According to an intreview with Reuters:
Amway is looking to rebuild its business in China with the help of improvements such as an online ordering platform for its agents and experience centers, as sales in the country have fallen over the past three years.
Two decades after entering China, the country remains the biggest global market for the Michigan-based firm, representing about 30 percent of its $8.8 billion in total sales last year.
But China revenue has contracted from nearly $4 billion in 2013, to reach 17.7 billion yuan ($2.57 billion) in 2016.
“We’re struggling a bit here now,” Doug DeVos, Amway’s president, told Reuters in an interview late Tuesday in Beijing.
DeVos said the China business was suffering from “a direct selling cycle” and faced growing competition, with more than 90 direct selling companies now
Tag Archive for Revenue
Hot Business News Today
Monat Global Sales Up From $19 Million To $41 Million in 2016
by Ted Nuyten • • 0 Comments
MONAT Global Inc., an entirely owned subsidiary of Alcora Corp. and a U.S. based mostly innovator within the Direct Selling and Hair Care industries, has achieved $41 million in sales in 2016.
In October 2014, Monat Global officially opened their doors for business.
“We have accomplished many milestones to-date”, says MONAT’s CEO Rayner Urdaneta, “but our greatest achievements have been helping people reach their goals, regain their self-confidence, and become better entrepreneurs.”
“We don’t just want them to reach the top, we want to equip them to stay on top with the same drive that brought them there”, says MONAT’s president, Stuart MacMillan.
“As we continue to introduce new products, new tools and new rewards, we are reinforcing for our field leaders that they are in the right place at the right time and
Hot Business News Today
Nerium International Crossed The $1 Billion Threshold
by Ted Nuyten • • 0 Comments
Nerium International crossed the billion-dollar threshold in earnings in just 4 years after its 2011 launch.
Nerium International has shattered industry records with impressive achievements that have catapulted the company from the position of innovative startup to respected relationship marketing and global, anti-aging leader.
The company’s unprecedented success is reflected in Nerium’s cumulative sales of $1 billion after only four short years in operation. Recognized for its historic growth, Nerium was listed as the number one Consumer Products and Services company on the Inc. 500 list of Americas’ fastest-growing private companies in 2015 and whilst also making the Direct Selling News’ Global 100 List for three consecutive years from 2013–2015.
Nerium International also made Women’s Wear Daily‘s list of the top 100 beauty companies in the world in 2015 and ranked number one in the
Hot Business News Today
Legal Shield Add More Than 500,00 Members In 2016
by Ted Nuyten • • 0 Comments
LegalShield, one of North America’s leading providers of affordable legal plans and the IDShield identity theft solution for individuals, families and small businesses, announced today that it has grown its membership base to 1,625,792 members, adding more than 500,000 new memberships in 2016.
LegalShield’s annual LevelUp Convention is currently being held at Cox Convention Center in Oklahoma City. This year’s five-day event began on March 8 and brings together LegalShield’s experienced, new and aspiring Independent Sales Associates from all 50 states and Canada.
They have come together to hear from motivating speakers who share their expertise in owning and running a business, and in marketing for maximum success. Attendees will also get highly specialized professional development training and benefit from networking opportunities.
“I’m so proud of our entire LegalShield family,” said Jeff Bell, CEO of
Hot Business News Today
ForeverGreen Forecasts 10% Growth For 2017
by Ted Nuyten • • 0 Comments
ForeverGreen Worldwide Corporation (FVRG), a leader in the direct marketing industry and provider of unique health-centered products, announced today that in a series of cost cutting initiatives that began at the end of last year, ForeverGreen has embarked on a restructuring exercise to cut expenses and improve productivity.
The company has lowered its fixed costs by about 30% while revenues remain stable. The company anticipates 10%+ growth during 2017, with improved net margins.
“These were necessary steps as the company focuses on delivering higher levels of earnings growth to investors. To this end we have become much more efficient and believe that we can maintain profitability on a monthly basis moving forward.
We have also moved some key management into positions that better fit their skill sets.
