O’Leary’s son works for Tesla.
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5 Things You Need to Consider Before You Hire More Staff
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Before hiring new staff for your growing team, take a step back and assess your options.
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Planning provides direction, but true business success is driven by steadfast commitment.
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Mannatech Q2 Revenue 2024 Down 14.9% To $27.7 Million
by Team Business For Home • • 0 Comments
Mannatech, Incorporated (NASDAQ: MTEX), (“Mannatech” or “Company”), global health and wellness company committed to transforming lives to make a better world, today announced financial results for its second quarter of 2024.
Second Quarter Highlights
Net sales for the quarter ended June 30, 2024 were $27.7 million, as compared to $32.6 million for the same period in 2023, a decrease of $4.9 million, or 14.9%.
On a Constant dollar basis (see Non-GAAP Measures, below) our net sales decreased $4.2 million, or 12.9%, and unfavorable foreign exchange caused a $0.7 million decrease in GAAP net sales as compared to the same period in 2023. The decline in revenues was principally due to supply chain constraints, items on back order, and some weakening of economic conditions in Asia.
Gross profit as a percentage of net sales decreased to 77.1% for three months ended June 30, 2024, as compared to 78.5% for the same period in 2023, some of the increase in costs were related to increased freight costs related to back ordered items and running some sales promotions on products thereby reducing our margin.
Commission expenses for the three months ended June 30, 2024 decreased by 12.5%, or $1.6 million, to $11.1 million, as compared to $12.7
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Returning to Work After a Long Career Break? Remember These 5 Truths to Bounce Back With Confidence.
by Amy M Chambers • • 0 Comments
Many of us have taken time away from work over the last four years. There are reasons to be anxious about returning, but there are even more reasons to be excited and confident. Here are five of them.
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Squeeze Learning into Your Commute with Headway Premium
by StackCommerce • • 0 Comments
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This Leader Shares How Curb Is Innovating Urban Mobility
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Vishal Dhawan, chief product and technology officer at Curb, is using technology and product development to help transform the taxi industry.
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Avon Products Files For Bankruptcy
by Team Business For Home • • 0 Comments
Avon Products, Inc. (“API”), a U.S.-based non-operational holding company of the Avon beauty brand, today announced that it has initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to address its debt and legacy talc liabilities.
API has not sold products in the U.S. since it divested its North America business in 2016 but remains the holding company of the brand’s non-U.S. operating entities.
Avon’s operating businesses outside the U.S., which continue to advance on strategic initiatives, are not part of the Chapter 11 proceedings, and it is business as usual in Avon’s international markets.
Brazil-based Natura &Co (B3 – NTCO3), which acquired Avon in 2020, has entered into an agreement to purchase the equity interests in Avon’s non-U.S. operations for $125 million in the form of a credit bid, subject to a Court-supervised auction process.
Reflecting its continued belief in the Avon brand, Natura &Co has committed up to $43 million in debtor-in-possession financing that, subject to Court approval, will provide sufficient liquidity to fund API’s obligations during the sale process.
John Dubel, API’s Chairperson, said,
“Today’s action and the proposed sale of Avon’s non-U.S. operations will maximize the value of our assets and enable us to address our
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The Avon Company Reassures Representatives And Customers No Impact To Business
by Team Business For Home • • 0 Comments
The Avon Company, a leading direct seller of beauty products in the United States, Canada and Puerto Rico, wishes to clarify its position in light of recent announcements regarding Avon Products Inc. (“API”).
The Avon Company is an independent entity with no affiliation to Avon Products Inc., and therefore, remains unaffected by the recent developments concerning API. Please note that any recent communications issued by API in which they reference the “Avon” name refer solely to API and not The Avon Company. For clarity, The Avon Company assures its Representatives and customers that its operations, product offerings, and business strategies remain in place.
In 2016, The Avon Company separated from worldwide Avon Products Inc., and now The Avon Company operates independently and markets products in the US, Canada, and Puerto Rico.
On the other hand, Avon Products Inc. markets Avon products worldwide. In 2019, LG H&H, a leading K-beauty & personal care company in Korea, acquired Avon’s North America business and has operated since then. As such, in light of recent news, there is no impact to the Avon US, Canada and Puerto Rico business.
“We understand there is confusion about our business structure and want to reassure our Representatives and customers that The