Vitamin World, the nutritional supplement chain with nearly 350 stores, plans to file for Chapter 11 bankruptcy as soon as this month, per Reuters.
The reasoning: The company wants to be able to escape some of its most expensive lease agreements, which are hurting Vitamin's World bottom line.
Why it matters: Brick-and-mortar specialty stores like Vitamin World are increasingly becoming obsolete as online stores allow consumers to compare and purchase their products with ease.
