This document summarizes information about the top four direct selling companies by annual revenue, which are referred to as the "billion-dollar club". It provides details about each company's annual revenue, business model, products offered, and their perspectives on continued growth despite the global economic crisis.
The 2018 Dividend Aristocrats List: 25+ Years of Rising DividendsSure Dividend
The Dividend Aristocrats are a group of elite dividend stocks with 25+ years of rising dividend payments. You can download an Excel document containing the financial characteristics of every Dividend Aristocrat here: https://www.suredividend.com/dividend-aristocrats-list/
The Dividend Aristocrats discussed in the presentation are listed below (sorted by sector):
Consumer Staples
Archer-Daniels-Midland (ADM)
Brown-Forman (BF-B)
Colgate-Palmolive (CL)
Clorox (CLX)
Coca-Cola (KO)
Hormel Foods (HRL)
Kimberly-Clark (KMB)
McCormick & Company (MKC)
PepsiCo (PEP)
Procter & Gamble (PG)
Sysco Corporation (SYY)
Wal-Mart (WMT)
Walgreens Boots Alliance (WBA)
Industrials
A.O. Smith (AOS)
Cintas (CTAS)
Dover (DOV)
Emerson Electric (EMR)
Illinois Tool Works (ITW)
3M (MMM)
Pentair (PNR)
Roper Technologies (ROP)
Stanley Black & Decker (SWK)
W.W. Grainger (GWW)
General Dynamics (GD)
Health Care
Abbott Laboratories (ABT)
AbbVie (ABBV)
Becton, Dickinson & Company (BDX)
Cardinal Health (CAH)
Johnson & Johnson (JNJ)
Medtronic (MDT)
Consumer Discretionary
Genuine Parts Company (GPC)
Leggett & Platt (LEG)
Lowe’s (LOW)
McDonald’s (MCD)
Target (TGT)
V.F. Corporation (VFC)
Financials
Aflac (AFL)
Cincinnati Financial (CINF)
Franklin Resources (BEN)
S&P Global (SPGI)
T. Rowe Price Group (TROW)
Materials
Air Products and Chemicals (APD)
Ecolab (ECL)
PPG Industries (PPG)
Praxair (PX)
Sherwin-Williams (SHW)
Nucor (NUE)
Energy
Chevron (CVX)
Exxon Mobil (XOM)
Information Technology
Automatic Data Processing (ADP)
Real Estate
Federal Realty Investment Trust (FRT)
Telecommunication Services
AT&T (T)
Utilities
Consolidated Edison (ED)
The 2018 Dividend Aristocrats List: 25+ Years of Rising DividendsSure Dividend
The Dividend Aristocrats are a group of elite dividend stocks with 25+ years of rising dividend payments. You can download an Excel document containing the financial characteristics of every Dividend Aristocrat here: https://www.suredividend.com/dividend-aristocrats-list/
The Dividend Aristocrats discussed in the presentation are listed below (sorted by sector):
Consumer Staples
Archer-Daniels-Midland (ADM)
Brown-Forman (BF-B)
Colgate-Palmolive (CL)
Clorox (CLX)
Coca-Cola (KO)
Hormel Foods (HRL)
Kimberly-Clark (KMB)
McCormick & Company (MKC)
PepsiCo (PEP)
Procter & Gamble (PG)
Sysco Corporation (SYY)
Wal-Mart (WMT)
Walgreens Boots Alliance (WBA)
Industrials
A.O. Smith (AOS)
Cintas (CTAS)
Dover (DOV)
Emerson Electric (EMR)
Illinois Tool Works (ITW)
3M (MMM)
Pentair (PNR)
Roper Technologies (ROP)
Stanley Black & Decker (SWK)
W.W. Grainger (GWW)
General Dynamics (GD)
Health Care
Abbott Laboratories (ABT)
AbbVie (ABBV)
Becton, Dickinson & Company (BDX)
Cardinal Health (CAH)
Johnson & Johnson (JNJ)
Medtronic (MDT)
Consumer Discretionary
Genuine Parts Company (GPC)
Leggett & Platt (LEG)
Lowe’s (LOW)
McDonald’s (MCD)
Target (TGT)
V.F. Corporation (VFC)
Financials
Aflac (AFL)
Cincinnati Financial (CINF)
Franklin Resources (BEN)
S&P Global (SPGI)
T. Rowe Price Group (TROW)
Materials
Air Products and Chemicals (APD)
Ecolab (ECL)
PPG Industries (PPG)
Praxair (PX)
Sherwin-Williams (SHW)
Nucor (NUE)
Energy
Chevron (CVX)
Exxon Mobil (XOM)
Information Technology
Automatic Data Processing (ADP)
Real Estate
Federal Realty Investment Trust (FRT)
Telecommunication Services
AT&T (T)
Utilities
Consolidated Edison (ED)
Specialty Retail Clothing Industry Evaluationjschiff47
Our team was asked to evaluate the specialty retail clothing industry and decide if United States based companies would be able to survive the current environment. Next, we were asked to discuss specific companies that have positioned themselves for future success, and give recommendations on how businesses can survive and thrive going forward.
