Office Depot
Office supplier Office Depot has seen a 7% sales drop to $10.2 billion in 2017. Instead of primarily focusing on retail sales, CEO Gerry Smith says they will also start providing services. This change has already increased the company’s top-line. Office Depot also offers a business-to-business service called “BizBox”, a subscription program.
Office Depot
Vitamin Shoppe
The Vitamin Shoppe is seeing similar issues that GNC is. They have repped up their e-commerce business and have a subscription service in the works, as well, to combat these problems. But, in 2017, its top-line sales were $1.2 billion, an 8.5% drop. The decreased popularity of malls, as well as the increase in competitors, is the reason Vitamin Shoppe is in this predicament today. Hopefully expanding their categories, starting delivery services, and doing marketing events will help pull them out of the rut.
Vitamin Shoppe
