GNC has appointed senior retail industry executive Michael G. Archbold as CEO and member of the board, effective immediately. Archbold replaces chairman, president and CEO Joseph Fortunato, who is leaving the company and has stepped down from the board.
The Vitamin Shoppe has announced the grand opening of a new distribution center in Ashland, Va., which positions the company for future growth. The new 311,740-sq.-ft. facility began receiving inbound inventory in June and outbound shipments to stores began in September.
Private equity firm Sycamore Partners, which has wrapped up its $391 million acquisition of The Talbots, appointed Michael Archbold, formerly president and COO of Vitamin Shoppe, as CEO and CFO of Talbots.
The recent opening of the 500th Vitamin Shoppe store was heralded as an important milestone for this rapidly growing company but within a few years the nation’s second largest nutritional products specialty retailer could be eyeing 1,000 units.