Vitamin Shoppe Q3 sales and profit up; on track to open 48 stores
North Bergen, N.J. — Vitamin Shoppe reported Wednesday that net income for the quarter ended Sept. 24 rose to $11.9 million, compared with $7.2 million for the same period last year.
Sales increased 11.5% to $208.9 million, from $187.4 million last year. Same-store sales rose 7.1%. The company opened 10 stores during the quarter, and expects to open 48 new stores in this fiscal year and another 52 locations in fiscal 2012.
Bestbuy.com to offer free holiday shipping
Minneapolis — Best Buy Co. announced Tuesday that it will waive the minimum purchase limitations and offer free shipping on its complete inventory of 400,000 website items from Nov. 1 through Dec. 27.
"Consumers are looking for value, service and savings this year, and our goal is to provide them with convenient, creative and less costly ways to make the holiday shopping experience more enjoyable," said Barry Judge, executive VP and CMO, in a statement.
Best Buy also is offering same-day store pickup, shipping of online orders to stores and relaxed restrictions on returns in order to boost sales during the holiday shopping period.
Toys ‘R’ Us to debut in Poland
Wayne, N.J. — Toys “R” Us said Wednesday it will make its debut in Poland at the end of November, opening a store in Warsaw.
The company, which currently operates 300+ stores in Europe, said it will add several additional locations in major cities throughout Poland in 2012.
Toys “R” Us opened a corporate headquarters for its Poland operation in Warsaw in August, employing approximately 25 people who function in merchandising, marketing, human resources, store operations and finance roles. The new 25,000-sq.-ft. store in Warsaw will be located in the Blue City Shopping Center and will create approximately 30 additional local jobs. To stock the new store, the company will utilize its existing European distribution channels.
The debut Warsaw store will also feature a small Babies “R” Us section in order to create a one-stop shopping experience the company says is consistent with its integrated strategy across the globe.