Blyth, Inc. (NYSE: BTH), a direct to consumer company and leading designer and marketer of candles and accessories for the home and health, wellness and beauty products, household convenience items and personalized gifts sold through the direct selling and direct marketing channels, today reported sales and earnings for the third quarter of 2014.
Net sales for the three months ended September 30, 2014 decreased approximately 6% to $90.8 million from $97.0 million for the comparable prior year period.
Blyth’s operating loss for the third quarter was $11.4 million this year versus a loss of $11.5 million last year. Net Earnings Attributable to Blyth, Inc. were $106.2 million for the three months ended September 30, 2014 compared to a loss of $8.5 million in the prior year period. Diluted Net Earnings per Share Attributable to Blyth, Inc. were $6.57 per share for the three months ended September 30, 2014 compared to a loss of $0.53 per share in the prior year period.
During the third quarter, the Company recorded after-tax expenses of $0.04 per share related to the refinancing of its 6% Senior Notes and an after-tax profit from discontinued operations for ViSalus of $7.16 per share this year and $0.04 last year. Normalized earnings from continuing operations were a loss of $9.0 million, or $0.55 per share, in this year’s third quarter versus a loss of $9.1 million, or $0.57 per share, in
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Herbalife To Settle Class Action Lawsuit, Denies Any Liability
by Ted Nuyten • • 0 Comments
On October 31, 2014, global nutrition company, Herbalife Ltd. (NYSE:HLF) entered into a settlement agreement that, if approved by the court, will resolve a class action lawsuit against the company.
The company has been aggressively defending itself against the plaintiffs’ allegations set forth in Bostick v. Herbalife ever since the lawsuit was filed in 2013. Yet, the potential cost, as well as the distraction, disruption and burden of prolonged litigation on the company and its management team, led the company to decide that the terms set forth in the settlement agreement provided the best path for moving forward.
The company notes that the settlement does not contain an admission of liability or wrongdoing and still asserts that the suit has no merit. Additionally, the company notes that the plaintiffs’ counsel acknowledge that a finder of fact could reasonably conclude there is substantial demand for Herbalife product and Herbalife is not in violation of the law.
Mark Friedman, general counsel of Herbalife, stated:
“We are fully confident that we would have prevailed. Settling this matter, however, is in the company’s best interest as it allows us to put it behind us and focus on the future growth of the company.”
About Herbalife Ltd.
Herbalife Ltd. (NYSE:HLF)
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Avon Reports 3rd Quarter Financial Results, Profit Of $91.4 Million
by Tina Williams • • 0 Comments
Avon Products Inc. (AVP) on Thursday reported third-quarter profit of $91.4 million.
On a per-share basis, the New York, New York-based company said it had profit of 21 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 23 cents per share.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The direct seller of cosmetics posted revenue of $2.14 billion in the period, falling short of Street forecasts. Analysts expected $2.15 billion, according to Zacks.
Avon shares have declined 36 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 7 percent. The stock has declined 51 percent in the last 12 months.
Everyday, Avon brings beauty to the lives of women all over the world. At Avon, beauty means finding the right lipstick shade for a customer; providing an earnings opportunity so a woman can support her family; and enabling a woman to get her first mammogram. Beauty is about women looking and feeling their best. It’s about championing economic empowerment and improving the lives of women around the world.
Avon is a company steeped in tradition, grounded by its core values and principles as
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Ariix Introduces Patent Pending Industry Changing Compensation Plan
by Tina Williams • • 0 Comments
ARIIX announces an unheard-of enhancement to the revolutionary ACTIV8 compensation plan: they are offsetting the rising costs of inflation by giving their Representatives a cost of living increase, that went into effect October 22nd.
They know that inflation affects everyone, and like to look at both sides of the issue: not only the higher prices paid for the ingredients used, but how this inflation affects our Representatives.
“As prices rise, you can rest asssured that we have your back, and will make it up to you every way we can.”
Realizing the hard work and dedication it requires to build a business that provides long-term and healthy residual profits, they also know how rising costs eat away at buying power. They are determined to do something about it. Not only is their cost of living increase designed to give an immediate raise but they are also raising the Team Lead Bonus to $36.50, an 8% increase!
“ARIIX is continually looking for ways to provide the best compensation in the industry. Together with the ACTIV8 Compensation Plan, cost of living increases are another strong step in that direction. We realize you work hard for your money, and want to make sure as much as possible stays in your pocket,” says Dr.
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The MORE Project To Host Second Annual World Day Of Giving
by Tina Williams • • 0 Comments
MonaVie and the MORE Project are pleased to announce the second annual World Day of Giving to take place Saturday, November 1, 2014.
This is a day that the company’s distributors, brand promoters, employees, friends and supporters in Utah and around the world can unite and give what they can on behalf of the children and families in need who benefit from MORE Project funds.
The MORE Project, founded by MonaVie and funded by MonaVie and distributor donations, operates in five of the favelas (slums) in Rio de Janeiro, Brazil, where chaos and indecent surroundings reign. To give you a visual, growing up in the favelas entails…
Open sewers in your backyard and no running water
Little opportunity to properly wash daily
Chronic hunger
Violence stemming from police actions or gang wars
Abuse in the home
Having to choose between the offer of sex for money or not eating
The MORE Project’s goal is to transform the next generation by eradicating poverty and conflict present in these undeserved communities, such as violence, drugs, early pregnancy, child prostitution, abandonment and school delay. The MORE Project instills in each child the assurance that their life is valuable and that they can rise above their surroundings. We provide this optimistic feeling in
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QNET Launches Mobile App QNET4U
by Ted Nuyten • • 0 Comments
A wealth of mobile apps is helping shoppers, both customers and business minded people, find the merchandise they want – apps with the right information needed to get the perfect product and business opportunity.
