Network Marketing Company News:
Amway is the new title sponsor of the USA Today Coaches Poll, which establishes the ranking of the top 25 teams in college football. The poll will now be called the Amway Coaches Poll. The American Football Coaches Association Coaches Trophy, the Waterford Crystal football awarded to the national championship team, will also be presented by Amway.
CUTCO/Vector Marketing Corporation has partnered with Purdue University to support the Wounded Warrior Project, a veterans’ service organization that provides programs and services to severely injured service members during the time between active duty and transition to civilian life, and the Riley Hospital for Children at Indiana University Health in Indianapolis. Students in Dr. Scott Downey’s advanced sales and marketing class raised $6,000 as a result of CUTCO in the Classroom, a program that allows students to expand the theoretical knowledge of sales learned in the classroom and gain real-world sales experience by selling CUTCO.
Herbalife reported fourth-quarter net sales of $1.3 billion, reflecting an increase of 20 percent compared to the same period in 2012. Net income for the quarter was $123.5 million. On an adjusted basis, adjusted net income for the quarter was $137.2 million, as compared to 2012 fourth-quarter net income of $112.2 million. For the 12 months ended Dec. 31, 2013, the company reported record net sales of $4.8 billion, an 18 percent increase on 13 percent growth in volume compared to 2012. For the same period, the company reported net income of $527.5 million. View the full press release online.
Mary Kay and members of its independent salesforce joined Georgia’s Coalition Against Domestic Violence (GCADV) in Atlanta recently to advocate for laws that enhance safety and promote justice for domestic violence survivors with Georgia’s lawmakers. This event is part of Mary Kay’s national initiative “Lobbying for Good” and part of the company’s longstanding commitment to prevent and end domestic violence.
WFDSA member Natura Cosmeticos reported its financial results for the year ending on Dec. 31, 2013. The company provided related consolidated statements of income, of comprehensive income, shareholders’ equity and cash flows for the year 2013, including the summary of main accounting practices and explanatory notes. View the full earnings release online.
Global member Oriflame recently reported its year-end and fourth-quarter 2013 financial results. For the three months ending on Dec. 31, 2013, local currency sales decreased by one percent and Euro sales decreased by 10 percent to €371.2 million. The number of active consultants increased by one percent to 3.5 million. For the 12 months ending on Dec. 31, 2013, local currency sales decreased by one percent and Euro sales decreased by six percent to €1.4 billion. View the full press release online.
In additional company news, Oriflame has partnered with the Women’s Tennis Association (WTA) to create a line of products geared toward sportswomen. The new line will be called the WTA Strong is Beautiful Range.
SimplyFun was recently awarded with three Tillywig Toy and Media Awards and a Family Choice Award.
Pending member ViSalus recently announced it has expanded operations to Germany and Austria through its subsidiaries, Vi Germany GmbH and Vi Austria GmbH.