Monthly Archives: March 2015

Hot Business News Today

“75% Of Irelands Direct Sellers Are Female.”

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BusinessAndLeadership.com reports: Figures released from the Direct Selling Association of Ireland (DSAI) have revealed that 75pc of the industry’s 20,000 direct sellers are now female, while 30pc are stay-at-home mums.
Contributing €50m a year to the Irish economy, direct selling is where goods are sold direct to consumers outside of a fixed shop. 

Lynda Mills, director general of the DSAI, said: “There is a new type of female entrepreneur emerging in Ireland – women who are selling products they love and building really strong businesses through direct selling. 
“We are seeing more and more women being attracted to direct selling because it can fit so easily around other commitments – whether it’s children, education or another job.” 

The figures released by the DSAI are based on its survey of its member companies including Amway, Forever Living and

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Medifast Drops To Loss In 4th QRTR As Revenue Plunges

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Weight-loss company Medifast Inc. lost more than $3 million over its fourth quarter as revenue plunged more than 11 percent in earnings released Thursday afternoon.
Owings Mills-based Medifast (NYSE: MED) lost $3.4 million, or 28 cents per share, in its fourth quarter ending Dec. 31 — a year after posting a profit of $5.3 million, or 39 cents per share, in the same quarter.
The company shed more than $8 million in revenue year-over-year, posting $62.3 million in the 2014 fourth quarter. Revenue missed Wall Street estimates averaging $69.4 million in analyst polling from Thomson Financial Network and company stock was down more than 8 percent in after-hours trading.
That revenue drop came as Medifast’s two largest moneymaking divisions lost sales. Revenue plunged 12 percent to $45.7 million at the company’s direct sales channel, Take Shape for

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Tables Turn: The FBI Is Investigating Bill Ackman And His Campaign Against Herbalife

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The FBI and federal prosecutors are interviewing people related to hedge-fund manager Bill Ackman for potential Herbalife stock manipulation, reports The Wall Street Journal.
They’ve asked for documents related to the stock. Neither Ackman nor his hedge fund, Pershing Square, have been served with a subpoena.
Ackman has been publicly shorting Herbalife since December 2012. He has said that the multilevel-marketing nutrition firm is a pyramid scheme and that his hedge fund, Pershing Square, is shorting its stock to zero.
Here’s The Journal on exactly what investigators are trying to figure out in this case:
Prosecutors in the Manhattan U.S. attorney’s office and New York field office of the FBI have conducted interviews and sent document requests in recent months in connection with the investigation, which is looking into whether people, including some hired by Mr. Ackman,

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Jeunesse Closes Out February With Record $65 Million In Sales

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Jeunesse welcomes over 81,000 new Distributors in February. The company continues to surpass previous records, remaining steady on a path of unprecedented sales growth.
The company has just announced an astounding $65 million in sales revenue during the month of February, boosting combined sales figures for January and February up 148% over those months in the previous year.
This new peak in sales revenue occurred just two months after the company’s previous record month in December, 2014, when Jeunesse achieved $61 million in sales and added more than 68,000 new distributors.
The latest announcement also revealed that Jeunesse added a total of 81,252 new distributors in February alone, with over 8,000 new distributors joining on the final day of the month.
Significant growth in the US and Canada markets was particularly noteworthy. Sales

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