Corporate Communications Final Presentation. We were asked to research all aspects of a company of our choice throughout the semester. I researched everything from current industry trends to annual reports and figures.
J Crew in 2014: Will it turn around Strategy improve Its Competitiveness?Tran Thang
The presentation about J Crew study in the link below:
http://www.slideshare.net/TranThang6/j-crew-in-2014-will-it-turn-around-strategy-improve-its-competitiveness-58553487
Five 'unheard' of businesses that beat warren buffett's berkshire hathawayWalter Hin
Warren Buffett record is impeccable which makes him the richest investor in the world.
However, did you know the ordinary retail investor can beat the Oracle of Omaha at his own game?
Here is a list of companies in the past that have done just that!
Enjoy!
This is a brief review of Campbell soup's 10K. It is driven by questions to help you find the most important parts in a 10K report. All the questions are answered.
Billion Dollar Lessons Learning From Others Failuresjdbsf
Paul Carroll, Wall Street Journal correspondent and editor over 17 years, co-author of the best-selling book Billion Dollar Lessons, offers insights from extensive research on what we can learn from the most disastrous business failures of the last 25 years. Paul spoke at the City Club of San Francisco in January 2009, at my suggestion.
We are living in the world dominated by technologies driving huge disruption in our life and economy. There are lots of opprotunites from new paradigms.
Billion Dollar Startups - "Unicorns" - the WSJ keeps track of them (graphics.wsj.com/billion-dollar-club). We made a DataFox list of the 59 private companies with Billion Dollar+ valuations (based on most recent funding round) and uncover some insight.
-Total Funding
-To Private Investors
-Top Sectors
-Top Locations
-Which company has raised the most private funding?
You can access the full list by searching for "Billion Dollar Startup Club" on DataFox.
Link: bit.ly/datafoxunicorns
As a bonus, we've made all the data available on a Google Doc.
Download here: bit.ly/unicornspreadsheet
Building Billion Dollar Product Companies from India - Management report by J...ProductNation/iSPIRT
A research paper put together by Jyoti Ramnath, MBA 2014, outlining the challenges faced by product start-ups in India and providing recommendations to improve the entrepreneurship ecosystem and position India as a product nation on the global map
Unicorn: The Science of Building a Billion-Dollar StartupMichael Herlache
At Founders Ventures, we are often asked, "How to build a billion-dollar startup?". We gave it some thought and used our own investment mandate to create a methodology for doing so which we call the Unicorn Methodology. The Unicorn Methodology is the following:
1. Focus on consumer/internet/enterprise software
2. Identify total addressable market of over $1bn
3. Ensure that the team is engineer-oriented
4. Build methodology around the core work process in the vertical market
5. Build network & marketplace around the core methodology
6. Follow customer development model to 1, 10, 100, 1,000, 10,000, 1,000,000+ users
7. Monetize after value provided
This is the methodology that we use when evaluating and aiding our own startups at www.VCFounders.com
Specialty Retail Clothing Industry Evaluationjschiff47
Our team was asked to evaluate the specialty retail clothing industry and decide if United States based companies would be able to survive the current environment. Next, we were asked to discuss specific companies that have positioned themselves for future success, and give recommendations on how businesses can survive and thrive going forward.
Corporate Communications Final Presentation. We were asked to research all aspects of a company of our choice throughout the semester. I researched everything from current industry trends to annual reports and figures.
J Crew in 2014: Will it turn around Strategy improve Its Competitiveness?Tran Thang
The presentation about J Crew study in the link below:
http://www.slideshare.net/TranThang6/j-crew-in-2014-will-it-turn-around-strategy-improve-its-competitiveness-58553487
Five 'unheard' of businesses that beat warren buffett's berkshire hathawayWalter Hin
Warren Buffett record is impeccable which makes him the richest investor in the world.
However, did you know the ordinary retail investor can beat the Oracle of Omaha at his own game?
Here is a list of companies in the past that have done just that!
Enjoy!
This is a brief review of Campbell soup's 10K. It is driven by questions to help you find the most important parts in a 10K report. All the questions are answered.
Billion Dollar Lessons Learning From Others Failuresjdbsf
Paul Carroll, Wall Street Journal correspondent and editor over 17 years, co-author of the best-selling book Billion Dollar Lessons, offers insights from extensive research on what we can learn from the most disastrous business failures of the last 25 years. Paul spoke at the City Club of San Francisco in January 2009, at my suggestion.
We are living in the world dominated by technologies driving huge disruption in our life and economy. There are lots of opprotunites from new paradigms.
Billion Dollar Startups - "Unicorns" - the WSJ keeps track of them (graphics.wsj.com/billion-dollar-club). We made a DataFox list of the 59 private companies with Billion Dollar+ valuations (based on most recent funding round) and uncover some insight.
