MARKETING/SOCIAL MEDIA

Vitamin Shoppe takes top customer satisfaction ratings

BY Dan Berthiaume

North Bergen, N.J. — The Vitamin Shoppe has been recognized as the top-rated vitamin store and top-rated vitamin store brand based on consumer satisfaction in ConsumerLab.com’s 2014 survey of vitamin and supplement users. Each year, ConsumerLab.com, a provider of consumer information and independent evaluations of products that affect health and nutrition, surveys its subscribers about the vitamins and supplements they use.

"We are beyond thrilled that ConsumerLab.com subscribers have voted the Vitamin Shoppe as their favorite vitamin store for the sixth time and their favorite vitamin store brand for the third time," said Tony Truesdale, CEO, The Vitamin Shoppe. "This recognition truly speaks to the strength of the Vitamin Shoppe brand, and demonstrates our commitment to being consumers’ first choice for their health and wellness needs."

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FINANCE

Cabela’s closes funding facility with Royal Bank of Canada

BY Dan Berthiaume

Sidney, Neb. — Cabela’s Inc. has renewed a variable funding facility with Royal Bank of Canada for an additional three years and the commitment under the variable funding facility has increased from $350 million to $500 million. The variable funding facility relates to an outstanding series of variable funding notes issued by Cabela’s Credit Card Master Note Trust.

The securitization transaction and the variable funding facility will help finance the growth of Royal Bank of Canada’s credit card portfolio. Cabela’s Credit Card Master Note Trust has also completed the sale of $300 million of asset-backed notes, Series 2014-I.

“We are very proud to announce the completion of our first publicly offered term securitization,” said Tommy Millner, Cabela’s CEO. “Series 2014-I was well received by the market, and we are very pleased with both the pricing and execution of the transaction. The strong investor demand for the transaction is a testament to the Cabela’s brand and demonstrates the continued quality and strength of the Cabela’s Club Visa portfolio. The issuance of our first public transaction is a huge milestone for our securitization program, and we are excited about the future. In addition to the closing of the term securitization, we have renewed a variable funding facility with Royal Bank of Canada and upsized the commitment from $350 million to $500 million to provide continued liquidity for our Cabela’s Club Visa program.”

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OPERATIONS

Office Depot names chief strategy officer

BY Dan Berthiaume

Boca Raton, Fla. – Office Depot Inc. has named Juliet Johansson as executive VP and chief strategy officer, effective immediately. Johansson is a member of Office Depot’s executive committee and reports to Roland Smith, chairman and CEO of Office Depot Inc.

Johansson’s background includes a decade of strategic advisory experience with McKinsey & Company and The Blackstone Group. From McKinsey, she joined Ryder System, where she spent five years in senior roles responsible for strategy, national sales and marketing. Most recently, Johansson served as senior VP, global commercial business for dental implant manufacturer Biomet 3i, a company she advised during her time with Blackstone.

“Juliet brings the ideal mix of advisory talent and practical experience necessary to lead our efforts to define and develop key strategic initiatives,” said Smith. “Her proven track record of developing and implementing strategy in diverse business environments gives me great confidence that she will be instrumental in our work to identify exciting new growth opportunities.”

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