Monthly Archives: November 2015

Hot Business News Today

CVSL Announces Q3 Results – Revenues Up 54% To $37 Million

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CVSL Inc. today announced financial results for its third quarter of 2015. Revenue for the quarter was approximately $37.0 million, up from approximately $24.0 million in the third quarter last year, an increase of 54.0%.   Gross profit margin increased from 54.4% to 59.8%.
“The third quarter was another successful quarter for CVSL,” said Vice Chairman John Rochon Jr.  “With revenues up again, combined with positive trends for both earnings per share and the measures of EBITDA presented in our Form 10-Q, we can see that our strategy of improving and strengthening the companies in our portfolio of brands is continuing to work.  Our core business is showing good improvement as our turnaround efforts are having a positive effect.  We believe that we are now in the position of using CVSL’s earnings primarily to

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Amway Partners Up With Microsoft

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Amway is working with technology major Microsoft to digitise its brick-and-mortar stores. Stores here imply outlets, where Amway distributors can place orders and collect their goods from the company.
There are 154 such Amway stores located in 150 cities in the country, with the company now looking to introduce a digital wall in each of these physical stores that will allow distributors to directly place orders, make payments and pick-up their goods without human intervention.
“This in-store digital platform will be seamlessly linked to the company website that will allow distributors to click and pick either at the store or in their homes,” says Anshu Budhraja, CEO, Amway India.
In other words, this platform would act as an omni-channel retail network, giving distributors the convenience they’ve been seeking, said Budhraja. This model will also be

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