Our growth trends for both revenue and earnings are expected to accelerate. This will be a result of growth
Hot Business News Today
Melaleuca 2016 Sales Up 31% To $1.75 Billion
by Ted Nuyten • • 0 Comments
According to very well informed sources Melaleuca has announced that the USA based company experienced a record-setting year in 2016 with annual sales revenues exceeding $1.75 billion in sales, up 31% compared to 2015 ($1.33 Billion)
Melaleuca has become one of America’s most consistent growth companies, for the past 31 years, Melaleuca has experienced exceptional growth. For five consecutive years from 1991 through 1996, the company was listed in the Inc. 500, ranking as one of America’s fastest-growing companies.
Therefore, it is noteworthy that in 2016, Melaleuca grew more in both revenues and customers than in any previous year. Its U.S. and Canadian operations continue to lead in volume.
Melaleuca gained tens of thousands of new customers around the world. There are now more than 1 million households purchasing Melaleuca products on a monthly basis
Hot Business News Today
Avon Products 2016 Sales Down 7% To $5.7 Billion
by Ted Nuyten • • 0 Comments
Avon Products, Inc. (NYSE:AVP), a globally recognized leader in direct selling of beauty and related products, announced its results for the fourth quarter and fiscal year ended December 31, 2016.
“We made good progress in the first year of our Transformation Plan, exceeding our cost savings targets, improving our profit margin, and significantly strengthening our balance sheet.
However, the financial results for the fourth quarter were disappointing, largely due to the decline in Active Representatives and an unexpected increase in bad debt expense,” said Sheri McCoy, Chief Executive Officer, Avon Products Inc.
“As we move into 2017, we are taking actions to deliver more consistent performance across our markets, with Representative engagement remaining a key priority in our growth plan, while navigating continued challenging global economic and political headwinds.”
Highlights for Fiscal 2016:
Revenue declined 7% to
Hot Business News Today
Why Amway Lost $3 Billion In Sales In 3 Year
by Ted Nuyten • • 0 Comments
According to Amway’s Business Brochure:
“More freedom. More flexibility. An Amway independent business offers you a path filled with possibilities, all on your terms. It’s a low-cost, low-risk way to start your own business regardless of your professional background, life experience, or education. You supply the passion and hard work, we’ll provide the training, support, inspiration, and rewards be in business for yourself but not by yourself.”
Fact is that if any business, as in Direct Sales, declines, is not very attractive for a business builder.
Growth is what you need, momentum and a great compensation plan. Amway’s official statement about the decline is: “Market conditions in China”.
However, if you listen to former Amway diamonds and corporate executives, there is an other important issue: the outdated Amway’s compensation plan. In some countries Amway’s presence
Hot Business News Today
Nu Skin Q4 Sales Down 7% To $531 Million
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced fourth-quarter results with revenue of $531.3 million, compared to $572.2 million in the prior-year period. Quarterly revenue was negatively impacted 1 percent by foreign currency fluctuations. Earnings per share for the quarter were $0.69, compared to $0.62 in the prior-year period.
The company’s earnings per share in the fourth quarter included a negative $0.10 impact from a tax charge related to the enactment of a new U.S. tax regulation in December.
The company also reported full-year 2016 revenue of $2.21 billion, compared to $2.25 billion in 2015. Annual revenue was approximately even on a local-currency basis but was negatively impacted 2 percent by a strong U.S. dollar. Earnings per share for 2016 were $2.55, compared to $2.25 in 2015.
The company also reiterated guidance provided at its 2016 investor day in December
Hot Business News Today
XANGO Kicks off Strong 2017 Fueling Business Growth
by Ted Nuyten • • 0 Comments
XANGO, a Triple A (AAA+) classified opportunity by Business for Home, building on the momentum it created in 2016, the company and its distributors have joined forces globally with dozens of large regional meetings to fuel business growth. The results are already pouring in with explosive growth and hundreds of rank advancements.
South Africa’s new distributor signups have swelled more than 300 percent. Canada, has surged.
30 percent in the first six weeks of the year, and Europe recruitment up 30 percent. XANGO is partnering with its distributor leaders for regional meetings throughout Europe in Italy, Spain and the Netherlands.
Most recently, in leading cities such as Mexico City, Bogota, Madrid, Seoul, Milan, Vancouver, Johannesburg, Chungju City, Busan City, San Diego, Cape Town, Hong Kong, Durban, Salt Lake City, San Diego Tucson, Miami and