Retail

Vitamin Shoppe Files For IPO, Again (VSI)

VS HOLDINGS, INC., or Vitamin Shoppe, Inc., has just filed with the SEC to sell up to $143,750,000.00 worth of common stock.  This would mark the initial public offering and the company has applied to take the “VSI” stock ticker on the NYSE.  Underwriters are J.P.Morgan, BofA Merrill Lynch, and Barclays Capital.

This is a specialty retailer and direct marketer of vitamins, minerals, herbs, supplements, sports nutrition and other products.  You have probably seen one of their stores.  It lists approximately 8,000 stock keeping units (SKU) offered in its typical store and an additional 12,000 SKUs on the websites and other direct sales channels.

As of June 27, 2009, it operated 425 stores in 37 states and D.C. in high-traffic regional retail centers, while its direct segment sells directly to consumers through website and catalog sales.

Net sales have grown from $436.5 million in fiscal 2005 to $601.5 million in fiscal 2008 and it has achieved positive comparable store sales for 15 consecutive years.  Its retail sales have grown from $362.2 million in 2005 to $522.5 million in 2008.

Just FYI, this one filed before back in 2007.

JON C. OGG

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.