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Monthly Archives: April 2018
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How to Add Plants to an Office to Make Employees More Focused and Productive
by Lydia Belanger • • 0 Comments
An interior design expert shares tips for sprucing up your office space, drawing on the philosophy of biophilia.
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This Delectable Donut Shop Has Grown Tremendously — Out of a Car Wash
by Stephen J. Bronner • • 0 Comments
Scott Levine started Underwest Donuts four years ago, and now has a second location at one of New York’s busiest train stations.
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Starting a Franchise But Need Financing? Here's What to Do.
by Lissa Harris • • 0 Comments
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7 Reasons to Never Send Your Deck to an Investor Before You Meet in Person
by Alex Gold • • 0 Comments
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How Machine Learning Is Changing the World — and Your Everyday Life
by Nathan Sinnott • • 0 Comments
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Gmail Just Got a Big Makeover. Here's What's New.
by Rob Marvin • • 0 Comments
Gmail’s web interface is getting a new look packed with AI and security features, including confidential mode, email nudging and hover actions.
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QNET Global Convention In Malaysia Sees More Than 15,000 attendees From 70 Countries
by Ted Nuyten • • 0 Comments
Prominent Asian Direct Selling Company, QNET’s annual convention V-Malaysia 2018 opened here amidst great fanfare in the presence of more than 15,000 entrepreneurs from around the globe.
The high energy five-day convention will see distributors of QNET from all over the world converge at the Subterranean Penang International Conference & Exhibition Centre (SPICE) in Bayan Baru.
The opening ceremony was graced by Penang Chief Minister Lim Guan Eng, Executive Chairman of QI Group, Dato Sri Vijay Eswaran and Deputy Chairman Joseph Bismark.
Also present were QI Malaysia Chairman Tan Sri Megat Najmuddin Megat Khas, QNET Malaysia Chairman, Datuk Pahlawan Tuffile Nawab and several other prominent international business partners of QNET.
In his speech, the Chief Minister commended QNET for their success and achievements for the past 20 years.
“Congratulations QNET on your 20th Anniversary! For 20 years, you have been making waves around the world, empowering entrepreneurs.
From your humble beginning in 1998, the QNET saga is a remarkable story of the hunger for excellence, the thirst for achievements and the farsightedness, courage and determination of its founders in identifying an industry niche and capitalising on core competencies to build QNET into a state-of-the-art direct selling company.”
“Twenty years on, QNET ranks as one of the
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USANA Q1 Sales Up 14.4% To $292 Million
by Ted Nuyten • • 0 Comments
USANA Health Sciences, Inc. (NYSE: USNA) announced financial results for its fiscal first quarter ended March 31, 2018.
Financial Performance
For the first quarter of 2018, net sales were $292.0 million compared with $255.3 million in the prior-year period, or a 14.4% increase year-over-year.
Favorable currency exchange rates positively impacted net sales by $16.4 million for the quarter. Targeted product promotions offered by the Company during the quarter contributed approximately $11 million to net sales and the Company’s launch of its new skincare line, Celavive, also contributed approximately $9 million in incremental sales for the quarter.
The Company’s total number of active Customers increased 1.9% year-over-year to 585,000.
The Company reported net earnings for the first quarter of $28.9 million, compared with net earnings of $21.4 million reported in the prior-year period. Earnings per diluted share increased to $1.19 per diluted share, an increase of 38.4% on a year-over-year basis.
The increase in net earnings was due primarily to higher net sales, lower relative operating expenses and a lower effective tax rate of 34.2% compared to 36% during the prior year period. Costs related to China and the Company’s internal investigation into its China operations were nominal during the first quarter of 2018 as compared to approximately $2.4 million, after tax, during the prior year period.
“We are off to a solid start to the year as
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LifeVantage Receives “Best Place to Work” Distinction
by Ted Nuyten • • 0 Comments
For the second year running, LifeVantage Corporation (Nasdaq:LFVN) has been recognized among the “Best Places to Work” in the direct selling industry.
LifeVantage is a Triple A classified opportunity by Business For Home, the top rank.
“Being a two-time honoree is something we take a great deal of pride in,”
said LifeVantage CEO Darren Jensen.
“The most gratifying part about this particular recognition is that it’s a reflection of how our employees feel about us as a company, and that’s something we put a lot of stock in.”
Direct Selling News partnered with Quantum Workplace – an HR technology company that has been collecting Best Places to Work data for more than a decade across nearly every industry sector – to measure and analyze the industry’s best places to work, specifically by surveying employees.
Particular weight was placed on employee engagement in the study, which has been a longstanding focus of LifeVantage’s. The company – independent of the Best Places to Work survey – just completed its fifth engagement survey in as many years. The LifeVantage human resources department reviews both the annual and historical data with each department once the results come in each year.
“It helps promote a conversation that really helps us be