The Vitamin Shoppe closes on acquisition of Super Supplements
North Bergen, N.J. — The Vitamin Shoppe announced that it has closed on the previously announced purchase of Super Supplements, a specialty retailer of vitamins, minerals and supplements for approximately $50 million. The acquisition was funded with available cash.
The transaction was structured as a purchase of Super Supplements’ assets by a wholly-owned subsidiary of the Vitamin Shoppe. Super Supplements is headquartered in Seattle, Washington and operates 31 stores in the Pacific Northwest.
Nielsen global survey finds views of economy improving, but gloom remains
New York — Bad feelings about the global economy persist, with more than half of consumers around the world say the world is in an economic recession, according to a new study by Nielsen.
According to the Nielsen Global Survey of Consumer Confidence and Spending Intentions, 71% of North Americans said they were in a recession in the fourth-quarter of 2012, but this represented a drop in 15 percentage points from the fourth quarter 2011, representing the largest drop in negative sentiments about the economy of any area.
"North America is slowly, but steadily heading in the right direction," said Venkatesh Bala, chief economist at Nielsen’s Cambridge Group division. "Compared with a year ago, North America showed progress toward recovery with a six-point year-on-year consumer confidence increase, driven mainly by a three-point increase in a positive job outlook, up from 37% in [fourth quarter] 2011 to 40% in [fourth quarter] 2012. With continued weakness in Europe and uneven growth in Asia, it may well be that with a brighter job market, the U.S. serves as the critical engine of improved global economic activity in 2013."
Nevertheless, while sentiments in North America had seen significant improvement, bad feelings about the economy were still lower in Asia and Latin America, with 48% and 50% of respondents in those respective areas saying the economy was in recession; those figures represented declines of four and three percentage points compared with third quarter 2012, respectively. But Europeans’ view was still dimmer than North Americans’, with 75% saying they were in recession, unchanged since the third-quarter, while 73% of people in the Middle East and Africa said they were in recession, an increase of one percentage point over third quarter 2012.
UPS improves reverse logistics with Jabil
ATLANTA–UPS has formed a strategic collaboration with Jabil Circuit. UPS’s logistics and distribution business unit and Jabil Aftermarket Services will provide optimized reverse logistics solutions for return and repair programs to high-tech original equipment manufacturers, service providers and enterprises on a global scale.
By combining UPS’s warehousing, transportation, returns management and trade compliance capabilities with Jabil’s reverse logistics planning, repair and call center support, the UPS/Jabil collaboration provides a turn-key supply chain model that can drive efficiencies, reduce vendor complexity and enhance customer service.
“Jabil is excited to collaborate with UPS,” said Hartmut Liebel, chief executive officer, Jabil Aftermarket Services. “By leveraging Jabil’s and UPS’s complementary aftermarket services and logistics expertise, customers now have access to a comprehensive suite of services from one source that meets all of their unique reverse logistics needs.”
The collaboration, supported by Jabil’s and UPS’s integrated systems and capabilities, provides flexible service models that accommodate customer return and repair demands that includes providing high-tech companies with access to strategically-located repair and distribution facilities near their customer base. Specifically, the joint UPS/Jabil reverse logistics portfolio includes: order fulfillment, next and same day transportation, returns processing, whole unit and component repair, assembly, procurement and vendor management, planning and inventory funding, call center and tech support, trade compliance and the use of The UPS Store® locations for product pick-up or drop-off.
“Our customers’ supply chains are becoming increasingly complex,” said Brad Mitchell, president of UPS global logistics and distribution.
UPS and Jabil are uniquely positioned to provide customized local services globally, with 1.8 million UPS pick-up and drop-off locations in 147 countries and 55 Jabil service centers in 21 countries.