×
40 667
Fashion Jobs
AVEDA
Aveda Advisor - 15 Hrs - Shops at Columbus Circle - New York,ny
Permanent · New York
SHOW MY LINE
Women's Luxury Ready-tO-Wear Production Manager
Permanent · NEW YORK
ESTÉE LAUDER COMPANIES
Latam E-Commerce Project Manager/Product Owner
Permanent · New York
MICHAEL KORS RETAIL INC
Sales Supervisor, Crabtree Valley, Raleigh nc
Permanent · Raleigh
GAP
General Manager - Lenox Square (Kids & Baby)
Permanent · Atlanta
GAP
General Manager - Northbrook Court
Permanent · Northbrook
GAP
General Manager- Stonebriar Mall
Permanent · Frisco
GAP
General Manager - Roseville Galleria
Permanent · Roseville
GAP
General Manager - Central Texas Marketplace
Permanent · Waco
GAP
Merchandise Planner - Boys - Outlet
Permanent · New York
GAP
Unassigned General Manager - Greater Nashville
Permanent · Nashville
ALICE AND OLIVIA
Sales Supervisor - Cabazon Outlet
Permanent · Cabazon
TARGET CORPORATION
Owned Brand Product Design Director, Pets
Permanent · MINNEAPOLIS
LA MER
Manager, Global Supply Chain Operations - Inventory
Permanent · New York
MAC
Business Development – Key Consumer Manager, Mac
Permanent · New York
H&M
Retail Flagship Visual Manager
Permanent · Chicago
JBCSTYLE
Art Director
Permanent · NEW YORK
JBCSTYLE
Sales Operations Coordinator
Permanent · NEW YORK
ESTÉE LAUDER COMPANIES
Manager, Solution Architect- Omni Retail
Permanent · New York
TOM FORD BEAUTY
Vice President, Marketing, Tom Ford Beauty North America
Permanent · New York
ESTÉE LAUDER COMPANIES
Category Insights Manager - Supply Chain
Permanent · New York
ESTÉE LAUDER COMPANIES
Senior Account Coordinator, Estee Lauder Travel Retail – Americas
Permanent · Los Angeles

Avon Products revenue falls short as more sales representatives drop out

By
Reuters API
Published
today Aug 1, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Avon products Inc missed estimates for quarterly revenue on Thursday as it had fewer representatives to sell its products in some of its main markets, with Europe, Middle East and Africa seeing the worst dip in sales.

Total revenue fell 13% to $1.17 billion, missing analysts’ average estimate of $1.24 billion, according to IBES data from Refinitiv - Avon


London-based Avon, which is being bought by The Body Shop owner Natura Cosmeticos SA, has been battling falling sales for four years, hit by stiff competition as well as a drop in the number of sales representatives.

In a bid to turn itself around, the 133 year-old company has been trying to reboot its direct selling business model operations under the “Open up Avon” initiative, which involves training and retaining its sales representatives popularly called “Avon Ladies”.

Despite the efforts, the number of active representatives, who go door-to-door selling Avon cosmetics and creams, dropped 10% in the quarter.

Revenue fell across board. In Europe, Middle East and Africa sales fell 15%. Sales in South America, which the company breaks into “South Latin America” and “North Latin America”, were also down.

Total revenue fell 13% to $1.17 billion, missing analysts’ average estimate of $1.24 billion, according to IBES data from Refinitiv.

Net loss attributable to the company narrowed to $19.5 million, or 6 cents per share, in the quarter ended June 30, from $36.1 million, or 9 cents per share, a year earlier.
Excluding items, the company earned 6 cents per share, beating analysts estimate of 3 cents per share.

© Thomson Reuters 2019 All rights reserved.