Avon profit falls 40 pct – Yahoo Finance
But that has been shrinking, squeezed by rapid growth online, which accounts for about 14 percent of cosmetics sales. Fast-growing specialty beauty shops such as Sephora and Ulta Beauty also are pressuring department store cosmetics sales, analysts said. Officials said Fashion Fair has no plans to lessen its focus on department stores, but it also isn’t set to say if it will try to expand into Ulta or Sephora. Its online sales, which make up less than 5 percent of total revenue, are growing quickly, up 17 percent last year. “Our first priority is to ensure we have optimized our business with our existing partners,” said Desiree Rogers, CEO of Johnson Publishing Co. “We believe there is tremendous untapped opportunity with our current footprint.” Much of the revamp has been plotted by Rogers, brought in several years ago as CEO to breathe new life into Johnson Publishing Co. and Fashion Fair Cosmetics. When she arrived in 2010, Rogers, who previously served as social secretary at the White House and is a former executive of Peoples Gas, said she found a business in mourning. Fashion Fair’s creator, Eunice Johnson had recently died.
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Upscale Oasis Salon & Beauty Lounge Delivers Elevated Experience in Beauty – PR.com
Simple and easy booking on Facebook any time of day is available for convenience. We want to transform hair and nail care by offering women a true beauty experience. Weve built a family of experienced stylists who are dedicated to providing our clients with prompt, high quality, comprehensive beauty services in a professional, relaxed and inviting atmosphere, said Ana Dunkers, owner. This luxurious salon, conveniently located at 307B Irvington Avenue in South Orange, NJ, caters to women with all types of hair texture, style, and needs. At Oasis, its all about the complete beauty experience. Its more than just getting your hair or nails done. We use the best products, offer complimentary beauty maintenance products, and provide continuous education to each client to help achieve their beauty goals, said Dunkers. Oasis Salon & Beauty Lounge will celebrate its grand opening, which will include a cocktail party on Friday, September 5, 2014, from 7:00 10:00 pm and a day full of fun events, workshops and giveaways on Saturday, September 6, from 12:00 5:00 pm. Ribbon cutting begins promptly at 12:00 pm on Saturday, September 6.
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Please enter a valid phone number. Please enter your Phone Number. Send Thanks! A link has been sent. Done Avon profit falls 40 pct 12 hours ago Content preferences Done July 31 (Reuters) – Avon Products Inc, a direct seller of beauty products, reported a 40 percent fall in quarterly profit as sales were hurt by increased competition in key markets such as Latin America and the United States. Net income attributable to Avon tumbled to $19 million, or 4 cents per share, in the second quarter ended June 30, from $31.9 million, or 7 cents per share, a year earlier. Revenue fell 13 percent to $2.19 billion, excluding the impact of currency fluctuations. (Reporting by Devika Krishna Kumar in Bangalore; Editing by Savio D’Souza) Company Earnings
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Avon Products (AVP) Continues Dismal Earnings Trend in Q2 – Yahoo Finance
“Ingredients that we found in many common products are known carcinogens or hormone disrupters and can have generally bad health effects,” says Lisa Lee Freeman, editor-in-chief of Shop Smart Magazine. Freeman says often times, people fall victim to marketing. Words like natural, dermatologist recommended, healthy or hypoallergenic have no regulated meaning. So it’s really important to look for chemicals in the ingredient list. For example, many products contain formaldehyde, which is a known carcinogen. “Formaldehyde, as you know, is used to embalm bodies,” Freeman says. “You’ll find it in nail polishes, fake eyelash glues. Many products actually have that.” Triclosen is another one to avoid. It’s an antibacterial agent found in everything from blush to toothpaste.
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Chemicals in Some Beauty Products Could Have Ugly Effect on Your Health – NY1
( IPAR ), Nu Skin Enterprises Inc. ( NUS ) and Coty Inc. ( COTY ), registered declines of 13% and 5% in its Beauty Products and Fashion & Home segment revenues, respectively. On a constant dollar basis, Beauty Products and Fashion & Home revenues declined 3% and 5%, respectively. Adjusted gross margin of this Zacks Rank #3 (Hold) company contracted 30 basis points (bps) year over year to 63%, on account of negative currency translation effects due primarily to Latin America and Europe, Middle East & Africa. This was, however, partly offset by a decline in supply chain expenses, and better mix and pricing, prompted by inflationary pricing in Latin America. Adjusted operating margin contracted 100 bps to 8.5%, as a result of revenue decline related to fixed expenses along with negative foreign currency translation as mentioned before. Region-wise Performance In the quarter, Avons revenues in Latin America fell 16% year over year to $1,053.8 million, while it inched up 1% on a constant-dollar basis. The rise resulted from the acknowledgement of Value Added Tax (:VAT) credits in Brazil along with an increase in average orders, though offset by reduction in Active Representatives. On a currency neutral basis, revenues increased 3% in Brazil and 31% in Venezuela, while it declined 12% in Mexico. Units sold and Active Representatives were down 3% and 6%, respectively, year over year.
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