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A Challenging Year for Avon

Revenue down 5% to $10.7 billion.

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By: TOM BRANNA

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Avon Products, Inc. said 2012 revenue fell 5% to $10.7 billion. Total beauty sales declined 5%, while active representatives declined 1% and units sold were flat. “2012 was a challenging year for Avon, but I’m encouraged to see that the overall business is showing early signs of stabilization,” said Sheri McCoy, chief executive officer. “We have a lot of work ahead of us, but I am confident that in 2013, we will see progress against our three-year financial goals.&...

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