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Avon’s Sales Tumble 9% in Q2

Units fall 4% and number of reps slips 3%

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By: TOM BRANNA

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The troubles continue for Avon Products, Inc., as second quarter revenue fell 9% to $2.6 billion. Total units declined by 4% and price/mix increased 3% during the quarter. Active representatives were down 3%. “Avon’s second-quarter financial results are not good and they reflect the complex challenges that Avon faces. We are working to stabilize the top-line, improve cost structure and cash generation, and instill a more disciplined culture of accountability,” said Sheri ...

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