This week’s guest author is Roseann “Ro” Shales, Vice President of Sales, JIC Nation, a 3-year old e-commerce party plan company. Ro built a $12M organization with Tupperware then moved into corporate management with Weekenders USA, PartyLite, and JAFRA Cosmetics. She was an Executive Consultant, Party Plan Expert, with The Sheffield Group and is the author of “RECRUIT! Connecting with People to Change Your Business and Your Life.”
Guest Post by Roseann “Ro” Shales
Could ‘Facebook Live’ Change The Game?
The participants at the U.S. Direct Selling Association’s Business & Policy Conference a few weeks ago listened to an important speech.
The speech was given by the Federal Trade Commission’s Chairwoman Edith Ramirez. It was dedicated to the FTC vs Herbalife Settlement and more importantly, how the Commission would take it from there.
Highlights From What Edith Ramirez Said
Natura is a Brazilian cosmetics direct seller that was established in 1969. It is definitely not a newcomer. However, mostly because its operations were focused only in Brazil for many years, it is not as known as the world’s other larger direct selling companies.
However, it is the 8th largest player in the global industry as of 2015 year-end. Last year, Natura’s total sales was more than USD 2.4 billion. To compare, Natura’s sales volume is higher than companies’ like Tupperware, Nu Skin, Oriflame, Jeunesse or USANA that are familiar names to many.
Ambit Energy once again has been named a leading retail electric provider, based on an annual customer satisfaction study by J.D. Power.
Youngevity International Inc. (YGYI—OTCQX) on Thursday said revenue rose 10 percent to a record $42.5 million in the second quarter, compared to $38.7 million in the same period last year.
Primerica (NYSE: PRI) beat analyst estimates with second quarter earnings growth of 8 percent on total revenue of $379.2 million, compared to the second quarter of 2015. Operating revenue jumped 7 percent to $375.8 million for the quarter.
Natural Health Trends Corp. (NHTC—NASDAQ), a marketer of personal-care and wellness products under the NHT Global brand, has logged another quarter of double-digit revenue growth.
In the quarter ended June 30, 2016, revenue climbed to $80.4 million, up 15 percent from the prior-year period. The California-based company does the bulk of its business in Hong Kong, where revenue was up 13 percent to $73.3 million. Outside Hong Kong, revenue rose 43 percent to $7.0 million, compared to $4.9 million a year earlier.
Earnings slipped to $12.2 million, or $1.07 a share, from $12.3 million, or 98 cents a share, in the second quarter of 2015. Income reflects a $2.4 million tax provision for expected partial repatriation of profits from international operations. Excluding the tax, income increased 19 percent to $14.6 million, or $1.29 a share.
The company said it repurchased $23.7 million of its common stock in the first half of 2016.