-Total Funding
-To Private Investors
-Top Sectors
-Top Locations
-Which company has raised the most private funding?
You can access the full list by searching for "Billion Dollar Startup Club" on DataFox.
Link: bit.ly/datafoxunicorns
As a bonus, we've made all the data available on a Google Doc.
Download here: bit.ly/unicornspreadsheet
Building Billion Dollar Product Companies from India - Management report by J...ProductNation/iSPIRT
A research paper put together by Jyoti Ramnath, MBA 2014, outlining the challenges faced by product start-ups in India and providing recommendations to improve the entrepreneurship ecosystem and position India as a product nation on the global map
Unicorn: The Science of Building a Billion-Dollar StartupMichael Herlache
At Founders Ventures, we are often asked, "How to build a billion-dollar startup?". We gave it some thought and used our own investment mandate to create a methodology for doing so which we call the Unicorn Methodology. The Unicorn Methodology is the following:
1. Focus on consumer/internet/enterprise software
2. Identify total addressable market of over $1bn
3. Ensure that the team is engineer-oriented
4. Build methodology around the core work process in the vertical market
5. Build network & marketplace around the core methodology
6. Follow customer development model to 1, 10, 100, 1,000, 10,000, 1,000,000+ users
7. Monetize after value provided
This is the methodology that we use when evaluating and aiding our own startups at www.VCFounders.com
Building the Billion Dollar SaaS Unicorn: CEO GuideKelly Schwedland
In a Venture Capital world that is obsessed with growth, recurring revenue and software as a service, after you validate that you have a solution that people are willing to pay for, there is an entire new world ahead of you in scaling that venture. For many, this involves an entirely new language and set of metrics to manage the business. For the startup that wants to make the leap to scale up and fast growth this should serve as a starting point for key insights and metrics for that journey.
UKUPA Jan 09: User Experience In A DownturnUXPA UK
Gerred Blyth (Lighthouse Experience) and Be Kaler Blake (Aquent) presented on their perspective on the user experience industry and how companies and individuals can cope and find opportunities during the economic downturn. Discussions and pop quiz results from the evening are incorporated in the slides.
This document brings together a set
of latest data points and publicly
available information relevant for
Healthcare Industry . We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely
Through One-to-One Marketing, Market America combines the Internet with the power of people, creating the ultimate online
destination. As a result, we have revolutionized a brand-new industry, setting a standard by which all other businesses are
measured — Built on Product. Powered by People.®
A small effort made to understand strategic planing, organization history, swot analysis, mission visions statement analysis , Porters 5 force analysis, and BCG matrix to understand the product and service portfolio of Time Warner worlds 2nd largest entertainment company.
Review the chapter 16 closing case Avon Call on Foreign Markets. .docxjoellemurphey
Review the chapter 16 closing case: Avon Call on Foreign Markets. Fully answer at least two of the six questions at the end of the case:
1.The chapter describes different marketing orientations. Discuss the applicability of each to Avon’s international operations.
2.Why is Avon so much more dependent on its foreign operations than on its home (U.S.) operations?
3.Discuss socioeconomic and demographic changes that could affect Avon.
4.How might a global recession, such as the one that began in 2008, impact Avon’s operations?
5.What are the major competitive advantages that Avon has? How easily might other companies duplicate these advantages?
6.Avon does not sell within the United States in retail establishments (with the exception of kiosks handled by some of its reps). What are the pros and cons of distributing that way?
Avon Call on Foreign Markets:
Avon, founded in 1886, is one of the world’s oldest and largest manufacturers and marketers of beauty and related products.92 Many are most familiar with Avon through its long-standing ad, “Ding dong, Avon calling,” but the company has recently switched to “Hello Tomorrow” to change its image and better reflect the company’s new marketing approaches.
However, Avon was 28 years old (an adult by human standards) before it ever ventured abroad, and then only to nearby Canada. Forty years later, a geriatric in human terms, it moved into its second foreign market, Venezuela. Map 16.1 shows how Avon now divides the world regionally and the portion of its business in each region.
Why Avon Went Global
So why has Avon put so much emphasis on international expansion in recent years? First, Avon forecast a slow growth potential in the U.S. market, because there is virtually no remaining untapped market for cosmetics, fragrances, and toiletries. To grow rapidly in the United States would mean taking sales from competitors, and the U.S. beauty market is very competitive. If you doubt this, just try weaving through a large U.S. department store without being accosted and sprayed on.
Avon has preferred to put emphasis on less-competitive markets, and its latest annual report even states that it expects U.S. “growth to be in line with that of the overall beauty market”—which means its domestic sales will depend primarily on the population growth of women in the cosmetics-using age group. Even if there were a considerable untapped U.S. market, less than 5 percent of the world’s population lives in the United States.
