GNC & The Vitamin Shoppe CEO Departures | Trouble Ahead for Specialty Supplement Retail Channel?

With New Years revolutionists flooding the market, January is typically the best month for the two largest specialty supplement retailers. Yet, January 2023 might have been a bit different because both GNC and The Vitamin Shoppe had CEO departures. After more than four years, Sharon Leite left The Vitamin Shoppe to become the CEO of Ideal Image (North America’s market-leading aesthetic services brand). She is become replaced (maybe temporarily) by Franchise Group Inc. (parent company of The Vitamin Shoppe) CCO Lee Wright. Then...after more than two years leading GNC out of bankruptcy, Josh Burris left the leading specialty supplement retailer to eventually become the CEO of the fashion retailer Rue21. This CEO departure is a bit more interesting...which you'll hear about why I believe that in the content. So, now you can see what connected together GNC, The Vitamin Shoppe, and January 2023. But is there something happening within the specialty supplement retail channel marketplace dynamics or impending recessionary period that caused these CEO departures? Spoiler alert...things are looking relatively good for the specialty supplement category, but I'll explain why I'm still not bullish on these types of retailers flourishing in 2023? FOLLOW ME ON MY SOCIAL MEDIA ACCOUNTS LINKEDIN - ⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/joshuaschallmba⁠⁠⁠⁠⁠⁠ TWITTER - ⁠⁠⁠⁠⁠⁠https://www.twitter.com/joshua_schall⁠⁠⁠⁠⁠⁠ INSTAGRAM - ⁠⁠⁠⁠⁠⁠https://www.instagram.com/joshua_schall⁠⁠⁠⁠⁠⁠ FACEBOOK - ⁠⁠⁠⁠⁠⁠https://www.facebook.com/jschallconsulting⁠⁠⁠⁠⁠