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Vitacost.Com, Inc. (VITC)

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Last Post: 7/2/2014 11:08:52 AM - Followers: 4 - Board type: Free - Posts Today: 0

Vitacost.com is one of the largest online suplment stores around.

ne retailer to add 300 jobs

LEXINGTON - Vitacost.com Inc., a leading online retailer and direct marketer of health and wellness products, will create 300 new jobs over the next five years to double the size of its facility and amount of employees in Lexington, the company announced Thursday.

During a press conference at the company's facility in the Lexington Business Park, Ira Kerker, Vitacost.com chief executive officer, told a group of state and local leaders, including Keith Crisco, N.C. secretary of commerce, that the company needs to expand because sales have increased 25 to 30 percent each year.

"We are a benefactor of New Year's resolutions," Kerker said. "Everyone wants to eat better, lose weight, take their vitamins and take their supplements. Our business model stays relatively flat throughout the year, and the first quarter it steps up 20 percent, and then we grow 3 or 4 percent each quarter."

Vitacost.com, headquartered in Boca Raton, Fla., employs 285 employees at its 112,000-square-foot Lexington facility, which the company bought in February 2007. Investing $11.5 million, the company plans to hire 300 additional employees and add 115,000 square feet to the facility in Lexington.

Kerker said the company, which plans to have its expansion completed by the end of the year, has jobs in manufacturing and distributing, as well as opportunities at its call center in Lexington.

While individual salaries vary job by job, the overall wage for the new jobs will average more than $30,000 a year plus benefits, higher than the Davidson County average of $29,640, according to the office of Gov. Beverly Perdue.

"Competition for jobs is fierce around the country and around the world," Perdue said. "So it is particularly rewarding when a company recognizes our exceptional business climate and tremendous work force by continuing to invest and grow in our state."

Steve Googe, executive director of the Davidson County Economic Development Commission, assisted state officials in getting the company to expand in Davidson County. Googe said the company will get a $450,00 grant from the One North Carolina Fund, as well as a combined match between the city of Lexington and Davidson County.

dignasiak@hpe.com | 888-3657


Read more: High Point Enterprise - Online retailer to add 300 jobs 
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#61   I can't believe this news and uptick. I Bocephus 07/02/14 11:08:51 AM
#60   The stock has corrected sharply after missing the investora2z 11/30/13 06:36:36 AM
#59   The earnings has led to a sharp 10-11% investora2z 08/24/13 07:10:24 AM
#58   The earnings will be released in a few investora2z 08/02/13 10:20:00 AM
#57   I'd really like to see a pullback in boo boo 07/17/13 11:00:56 AM
#56   The strength in the stock has been exceptional. investora2z 07/02/13 10:44:52 PM
#55   There has been improvement in fundamentals of investora2z 05/30/13 10:16:17 AM
#54   http://stocks.us.reuters.com/stocks/keyDevelopments.asp?rpc=66&symbol=VITC.O&tim Penny Roger$ 05/18/12 11:33:10 PM
#53   New $VITC website snapshot.. Penny Roger$ 02/16/12 07:21:32 AM
#52   They should be good imo.. Great place to shop. Penny Roger$ 02/13/12 05:29:42 AM
#51   ~ Wednesday! $VITC ~ Earnings posted, pending or Penny Roger$ 02/13/12 05:29:25 AM
#50   ~ $VITC ~Multi chart fix and [b Penny Roger$ 02/06/12 09:41:29 PM
#49   $VITC ~ Vitacost.com Insane sale today til' midnight~ Penny Roger$ 12/06/11 05:42:18 PM
#48   Vitacost.com, Inc. Names Nachiket Desai as Chief Information Officer Penny Roger$ 11/28/11 06:34:34 PM
#47   Weekly CEO Buys Highlight: PNK, TAT, VITC, SUNS, KRO Penny Roger$ 11/28/11 06:34:29 PM
#46   Vitacost.com Inc. (VITC) CEO Jeffrey Horowitz buys 53,180 Shares Penny Roger$ 11/28/11 06:34:24 PM
#45   Weekly CEO Buys Highlight: NAVR, PNK, WHR, NCMI, VITC Penny Roger$ 11/28/11 06:34:19 PM
#44   More products and customers help pump up revenue Penny Roger$ 11/28/11 06:34:14 PM
#43   Vitacost.com Q3 net income increases Penny Roger$ 11/28/11 06:34:09 PM
#42   Earnings Beats & Misses: (VITC), (CORE), (AAON), (IGT), (ESE) Penny Roger$ 11/28/11 06:34:04 PM
#41   Benchmark Has Hold on Vitacost.com Penny Roger$ 11/28/11 06:33:59 PM
#40   NTRR Narrows Focus to Five Key Areas in Penny Roger$ 11/28/11 06:32:40 PM
#39   Vitacost.com Announces Results for Third Quarter 2011 and Penny Roger$ 11/28/11 06:32:35 PM
#38   $VITC ~ Vitacost.com has cheaper free shipping today Penny Roger$ 11/28/11 06:26:16 PM
#37   i think we are safe not to worry Honest_Devan 08/08/11 10:21:39 PM
#36   $5.66 at noon. This baby is climbing nicely! SRT 07/11/11 12:05:01 PM
#35   LOL, yeah they are the Cabela's of healthy living. Penny Roger$ 07/11/11 02:58:34 AM
#34   this stock is amazing its doing better each Honest_Devan 07/10/11 09:25:39 PM
#33   undervalued imo, volume is kinda low as well. Penny Roger$ 07/07/11 10:24:27 PM
#32   Vitacost regains NASDAQ compliance! SRT 07/07/11 01:46:16 PM
#31   Very true indeed! SRT 07/07/11 10:06:22 AM
#30   Vitacost beats almost anyone's prices anywhere and shipping Penny Roger$ 07/06/11 04:08:43 PM
#29   THIS THINGS ABOUT TO BLOW UP Honest_Devan 06/30/11 11:27:31 AM
#28   great news! Honest_Devan 06/28/11 03:29:16 PM
#27   Vitacost.com, Inc. Receives ELITE Rating for Customer Service SRT 06/28/11 09:32:44 AM
#26   people are buying this is just the beginning Honest_Devan 06/24/11 02:26:11 PM
#25   LOL...well is 4.97 close enough for you... SRT 06/24/11 02:13:37 PM
#24   Would love to see this baby break $5 Flexologist 06/23/11 12:49:15 PM
#23   you know it! I order from here all Honest_Devan 06/23/11 11:40:14 AM
#22   you know it! I order from here all Honest_Devan 06/23/11 11:39:59 AM
#21   you know it! I order from here all Honest_Devan 06/23/11 11:39:56 AM
#20   On fire again this morning!! Its funny, not SRT 06/23/11 10:27:52 AM
#19   Having ordered products from this company before, I SRT 06/22/11 10:51:58 PM
#18   That's what I figured. Thx. Flexologist 06/22/11 01:57:44 PM
#17   didnt file on time Honest_Devan 06/22/11 01:57:12 PM
#16   Why was it delisted previously? Flexologist 06/22/11 01:42:34 PM
#15   up 22% today people know where this is headed! Honest_Devan 06/22/11 01:08:15 PM
#14   Bought in this morning - this baby is Flexologist 06/22/11 01:07:50 PM
#13   Seems to be a very solid company. I'm GALGO 06/22/11 09:17:55 AM
#12   best webstite Honest_Devan 06/21/11 10:24:13 PM
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