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
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