About 70 of Avon Canada's approximately 600 employees were recently informed they are among at least 1,300 additional people around the world losing their jobs with the world's largest door-to-door seller of cosmetics.
Avon lays off about 70 workers
The so-called "instant manicure" takes only five minutes, will never smudge and costs less than $5. It is not press-on nails, but rather, a press-on polish, sold by Avon.
"It's a base coat, two coats of color and a top coat that has been heat-treated and fused together into one layer. It's already cut out to the shape of a nail, so you simply apply it onto the nail bed," Avon representative Rhonda Henderson said.
Henderson said the application dries on contact and lasts up to two weeks, and that the excess peels off the skin, leaving no marks.
Arlington nail technician Tanya Hurst tried the instant manicure.
"You don't have to worry about cleaning up because it comes right off the skin," she said. "Quick, easy -- you could do this in rush hour traffic.
"An instant manicure application takes five minutes, costs $4.99 per set and comes in 10 colors.
"There's no messing up your nails anymore. The problem is solved," Henderson said.
nbc5i.com - Money - Instant Manicure Takes Five Minutes, Costs $5
Avon has invested about $4.8 million in building a new office and warehouse complex in Ukraine."The opening of the new complex that has a floor space of 9,000 square meters covering 3.5 hectares is proof of Avon's dynamically developing business in Ukraine and the company is confident of the development prospects for the Ukrainian market," Tomasz Muras, general director of Avon Ukraine, said at the opening ceremony of the new complex on Tuesday.
With summer coming, the rush to get rid of unsightly stretch marks and cellulite is on.Now there is a new product to help you erase those blemishes.The cosmetics company Avon is touting what it calls a breakthrough treatment to tackle cellulite. It is a cream called Super Shape.Avon claims 57 percent of the women tested reported improvement.
NBC10.com - NewsLinks - Avon Claims New Cream Works Against Cellulite
May 14, 2006A face-off with a Mother's Day motif. Both companies target women, with a focus on working mothers. What else do they have in common? An uncommon boss, especially for a billion-dollar company. The person sitting in the CEO's office at both Avon and Sara Lee is also a working mom.
Avon, US direct-selling cosmetics company, will fire more than 1,300 employees before the end of the year, according to a report filed by Avon with the US Securities and Exchange Commission.
Avon’s board of directors approved this latest initiative to move forward in the company’s “ongoing process to take layers out of the organization,” the report said.
Last November, Avon embarked on a multi-year restructuring program. Since then, the global direct-seller has taken steps to streamline its operation.
Avon , the world's largest direct seller of skincare, cosmetics and accessories, said this "transition year" was moving faster than expected and that it would step up advertising spending worldwide and get back to business in China.
Though analysts remained skeptical, investors liked the news, sending shares higher by 6% to an intraday high of $33.13. Shares closed Friday at $32.61.
Only four days after the Manhattan-based company said it was cutting another 1,300 jobs, Avon turned in earnings of $56.2 million, or 12 cents a share, compared with last year's profit of $172 million, or 36 cents a share. The results included a hefty pre-tax charge of $120 million, or 19 cents a share, linked to the restructuring and substantially more than analysts were anticipating.
The quarter also included $12 million in stock-option costs. Operating margins sunk to 4.3% of sales compared with 13.9% a year ago. Without those, the company said it would have earned 31 cents a share in the latest quarter.Total revenue for the three months ended March 31 rose 6% to $2 billion from $1.88 billion.
Analysts polled by Thomson First Call had expected Avon to post earnings, on average, of 27 cents a share on revenue of $1.89 billion.
Avon profit drops 67% - MarketWatch
More than 25-hundred people are hitting the streets again today in D.C. and Maryland to raise money for breast cancer research and treatment.
They're working to finish either 26.2 miles or 39.3 miles in the Avon Walk for Breast Cancer. Each walker had to raise at least $1800 for the event.
The Avon Foundation plans to announce $5 million dollars in grants today for area groups that help fight breast cancer. That includes money for Food and Friends in D.C. and the American Society for Clinical Oncology in Alexandria, Virginia.Additional funding is being awarded for clinical trials coordinated by Baltimore's Johns Hopkins Medical Center.
The D.C. event was the first in a series of eight walks through October.
wjz.com - Avon Walk For Breast Cancer Enters Second Day
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