Retailer Vitamin Shoppe Inc. recently interviewed turnaround advisers ahead of reporting disappointing fourth-quarter earnings on Tuesday, WSJ Pro Bankruptcy reported. Among the turnaround firms the struggling supplements retailer has contacted in recent weeks is Alvarez & Marsal. Vitamin Shoppe on Tuesday reported poor fourth-quarter performance. Comparable store sales fell 4.6 percent, during the quarter ended Dec. 31 and declined 6.5 percent for the full year. Net sales fell 11.8 percent to $269 million during the quarter. The supplements retailer also announced that Chief Executive Officer Colin Watts would depart at the end of May. While the Secaucus, N.J.-based supplements retailer is struggling to turn around negative sales trends, the company has relatively little debt, only a $126 million convertible note issue, which matures in 2020, and $12 million drawn on a revolving credit facility.
