BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Avon, Mary Kay see an employment boom]]>http://www.bloggingstocks.com/2009/06/15/avon-mary-kay-see-an-employment-boom/http://www.bloggingstocks.com/2009/06/15/avon-mary-kay-see-an-employment-boom/http://www.bloggingstocks.com/2009/06/15/avon-mary-kay-see-an-employment-boom/#commentsFiled under: , ,

In order to keep income trickling in, companies the likes of Avon (NYSE: AVP), Mary Kay, and Tupperware are seeing a flux of salespeople -- including professionals forced to take a second job thanks to the recession.

Becke Alexander, the sales manager for Avon, noted that she hears from laid-off bankers and stay-at-home moms every week, but the company is seeing a recent boon from "gainfully employed people worried how long they'll stay that way." In fact, Alexander said, "There are no hobby seekers coming in here. It's people with a legitimate need." This pop in makeup peddlers stems directly from the current economic crisis, but not just from unemployment. A common complaint is that bonuses have disappeared, as have hours, which have forced people to turn to direct sales to make up some cash.

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Avon, Mary Kay see an employment boom originally appeared on BloggingStocks on Mon, 15 Jun 2009 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>avonAVPdirect salesinthenewsmary kayMaryKayrecessionrecession prooftupperwareMon, 15 Jun 2009 11:40:00 EST<![CDATA[Avon is restructuring, and it ain't pretty]]>http://www.bloggingstocks.com/2008/01/09/avon-is-restructuring-and-it-ain-t-pretty/http://www.bloggingstocks.com/2008/01/09/avon-is-restructuring-and-it-ain-t-pretty/http://www.bloggingstocks.com/2008/01/09/avon-is-restructuring-and-it-ain-t-pretty/#commentsFiled under:

Forget about being in the beauty business. This overhaul at Avon Products, Inc. (NYSE: AVP) isn't going to be pretty in the least. As part of its previously announced restructuring plan, 2,400 jobs will be cut and the company plans to save about $430 million per year. The plan will cost $530 million, with $460 expensed through the end of 2007 and the remainder being charged between now and the end of 2009. Additionally, the company's going to write of $110 in inventory as it says it's simplifying product lines by getting rid of low selling products.

This turnaround plan for Avon was announced in November of 2005 and is focused on creating efficiencies in the operation, thereby cutting costs. They're also focusing on the "career opportunity" for representatives and they're trying to make it more attractive.

Avon is one of the oldest multi-level marketing (MLM) companies around. It was established in 1886, a time when door-to-door sales were a common way of purchasing items that were needed. Over time, the business model has evolved to more of home party model and one-on-one selling that doesn't necessarily involve knocking on stranger's doors.

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Avon is restructuring, and it ain't pretty originally appeared on BloggingStocks on Wed, 09 Jan 2008 18:19:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>avonavon productsAvonProductscosmeticsmary kayMaryKaymlmWed, 09 Jan 2008 18:19:00 EST