Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue March 2015
 •  Zirh’s luxury lounge is a hit at Super Bowl XLIX  •  Dr. Brandt Promotes Cream with Giveaway  •  Moisturizing Product New from TRI-K  •  Nu Skin Just Adds Oil  •  LVMH Continues Luxury Retail Program
Print

A Quarterly Turnaround At Avon Products



Published June 6, 2013
Related Searches: products avon latin quarter
Post a comment
• After months—no years—of bad news, things may finally be turning around at Avon Products, Inc.

The company reported a better-than-expected first-quarter results, helped by higher sales in key markets Brazil and Russia and cost cuts.

Avon said that revenue in the quarter fell 3.5% to $2.48 billion, but was flat when stripping away the impact of currency fluctuations.
Avon’s growth in Latin America and Eastern Europe contrasted with a poor showing in North America and in China, where sales again slid, falling 15% and 31% respectively.

The company is in the process of cutting $400 million in selling, general and administrative costs per year and has cut hundreds of jobs and exited markets like Korea and Vietnam.


blog comments powered by Disqus