Company News, Financial News

Sales Fall Again at Avon

Results drop 7% to $5.7 billion.

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By: TOM BRANNA

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Executives at Avon Products insist the company is changing for the better, but its Transformation Plan hasn't provided a lift to the top line. Sales fell 7% to $5.7 billion last year, but the company also noted that sales actually increased 2% in constant dollars. Avon reported a net loss of $107 million. Active Representatives and Ending Representatives declined 1% during the year. “We made good progress in the first year of our Transformation Plan, exceeding our cost savings ta...

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