Vitamin Shoppe Q3 profit rises 37%; on track to open 57 stores in 2013
North Bergen, N.J. — Vitamin Shoppe Inc. reported Tuesday that net income for the third quarter leaped 36.8% to $16.3 million, from $11.9 million last year.
Revenue rose 14.4% to $239 million, missing Wall Street’s expectations of $241.8 million in revenue. Same-store sales surged 9.6%, marking the company’s 28th consecutive quarter of positive comps.
For the current year, Vitamin Shoppe said it expects to open 52 new stores and, for fiscal 2013, the preliminary forecast is to open 57 new stores.
Report: Amazon packages for pick-up at Staples
New York — According to a Monday report by Reuters, Staples will install Amazon lockers inside its U.S. stores, providing consumers an alternative location to receive packages from the online retailer.
According to the report, customers are sent an email code with a pickup code for opening the locker. Shoppers then have three days to retrieve the package.
Office Depot swings to loss in Q3, but results beat Street
Boca Raton, Fla. — Office Depot Inc. reported Tuesday a loss of $61.9 million for the third quarter, compared with net income of $100.9 million in the same period last year. Results still edged analysts’ expectations.
Revenue dropped 5.1% to $2.69 billion, missing Wall Street’s expected $2.89 billion revenue mark.
Revenue for the office supply chain has fallen for the past three quarters.