Second, you need to understand Avon’s distribution system to appreciate why Avon worried about U.S. sales in the latter part of the twentieth century. Avon has always depended on direct selling by contracted independent salespersons (almost always women working part time and known as “Avon ladies” or “Avon representatives”), who sell to households by demonstrating products and giving beauty advice. These reps place sales orders with Avon and deliver orders to the customers once they receive them ...
This document brings together a set
of latest data points and publicly
available information relevant for
Healthcare Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
At Affordable Garage Door Repair, we specialize in both residential and commercial garage door services, ensuring your property is secure and your doors are running smoothly.
Care Instructions for Activewear & Swim Suits.pdfsundazesurf80
SunDaze Surf offers top swimwear tips: choose high-quality, UV-protective fabrics to shield your skin. Opt for secure fits that withstand waves and active movement. Bright colors enhance visibility, while adjustable straps ensure comfort. Prioritize styles with good support, like racerbacks or underwire tops, for active beach days. Always rinse swimwear after use to maintain fabric integrity.
Understanding the Mahadasha of Shukra (Venus): Effects and RemediesAstro Pathshala
The Mahadasha of Shukra (Venus) is one of the most significant periods in Vedic astrology. Shukra is known as the planet of love, beauty, wealth, and luxury. Its Mahadasha can bring about profound changes in an individual's life, both positive and negative, depending on its placement and condition in the natal chart.
What is Shukra Mahadasha?
Mahadasha is a planetary period in Vedic astrology that affects various aspects of an individual's life for a specific number of years. The Mahadasha of Shukra lasts for 20 years and is known to bring a period of significant transformation. Shukra is associated with pleasures, creativity, relationships, and material comforts. During its Mahadasha, these areas of life tend to get highlighted.
The Fascinating World of Bats: Unveiling the Secrets of the Nightthomasard1122
The Fascinating World of Bats: Unveiling the Secrets of the Night
Bats, the mysterious creatures of the night, have long been a source of fascination and fear for humans. With their eerie squeaks and fluttering wings, they have captured our imagination and sparked our curiosity. Yet, beyond the myths and legends, bats are fascinating creatures that play a vital role in our ecosystem.
There are over 1,300 species of bats, ranging from the tiny Kitti's hog-nosed bat to the majestic flying foxes. These winged mammals are found in almost every corner of the globe, from the scorching deserts to the lush rainforests. Their diversity is a testament to their adaptability and resilience.
Bats are insectivores, feeding on a vast array of insects, from mosquitoes to beetles. A single bat can consume up to 1,200 insects in an hour, making them a crucial part of our pest control system. By preying on insects that damage crops, bats save the agricultural industry billions of dollars each year.
But bats are not just useful; they are also fascinating creatures. Their ability to fly in complete darkness, using echolocation to navigate and hunt, is a remarkable feat of evolution. They are also social animals, living in colonies and communicating with each other through a complex system of calls and body language.
Despite their importance, bats face numerous threats, from habitat destruction to climate change. Many species are endangered, and conservation efforts are necessary to protect these magnificent creatures.
In conclusion, bats are more than just creatures of the night; they are a vital part of our ecosystem, playing a crucial role in maintaining the balance of nature. By learning more about these fascinating animals, we can appreciate their importance and work to protect them for generations to come. So, let us embrace the beauty and mystery of bats, and celebrate their unique place in our world.
La transidentité, un sujet qui fractionne les FrançaisIpsos France
Ipsos, l’une des principales sociétés mondiales d’études de marché dévoile les résultats de son étude Ipsos Global Advisor “Pride 2024”. De ses débuts aux Etats-Unis et désormais dans de très nombreux pays, le mois de juin est traditionnellement consacré aux « Marches des Fiertés » et à des événements festifs autour du concept de Pride. A cette occasion, Ipsos a réalisé une enquête dans vingt-six pays dressant plusieurs constats. Les clivages des opinions entre générations s’accentuent tandis que le soutien à des mesures sociétales et d’inclusion en faveur des LGBT+ notamment transgenres continue de s’effriter.
MRS PUNE 2024 - WINNER AMRUTHAA UTTAM JAGDHANEDK PAGEANT
Amruthaa Uttam Jagdhane, a stunning woman from Pune, has won the esteemed title of Mrs. India 2024, which is given out by the Dk Exhibition. Her journey to this prestigious accomplishment is a confirmation of her faithful assurance, extraordinary gifts, and profound commitment to enabling women.
1. Industry News
The
Billion
DollaR
Club How the Top Companies Compare
by Brittany Glenn
2. Tired of reading about the
global economic crisis?
Here’s the good news: Among the many industries falling by the wayside,
the direct selling industry is charting a strong and steady course around the world.
So strong and steady that we thought it would be interesting to see how the industry’s top
companies—those with annual billings of more than US$1 billion—
were faring, despite all the doom and gloom reported by the media.
We decided to call this very exclusive group of industry leaders the billion-dollar club.
