Hot Business News Today

Hot Business News Today

Avon Looking To Sell North American Business

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Avon Products has postponed its analyst day, and reports say the company is exploring strategic alternatives. Yahoo Finance has reported that Avon is looking to sell its North American business. This comes after a long downhill slope in sales and business and a difficult 2014 news wise after leaving the DSA. 
Wall Street Journal also reports: 
Avon Products Inc. is exploring options including a sale of the company or its struggling North American business, people familiar with the matter said, an acknowledgment that its problems are more than skin deep. 
The door-to-door beauty company, with $8.9 billion in annual sales and more than a century of history, has tried without success for years to repair weak financial results and stem an exodus from its ranks of sales representatives.
Chief Executive Sherilyn McCoy was to outline her latest plans for a

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India’s Eureka Forbes Switches from Direct Selling to Retail

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Thirty-three years after stepping into the market with a door-to-door, direct sales business model, the water purifier brand Aquaguard will now shed it’s business model for a presence in brick and mortar stores.
The move is significant since the Shapoor-Pallonji-Group-owned Eureka Forbes had avoided taking Aquaguard, its flagship water purifier, into retail stores in the past, launching a value-for-money product called AquaSure instead, for retail stores.
In the new scheme of things, Aquaguard will be available in modern trade and upscale general retail outlets, while AquaSure will target mom-pop stores. Aquaguard will be priced between Rs 8,990 and Rs 22,990, while AquaSure will be available between Rs 6,490 and Rs 20,990.
Eureka Forbes has also just launched a new premium water purifier called Dr Aquaguard that will provide customised water solutions based on consumer needs. This will be pushed through direct sales only, says

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USANA Announces Plans To Open Indonesia Market

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As the direct selling industry continues to boom around the world, USANA Health Sciences, a global nutritional company, announced that it will commence operations in Indonesia later this year. Headquartered in the Jarkarta Central Business District, USANA’s presence in Indonesia will mark USANA’s 20th market worldwide.
“As we continue to build USANA’s global brand, we’re thrilled to open our doors in Indonesia,” said USANA President, Kevin Guest.
“International growth is important to the vision of USANA, and we look forward to offering our Associates the opportunity to build in this promising market.”
Direct Selling in Indonesia

Broke into the Direct Selling’s Billion Dollar Market in 2011, with $1 billion in total sales and 10 percent total sales growth over 2010 statistics
Estimated 8.3 million residents are direct sellers
Fourth most populous country in the world
Fifth fastest growing

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