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NBTY Targets Unleashing Growth From Private Label Drag

 
• By Malcolm Spicer

“Where we have opportunities to hold on to” private label business, “we'll hold on to it, but not at any cost,” says President and CEO Steve Cahillane. “Due to private label margins” becomes common refrain in NBTY’s income downturn.

[NBTY Inc.]’s private label business has regressed from pinching its gross margins to strangling its growth, the dietary supplement manufacturer and retailer’s executives explain, saying they want to lower their reliance on store brand operations.

“We'll look to manage as effectively as possible our private label business, and where we have opportunities to hold on to that business, we'll hold on to it, but not...

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