11.14.05
Shares in Avon Products Inc. could be overvalued in light of slower unit sales and a lawsuit filed on behalf of its door-to-door sales representatives, according to Barron’s magazine. Avon reported 3% unit sales growth in the third quarter of 2003, compared to almost 13% a year earlier.
The lawsuit, filed on behalf of sales representatives, states that the company shipped products to a former representative in California who did not order them, and then failed to credit her when she returned the products.
The lawsuit, filed on behalf of sales representatives, states that the company shipped products to a former representative in California who did not order them, and then failed to credit her when she returned the products.