J. Crew
J. Crew has recently been in the news for all the wrong reasons. Due to the loss of its CEO a year ago, it had to start 2020 by closing six outlets. As a result of the cutbacks, the corporation aims to close 30 locations in total. During the summer of last year, they made the proposition public. However, we still don’t know whose enterprises they want to close in order to meet their objectives.
Vitamin Shoppe
Vitamin Shoppe has concerns that are similar to those observed at GNC. As a result, they’re focusing on e-commerce and developing a subscription service to address these issues. In 2017, top-line revenues decreased by 8.5 percent to $1.2 billion from the previous year. The current state of affairs is due to malls’ waning attraction and the rise of competitors. With their new product categories, shipping options, and marketing initiatives, we wish them luck in breaking out of their rut soon!