 /PRNewswire/ -- The Vitamin Shoppe (NYSE: VSI), a leading multi-channel specialty retailer of nutritional products, today announced the grand opening of its new distribution center in Ashland, Virginia (Ashland DC). This new 311,740 square foot facility began receiving inbound inventory in June 2013 and outbound shipments to stores began in September 2013. As of October 15, 2013, the Ashland DC was shipping inventory to 56 Vitamin Shoppe stores located in Texas, Oklahoma, New Mexico and Louisiana.
The Ashland DC, which was built to the Vitamin Shoppe's specifications, features state-of-the art conveyor and picking and packing systems to move goods and orders throughout the facility.
Commenting on the opening, Tony Truesdale, CEO stated, "The opening of this distribution center was a large undertaking for the team as we positioned the company for future growth. I am very pleased with our supply chain team and their ability to successfully execute against this significant project. The facility opened on time and on budget." Mr. Truesdale further commented, "We began with shipments to 14 stores and have added delivery to more stores every week. Given the success that we have experienced with the service levels, we expect the Ashland DC to be servicing 120 stores by year-end."
About Vitamin Shoppe, Inc. (NYSE: VSI)
Vitamin Shoppe is a leading multi-channel specialty retailer of nutritional products based in North Bergen, New Jersey. In its stores and on its website, the company carries one of the most comprehensive retail assortments in the industry, including vitamins, minerals, specialty supplements, herbs, sports nutrition , homeopathic remedies, green living products, and beauty aids. In addition to offering 600 national brands, the Vitamin Shoppe also exclusively carries products under the Vitamin Shoppe, BodyTech, True Athlete and MyTrition brands. The Vitamin Shoppe conducts business through more than 630 company-operated retail stores and through its website; www.VitaminShoppe.com. The company also operates 31 stores in the Pacific Northwest under the Super Supplements name. Follow The Vitamin Shoppe on Facebook at http://www.facebook.com/THEVITAMINSHOPPE and on Twitter at http://twitter.com/VitaminShoppe.
Forward Looking Statements
Certain statements in this press release are "forward-looking statements." Such forward-looking statements reflect the Company's current expectations or beliefs concerning future events and actual results of operations may differ materially from historical results or current expectations. Any such forward-looking statements are subject to various risks and uncertainties, including, the risk that the operations of Super Supplements will not be integrated successfully, the strength of the economy, changes in the overall level of consumer spending, the performance of the Company's products within the prevailing retail environment, trade restrictions, availability of suitable store locations at appropriate terms and other factors which are further described in the Company's Annual Report on Form 10-K for the fiscal year ended December 29, 2012 and in all filings with the Securities and Exchange Commission made by the Company subsequent to the filing of the Form 10-K. The Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, unless required to do so by law.
SOURCE Vitamin Shoppe, Inc.