Although each company has a healthy respect for today’s global economic challenges,
each is experiencing continued growth and success.
Most of the executives we spoke to believe the current financial crises are
responsible, at least in part, for the direct selling industry’s
current solvency and success.
continued on page 8
3. The
Billion
Dollar
Club
continued from page 7
And now, we’d like to invite you to peek inside
the companies that comprise the direct selling • Name of Company: Avon Products Inc.
industry’s own billion-dollar club. • Type of Company: Public (AVP—NYSE)
• Number of Employees: 42,000
• Number of Markets: More than 100
1. Avon Products Inc. $10.9 Billion • Revenue: $10.9 billion in revenue
Topping the billion-dollar club list is, of course, New York City-based for last four quarters (Q4 2007 – Q3
public company Avon (AVP—NYSE), the industry’s mother ship. As 2008); $9.9 billion in revenue for 2007
the world’s largest direct seller, Avon markets to women in more than 100 • Jul – Sep 2008 (Q3 2008):
countries through 5.5 million independent sales representatives. $2.6 billion in revenue
Judging by Avon’s latest financial figures and its third-quarter earnings • Apr – Jun 2008 (Q2 2008):
statement, the company is in a growth cycle. $2.7 billion in revenue
In 2007, Avon’s revenue was $9.9 billion. Over the last four • Jan – Mar 2008 (Q1 2008):
quarters—Q4 2007 through Q3 2008—Avon’s revenue was $10.9 billion. $2.5 billion in revenue
Additionally, third-quarter 2008 revenue grew to $2.6 billion, a 13 percent • Oct – Dec 2007 (Q4 2007):
increase over Q3 2007. $3.1 billion in revenue
“Avon’s third-quarter performance reflects continued momentum of
our turnaround plan,” Andrea Jung, Avon Chairman and CEO, said in a
press release. “Our investments in advertising and the Representative Value
Proposition (RVP) are yielding strong results.”
Avon was ranked No. 265 on the 2008 Fortune 500 list.
• Name of Company: Amway
2. Amway Corporation $8.2 Billion Corporation
• Type of Company: Private
In the No. 2 spot is direct selling giant Amway. Its annual sales for 2007 • Number of Employees: 13,000
were $7.16 billion, and for 2008 were $8.2 billion. • Number of Markets: More than 80
Amway Chairman Steve Van Andel says the company continues • Sales: $7.16 billion annual sales
to remain optimistic about its future growth potential, despite a bleak in 2007; $8.2 billion annual sales
economic outlook in some of its markets. “Amway’s rapid expansion in 2008
around the world and the acceptance of the direct selling business model
by countries such as Russia, India, Ukraine and others, has blunted the
impact of the economic downturn on our company,” he says.
In late 2007, Amway completed its production and warehousing facility
in Vietnam. Since then, Amway Vietnam Co. Ltd. has become one of
the company’s fastest-growing markets. “Officially launched in February
2008, Amway Vietnam now has more than 40,000 independent business
owners throughout the country,” Van Andel says.
In 2009, Amway plans to increase its efforts in more established
markets such as the United States and Great Britain—“to revive our
former buoyancy,” Van Andel says.
“We’re expecting big things to happen in 2009, such as continuing to
increase our visibility through advertising, sponsorships and a growing
physical presence around the world,” he says.
8 Direct Selling News | February 2009
4. The
Billion
Dollar
Club
But to a certain extent, Vorwerk is
3. Vorwerk & Co. KG $3.15 Billion protected from financial turbulence. “As a
Founded in 1883 as a carpet company, Wuppertal, financially viable, family-owned company, we
German-based private firm Vorwerk & Co. KG has been are not dependent on banks,” Hardt says.
selling quality products—from household appliances to Hardt says, as others have, that more people may be
cosmetics—through the direct sales channel since 1930. willing to join Vorwerk—and other direct selling companies,
For 2007, Vorwerk reported a sales volume of $3.15 billion too—during tough financial times. “Availability of salespeople
(€2.32 billion). is one of the most important factors for success in direct
Vorwerk is the parent company of JAFRA Cosmetics, sales,” he says. “Our growth expectations are unlimited.”
which had a sales volume of $469.71 million (€342 million)
in 2007.
