Financial News

Sales Down at Avon

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By: TOM BRANNA

Editor

Avon Products’ 2013 sales fell 6% to $10.0 billion, according to the direct-seller, with total units down 5% and price/mix up 4%. Total beauty sales fell 7%.  “Looking back at 2013, we made progress addressing tough legacy issues, identifying and beginning to resolve operational challenges, and rebuilding our management team. Although the second half of the year was impacted by both execution and macro-economic factors, I’m pleased that we are making headway toward our financial goals and Avon’...

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