Commenting on the second quarter results, Chief Executive Officer Robert B. Goergen, Jr., noted, "Our second quarter results were affected mainly by ViSalus's decline in North American promoters versus the prior year. ViSalus management is focusing on rebuilding the North American market through leadership development programs while right-sizing the cost structure in North America to regain profitability, as well as building their international business. In the 2nd quarter, ViSalus continued its geographic expansion initiatives, opening in Ireland, with two additional markets planned to open this year and an additional seven markets in 2015."
Goergen added further that, "PartyLite, has done an excellent job of managing costs, as second quarter profits are only slightly below last year despite a 6% reported sales decline. They continue to focus on a multi-channel strategy, and our investments in technology are helping PartyLite consultants grow their businesses through ecommerce and improved shipping methods. PartyLite introduced the 2014 holiday catalog to North American consultants at its annual conference in late July with great success. This year's catalog includes an exclusive line of products designed in collaboration with Jonathan Adler, the iconic potter-turned-home furnishings designer, as well as new fragrances in our popular PartyLite's SmartScents and Brighter World candles. Based on the enthusiastic response of our Leaders and consultants during this rollout, we expect these products to drive worldwide sales for the remainder of the year."
Goergen continued, "At Silver Star Brands, sales of our health, wellness and beauty products continue to be strong, enjoying double digit growth year-over-year, and its credit program continues to drive both sales and brand loyalty."