Regarding the current monetary malaise affecting
countries worldwide, “Vorwerk’s managing partners decided
not to participate in the global economic crisis,” says Vorwerk
Senior Vice President of Corporate Communications Jürgen
Hardt. “In truth, the European—and especially German— • Name of Company: Vorwerk & Co. KG
economy is better prepared for global turbulences than other • Type of Company: Private – parent company
parts of the world.” of JAFRA Cosmetics
While Hardt says Vorwerk’s growth has been significant • Number of Employees: 23,000
in the past 10 years, he admits the firm must be careful to • Number of Markets: 61
balance potentially negative influences. “The company will • Sales Volume: €2.32 billion ($3.15 billion) in
not be totally free of the negative impact of the crisis,” he says. sales volume for 2007
“While our business isn’t countercyclical to the economy,
4. Herbalife Ltd. $2.4 Billion as of Q3 2008, it seems to be resilient to the economy,”
Los Angeles-based public company Herbalife says Des Walsh, Herbalife Executive Vice President,
(HFL—NYSE) sells its products through more than Worldwide Operations and Sales. “Eighty percent of our
1.9 million independent distributors who conduct business is outside the United States, so we’re constantly
business worldwide. In 2007, Herbalife’s net sales were operating in various economies. Naturally, in a tough
$2.14 billion. Over the last four quarters—Q4 2007 economic climate, our business opportunity is even more
through Q3 2008—the company’s net sales were attractive to someone who loses his job or is in need of
$2.4 billion. supplemental income.”
Walsh says Herbalife has made substantial investments
• Name of Company: Herbalife Ltd. in markets outside the United States. In 2008, Herbalife
• Type of Company: Public (HFL—NYSE) opened four new markets: Honduras, Guatemala,
• Number of Employees: 3,644 Nicaragua and Ecuador.
• Number of Markets: 70 Herbalife has also invested more than $50 million
• Net Sales: $2.4 billion in net sales for in upgraded Oracle applications, so it has the IT
last four quarters (Q4 2007 – Q3 2008); infrastructure necessary to support significant
$2.14 billion in net sales for 2007 future growth.
• Jul – Sep 2008 (Q3 2008): $602.2 “We’re currently doing business in 70 countries, but
million net sales there are several markets we are planning to open in 2009,”
• Apr – Jun 2008 (Q2 2008): $639.7 Walsh says. “Also, we’re focused on more deeply penetrating
million net sales our existing markets and globalizing best practices.”
• Jan – Mar 2008 (Q1 2008): $604.4
million net sales
• Oct – Dec 2007 (Q4 2007): $578.1
million net sales
continued on page 10
www.directsellingnews.com 9
5. The
Billion
Dollar continued from page 9
Club
• Name of Company: 5. Mary Kay Inc. $2.4 Billion
Mary Kay Inc. Addison, Texas-based private company Mary Kay Inc. was founded in
• Type of Company: 1963 by Mary Kay Ash with her life savings of $5,000. From its humble
Private, family-owned beginnings in a 500-square-foot Dallas storefront, Mary Kay Inc. has grown
• Number of Employees: into one of the largest direct sellers of skin care and color cosmetics in the
5,000 world, with a global independent salesforce exceeding 1.8 million.
• Number of Markets: Since the firm’s founding, Mary Kay Inc. has averaged double-digit growth
More than 35 each year. In 2007, the firm generated $2.4 billion in wholesale sales.
• Sales: $2.4 billion in Mary Kay opened its first international market—Australia—in 1971, and
wholesale sales for its most recent—India—in 2007. Among its more than 35 active markets,
2007 Mary Kay’s three top international markets are China, Russia and Mexico.
In 2009, Mary Kay Inc. plans to invest time and money in its corporate
social responsibility initiative, Pink Changing LivesSM. Mary Kay Inc.’s
financial and product donations spotlight changing the lives of women and
children around the world, with a focus on the prevention of violence against
women. Additionally, Mary Kay Inc. will plant 100,000 trees in North
America and embark on a groundbreaking initiative to turn waste from its
manufacturing process into usable energy.
6. Primerica Financial Services Inc. • Name of Company: Primerica Financial
$2.3 Billion Services Inc.
Based in Duluth, Ga., private firm Primerica Financial • Type of Company: Private, subsidiary;
Services—a subsidiary of public parent company Citi Parent company, Citi (C—NYSE)
(C—NYSE)—boasts the largest salesforce in the financial • Number of Employees: 2,000
services industry. There are approximately 100,000 licensed, • Number of Markets: Three
independent Primerica representatives across the United • Revenue: $2.3 billion in revenue in 2007
States (including Puerto Rico), Canada and Spain.
For Primerica, the current credit crunch is a blessing
in disguise, or maybe just a blessing. Primerica Co-CEO
John Addison is known for saying, “There might be
a recession in America, but there’s no recession at
Primerica.”
The numbers bear him out. “Through the first three
quarters of last year, of the top 100 largest life insurance significant investments in our technology platform
companies in the United States, 89 had a net decrease to make the recordkeeping for our independent
in their capital base,” Addison says. “Only 11 had an contractors simpler.”
increase in their capital base, and the third largest capital Addison expects these investments to pay dividends
base increase out of all the life insurance industry was in the near-term—and even in the midst of a recession.
Primerica Life at $120 million.” “Our model of building distribution weathers the storms
At a time when layoffs and cutbacks are the rule not that are going on in the world incredibly well,” he says.
the exception, especially in the financial services industry, “Our goal is a 20 percent increase in recruiting, a 20
Primerica is investing in its future. “We’ve implemented percent increase in licensing. While everybody else is
a new bonus that’s very much aimed at licensing and focused on doing damage control, we’re going to go do
building new people,” Addison says. “We’re making some damage.”
