Office Depot
Office Depot did not have an easy time in 2017. Around this time, its sales went down by 7 percent to $10.2 billion! Its CEO, Gerry Smith, said that the company plans to offer services too. RetailDive speculates that this move was meant to improve its top-line sales. According to Office Depot, the office supplies retailer has its eyes set on offering a subscription program called “BizBox”. On top of that, it acquired CompuCom, an IT firm.
Office Depot
Vitamin Shoppe
Vitamin Shoppe also shifted its focus on a subscription service and an e-commerce model. Despite these efforts, it still saw a decline of 8.5 percent when it comes to top-line sales back in 2017. RetailDive reports that this can be attributed to the declining popularity of malls and the rise in competition. The retailer stays hopeful that they can improve the tide with events, delivery services, and more categories.
Vitamin Shoppe