Blyth Reports Decline

Blyth Inc. (BTH—NYSE), a designer and marketer of candles and accessories as well as health, wellness and beauty products, today reported sales and earnings for the second quarter of 2015.

Net sales for the three months ended June 30, 2015, decreased approximately 16 percent to $88.0 million from $104.2 million for the comparable prior year period.

Commenting on the performance of PartyLite Worldwide, Robert B. Goergen Jr., CEO of Blyth and President, PartyLite Worldwide said, “In Europe, sales declined 15% in local currency while the Consultant base declined 6%, reflecting underperformance in many of our European markets. However, while total year-over-year Consultant count declined in our mature markets, the decline was at a lesser rate in every market when compared to 2014’s second quarter. This is the second consecutive quarter we’ve seen this positive trend.

“In addition, eCommerce sales experienced growth in the quarter. While European profits declined versus last year, the profits include one-time costs to close the Cumbria U.K. candle manufacturing plant and move all candle production to our Batavia, Illinois, Global Center of Manufacturing Excellence. Going forward we expect to show a reduction in costs and to build a platform for improving profitability worldwide.”

Read more about Blyth’s second quarter results here.

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Avon’s Hello Green Tomorrow Tops $5.5 Million

 

Avon Products Inc. recently announced that the Avon Hello Green Tomorrow project, a global fundraising and mobilization program, has topped $5.5 million since its 2010 launch, including $2 million raised in 2012 alone. Avon has contributed the funds to The Nature Conservancy (TNC) and World Wildlife Fund (WWF) to tackle deforestation in Brazil and Indonesia, which are recognized as two of the most critical “hot spots” for deforestation worldwide.

Hello Green Tomorrow raises funds through the sale of special products in more than 50 countries by Avon Sales Representatives and online on Avon eCommerce sites. The company contributes all proceeds to help restore the Atlantic Forest in Brazil, in partnership with TNC, and the tropical forests of Indonesia, with WWF. These forests are among the most threatened in the world, and are important for mitigating climate change, supporting biodiversity and providing for the health and economic well-being of millions of people.

Avon, the company for women, is a leading global beauty company, with nearly $11 billion in annual revenue. As one of the world’s largest direct sellers, Avon is sold through more than 6 million active independent Avon Sales Representatives in over 100 countries.