Research shows that while businesses are surrounded by data that could inform and guide their strategy and decision-making, they do not have the systems in place to maximise it. Instead, the majority of firms use outdated tools and models which are simply not up to the task of crunching vast data sets. This data blindness
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Monthly Archives: May 2018
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Inaugural MSP Day to celebrate managed IT services for small businesses
by Ben Lobel • • 0 Comments
Wednesday, May 23 has been declared as the inaugural MSP Day, a chance to celebrate the difference that managed IT services are making to UK businesses. On May 23, competitors will become collaborators, and enemies can be friends (or frenemies at the very least) as the IT industry gets together to share successes, best practices,
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Avon Q1 Sales Up 5% To $1.4 Billion
by Ted Nuyten • • 0 Comments
Avon Products, Inc. (NYSE: AVP), a globally recognized leader in direct selling of beauty and related products, today announced its results for the quarter ended March 31, 2018.
Jan Zijderveld, Avon CEO, said,
“Avon’s first-quarter results were unsatisfactory and do not represent the underlying potential of the business.
During my first 90 days, I have been deeply engaged in a comprehensive review of the Company’s operations, including on-the-ground visits to many of our top markets where I have met with many of our direct selling Representatives.”
Zijderveld emphasized,
“While we are focused on the formulation of Avon’s longer-term plans, we are already implementing near-term fixes that support the success and satisfaction of our Representatives–starting with actions to improve service delivery.
Our long-term mission is clear, to return Avon to a competitive market position, and we are moving with deliberate urgency to design our turnaround plan.”
Highlights for First Quarter of 2018:
Total Revenue increased 5% to $1.4 billion, or 2% in constant dollars1, both including a 6% reporting benefit due to the impact of adopting the new revenue recognition standard required by generally accepted accounting principles in the United States (“GAAP”)
Active Representatives and Ending Representatives declined 4% and 1%, respectively, largely due to declines in Brazil.
Operating
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Enhanzz Appoints Gerhard Reheusser As Vice President Business Development
by Ted Nuyten • • 0 Comments
“Happiness. Swiss made”. The slogan of Enhanzz now becomes reality for Gerhard Reheusser and his family as they add a new chapter to their lives.
As of June 1st, Gerhard joins the corporate team of Enhanzz as their Vice President Business Development. By following Sven & Audrey Goebel’s call, they will relocate to Switzerland to join this upcoming rising star, moving away from Palma de Mallorca to beautiful Lake Lucerne.
Gerhard has been an entrepreneur all his life and a Network Marketer for almost 2 decades. He has reached top positions in 2 Network Marketing companies and is well known for his passion, enthusiasm, great knowledge and love for people.
Gerhard’s reasons to join Enhanzz are obvious: More than 10 years ago, he learned a lot about true Happiness. It became his dream to finally put all puzzle pieces together and create a vehicle that will improve the quality of life of millions of people around the world. For him, this perfect vehicle is the ENHANZZ opportunity.
Gerhard says:
“Because of the trustful, longterm partner- and friendship to the founders Dr. Sven and Audrey Goebel, combined with world class products and services, a very exciting longterm business plan and an amazing corporate team, all built
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Oriflame Sales Down 2% To €334.1 Million
by Ted Nuyten • • 0 Comments
Swedish beauty products company Oriflame on Friday posted lower than expected first-quarter operating profit and said its Russian sales were falling, sending its share price plunging by 16 percent.
Local currency sales increased by 8%, slightly positively impacted by timing of catalogues. Euro sales decreased by 2% to €334.1m (€340.1m). Euro sales amounted to €330.8m* in accordance with IFRS.
Number of registered actives increased by 1% to 3.0m.
EBITDA amounted to €42.1m (€40.4m) and to €46.3m* in accordance with IFRS.
Operating margin was 9.2% (8.8%), negatively impacted by 320 bps from currencies, and operating profit was €30.6m (€29.8m). Operating margin was 10.5%* and operating profit was €34.8m* in accordance with IFRS.
Net profit was €18.7m (€19.5m) and diluted EPS €0.32 (€0.34). The tax rate was unfavorably impacted by approximately 350 bps from withholding tax on extraordinary large intra group dividends during the quarter. Net profit was €21.0m* and diluted EPS €0.36* in accordance with IFRS.
Cash flow from operating activities was €24.9m (€-1.5m) and €24.9m* in accordance with IFRS.
The development in the second quarter to date is approximately -2% in local currency, negatively impacted by timing of catalogues in the CIS as well as conferences in most regions.
*Figures following the adoption of IFRS 15 and IFRS
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Why the Best Storytellers Achieve the Most Brand Awareness
by Syed Balkhi • • 0 Comments
People aren’t interested in logos but they will stop what they are doing to hear a good story.
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Pack Your Parachute Before Taking the Entrepreneurial Leap
by Dan Mallin • • 0 Comments
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Square Acquires Weebly for $365 Million
by Venturer • • 0 Comments
Plus, Fitbit is partnering with Google to send health data to doctors and a free social networking app that connects young girls with female mentors raises $2.7 million.
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Make Yourself Comfortable Inside SeatGeek's Office
by Stephanie Schomer • • 0 Comments
The office is seen, affectionately, as a home away from home, which is perhaps why the company is attracting so much new talent.
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Determining the Best Time to Enter a New Market
by Jeremy Diamond • • 0 Comments
Expansion into new markets can help businesses find new revenue streams and increase brand awareness or stave off competition.