Prominent Asian direct selling company, QNET recently launched a new tool in its sales arsenal called QNET4U – the mobile app that gives prospects the best possible content about shopping and earning with QNET.
QNET4U is mobile app add-on to the already slick QNET presentation, which enables QNET Independent Representative (IR) give prospects a takeaway that has emotion, professionalism and style.
QNET Executive Chairperson Donna Imson, who mooted this idea for an app like QNET4U, especially for prospects, says that by making their company or business available and reachable on mobile, they create a virtual enterprise that benefits both customers and prospects.
“We all know that QNET is the real deal and we are living it already. But convincing a prospect who is weary of direct sales, as we all once were, is one of the greatest daily challenges we face.
“QNET4U wraps-up our best and most up-to-date content and serves it to prospects in a neat app to ensure they see our best side right when they are potentially about
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145,000 Attendees At Dreamforce Where Lyoness Promoted Its Benefits
by Tina Williams • • 0 Comments
In 2014, Lyoness was present on site for the first time and took part in two one-day conference sessions. Category: “The Future of Shopping”.
Every year at Dreamforce its host Salesforce draws attention to several of its partners having innovative ideas. Further, Bernhard Koch and Harald Koch, both Members of the Board of Lyoness Group AG, gave talks about innovations and the strategic development of the Lyoness group of companies.
“At Dreamforce we had the opportunity to present our business idea to a competent audience,” saysBernhard Koch. “This way we received feedback and input from other companies and were able to gather new ideas, which we can put to use to further develop our SME solutions.”
High visibility
Dreamforce is one of the largest software conferences worldwide. More than 145,000 visitors from 90 countries attended the conference and also an estimated 5 Million viewers watched the already 12th Dreamforce via Internet.
This way Lyoness had the chance to use an international platform providing high visibility on a global level to promote its shopping benefits and its customer loyalty program. The company Salesforce hosts the event, which takes place once a year, for the users of its company-owned products.
About Lyoness
The Lyoness Group is dividing its three business
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Immunotec Expanding, Opens New Sales Office In California
by Tina Williams • • 0 Comments
Immunotec Inc. (TSX VENTURE:IMM) is proud to announce the opening of its new Sales Office in Commerce, California, U.S.A. With the considerable growth of Independent Distributors and increased sales throughout the southwestern region of the United States of America, a greater need for support of the regional Independent Distributors has become apparent.
As a result, Immunotec has opened a 7,200 square foot full-service sales facility that is equipped to meet the needs of the Independent Distributors. The office officially opened for business on Monday, October 20, 2014.
“Today marks an important day in Immunotec’s history,” stated company CEO, Mr. Charles L. Orr. “Opening this new sales office in the southwestern region of the United States represents the result of the hard work and dedication of our Distributors who are investing in themselves, their families and everyone they touch as they share our mission to make Immunocal the nutritional choice of households worldwide.”
Festivities to celebrate the opening were held throughout the weekend, including the Grand Opening and Diamond meeting on Thursday, October 16, 2014, a Gold Leadership Seminar on Friday, October 17, 2014 and a University training day on Saturday, October 18, 2014 attended by more than 400 Immunotec Independent Distributors.
About Immunotec
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Warren Buffett Elects His Financial Assistant As Pampered Chef’s New CEO
by Tina Williams • • 0 Comments
Warren Buffett’s financial assistant, Tracy Britt Cool has been appointed as chief executive officer of The Pampered Chef, a subsidiary of Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B). Ms. Cool will start in her new role effective November 1, 2014.
Buffett’s comment on Cool’s appointment
“I couldn’t think of a better leadership duo at the helm of The Pampered Chef.With Tracy’s experience helping Berkshire companies reach their full potential and Doris’ passion for both The Pampered Chef’s consultants and products, I see great things in the company’s future,” said Mr. Buffett in a statement.
Cool has been working as financial assistant to Mr. Buffett at Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) for five years. Some of her responsibilities at the conglomerate include conductinginvestment research, analyzing acquisition opportunities and providing advice to subsidiaries in different industries.
According to Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B), Ms. Cool will continue to serve as chairman of Benjamin Moore, Larsom-Juhl and Oriental Trading Company. She will also continue to serve on the board of H.J. Heinz Company.
Cool served as advisor to The Pampered Chef founder
The Pampered Chef is the largest direct seller of high-quality kitchen tools in the United States. The company was established by its chairman Christopher Doris, who served as interim CEO since
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Isagenix Man Loses Close To 300 Pounds
by Tina Williams • • 0 Comments
People respond in big ways when they hear the number 276, especially when it’s associated with weight loss.
Michael Thorn, 43, is one of those rare individuals who can say they have lost more than half their body weight.
Two years ago, Thorn weighed 505 pounds.
Looking back, he said faith, a plan and accountability to a coach saved his life and made him the person he is today.
“A lot of times, people that are 505 pounds, they think that it is impossible,” Thorn said. “I am proof that it can happen.”
Thorn is a celebrity in the Isagenix community.
He was the winner in the weight loss solution category of the company’s IsaBody Challenge a year ago and was invited to be on stage at a national convention in Las Vegas, Nevada where he showed off his former belt and clothing.
While on stage, Thorn talks about losing more than 100 pounds in 11 weeks.
Thorn said the products and the close-knit support community of those who market and sell them made the difference in his life.
“I was supposed to die in December of 2012 anyway,” Thorn said, pointing to the 12 medications he needed at the time. He also had struggled with prostrate cancer.
He said