10 Direct Selling News | February 2009
6. 7. Tupperware Brands 8. Forever Living Products
Corporation $2.21 Billion International Inc. $2.1 Billion
Publicly traded Tupperware Brands Corporation
(TUP—NYSE), based in Orlando, Fla., sells storage and • Name of Company: Forever Living Products
serving products through Tupperware, and beauty and International Inc.
personal care products through Avroy Shlain, BeautiControl, • Type of Company: Private
Fuller, NaturCare, Nutrimetics, Nuvo and Swissgarde. • Number of Markets: 135
In 2007, Tupperware’s sales were $1.98 billion. • Annual Sales: $2.1 billion in sales for 2007
In the last four quarters—Q4 2007 through Q3
2008—the company’s sales were $2.21 billion.
“Our emerging markets accounted for 56 percent of Private firm Forever Living Products, based in
our third-quarter sales, and the bulk of these businesses Scottsdale, Ariz., sells aloe vera drinks and aloe vera-
continued to perform extremely well,” says Chairman and based aromatherapy products, cosmetics, dietary and
CEO Rick Goings in Tupperware’s Q3 earnings release. nutritional supplements, lotion, soap and tooth gel
“We believe we will generate modest local currency growth products in some 135 markets. Annual sales for 2007
from established markets in 2009 and forward, as we’ve were $2.1 billion.
seen the payoff in selected markets of the work we’ve done According to Rex Maughan, Forever Living
over the last several years to revitalize these businesses. CEO and Chairman of the Board, “2008 has been a
Tupperware is listed as No. 903 on the 2008 Fortune 1,000 list. remarkable year for Forever Living.
“In spite of the global turmoil, I am grateful for the
fact that Forever Living is going strong,” Maughan
• Name of Company: Tupperware Brands says. “Although I have not seen all the figures yet, I am
Corporation confident that 2008 will be a great year. Although no
• Type of Company: Public (TUP—NYSE) business is recession-proof, there is always opportunity
• Number of Employees: 12,800 in every business climate.
• Number of Markets: 100 “When times are tough, people often look for ways
• Sales: $2.21 billion in sales for last four quarters to earn more money or even find an alternate source of
(Q4 2007 – Q3 2008); $1.98 billion in sales for income in case their ‘main’ job is threatened.”
2007
• Jul – Sep 2008 (Q3 2008): $513 million in sales
• Apr – Jun 2008 (Q2 2008): $584 million in sales
• Jan – Mar 2008 (Q1 2008): $543 million in sales
• Oct – Dec 2007 (Q4 2007): $577 million in sales
9. Oriflame Cosmetics $1.68 Billion
Swedish company Oriflame offers high-quality skin care,
fragrances, color cosmetics, toiletries and accessories. Oriflame has
grown rapidly, recently opening two markets—Iran and China.
• Name of Company: Oriflame Cosmetics
“We have increased sales by more than 17 percent per year
• Type of Company: Public (ORI—SDB.ST)
on average for the last 20 years,” says Magnus Brännström,
• Number of Employees: 7,000
Oriflame’s CEO. “This is clearly above-market growth. We intend
• Number of Markets: 61
to continue to grow more than the cosmetics market in the future.
• Sales: $1.68 billion in sales for 2007
We believe we will take market share in 2009.”
continued on page 12
www.directsellingnews.com 11
7. The
Billion
Dollar
Club
continued from page 11 • Name of Company: Natura Cosmeticos SA
• Type of Company: Public – São Paulo Stock Exchange
(NATU3)
10. Natura Cosmeticos SA • Number of Employees: 5,919
$1.52 Billion • Number of Markets: Seven
São Paulo, Brazil-based firm Natura Cosmeticos SA • Net Revenue: $1.52 billion in net revenue for last four
is traded on the São Paulo Stock Exchange (NATU3). quarters (Q4 2007 – Q3 2008)
Natura operates in the Chile, Peru, Argentina, Mexico, • Jul – Sep 2008 (Q3 2008): Net revenue R$921.1 million
Colombia and Venezuela. It manufactures deodorants, = $412.21 million
sunscreens, lotions, creams, lipsticks and perfumes. • Apr – Jun 2008 (Q2 2008): Net revenue R$883.1 million
Over the last four quarters—Q4 2007 through Q3 = $395.21 million
2008—Natura’s revenue was $1.52 billion. • Jan – Mar 2008 (Q1 2008): Net revenue R$668 million =
Natura’s Q3 earnings statement says: “The globalized $298.66 million
world’s main economies are currently undergoing a period • Oct – Dec 2007 (Q4 2007): Net revenue R$937.8 million
of significant change. Developing countries, however, = $419.29 million
may be less affected by the crisis, and could thus play an
important role in the growth of the global economy. Our report. “We have decided to suspend our
company is highly profitable, has strong cash generation entry into that market for an indeterminate
and a treasury that operates safely and selectively.” period. We will maintain our operation
Natura is focusing on international expansion, but the in France as part of a group of initiatives
firm is choosing its markets with care. “Studies for the to build our global brand and as a source
implementation of a United States operation have shown of learning about demand in a highly
that the moment is not suitable,” reads the Q3 earnings sophisticated market.”
11. Nu Skin Enterprises Inc.
$1.23 Billion • Name of Company: Nu Skin Enterprises Inc.
Provo, Utah-based publicly traded • Type of Company: Public (NUS—NYSE)
company Nu Skin Enterprises • Number of Employees: 1,200
Inc. (NUS—NYSE) markets • Number of Markets: 48
personal care products under the • Revenue: $1.23 billion in revenue for last four quarters
Nu Skin® brand; science-based (Q4 2007 – Q3 2008); $1.15 billion in revenue for 2007.
nutritional supplements under the • Jul – Sep 2008 (Q3 2008): $310.27 million in revenue
Pharmanex® brand; and technology-based products • Apr – Jun 2008 (Q2 2008): $321.7 million in revenue
and services under the Big Planet® brand. • Jan – Mar 2008 (Q1 2008): $298.1 million in revenue
Over the last four quarters—Q4 2007 through • Oct – Dec 2007 (Q4 2007): $306.1 million in revenue
Q3 2008—Nu Skin Enterprises’ revenue was $1.23
billion. In 2007, the firm’s revenue was $1.15 billion.
Ritch Wood, Nu Skin Enterprises Chief Financial
Officer, says although there are repercussions excitement in these two markets,” Wood says. “As of December
for every company because of the current economic 2008, South Africa has welcomed 2,100 distributors. We look
situation, he believes Nu Skin Enterprises is in a position forward to continued growth from both of these markets
to weather the storm due to its sales momentum, in 2009.”
innovative products and strong balance sheet. Finally, Nu Skin reminds us that sharing success is the key
“In 2008, we experienced double-digit growth in many to attracting more success.
of our markets around the world, and we look for this “Nu Skin and its distributors continue to generate success—
momentum to continue in 2009,” Wood says. “We are looking and in the process, continue to be a force for good by giving
forward to a great 2009.” back to those in need,” Wood says. “As dollars for charitable
Nu Skin Enterprises opened two new markets—South giving shrink, the Nu Skin Force for Good Foundation
Africa and the Czech Republic—in 2008, bringing the continues to grant more than $1 million each year to help
company’s market total to 48. “We have already seen great nourish the minds and bodies of children.”
12 Direct Selling News | February 2009
8. The
Billion-Dollar Bonus Billion
Dollar At a Glance
Club
Although we did not include Keller Williams Realty in the official billion-
dollar club, the company deserves to be mentioned in this story. Though
Keller Williams’ corporate office reports annual revenue of $119 million in
Company Name Year Founded Revenue (in US Dollars)
2007, the company’s 70,000 agents generated $3 billion in transaction
Avon Products Inc. 1886 10.9 billion
commissions. The corporate office paid $40 million to its agents based on a
Amway Corporation 1959 8.2 billion
seven-level profit-sharing plan.
Vorwerk & Co. KG 1883 3.15 billion
Herbalife Ltd. 1980 2.4 billion
With its multilevel compensation and recruitment model, Keller Williams
Mary Kay Inc. 1963 2.4 billion
Realty may just be the direct selling industry’s best-kept secret. It has
Primerica Financial
become one of the largest and fastest-growing real estate franchise
Services Inc. 1977 2.3 billion
systems throughout North America.
Tupperware Brands Corp. 1951 2.21 billion
Forever Living
Keller Williams Realty was founded in 1983 by Gary Keller and Joe Williams.
Products Intl. Inc. 1978 2.1 billion
It began franchising in 1991 and opened its first Canadian office in 1998.
Oriflame Cosmetics 1967 1.68 billion
Keller Williams may not be the largest residential real estate franchise in the
Natura Cosmeticos SA 1969 1.52 billion
United States, but its agent-friendly business concept has made its mark.
Nu Skin Enterprises Inc. 1984 1.23 billion
Each Keller Williams franchise is agent-owned and -operated, commissions
are split at least 70/30 and the company rewards agents through multi-level * Revenues above are from 2007 or from the last four fiscal quarters.
compensation, which they call profit sharing.
“Keller Williams Realty’s mission is to build careers worth having,
With more than 70,000 agents working from about 650 locations in the businesses worth owning and lives worth living,” Keller Williams CEO Mark
United States (13 of those locations are in Canada), the strength of Keller Willis says. “Not only do we believe we can achieve our goals, but that our
Williams’ foundation begins with its distinctive business model. The associates can best fulfill that mission by emphasizing the values of God,
company is built on four focal points—culture, profit sharing, education family and then business, in that order.” It’s these philosophies that have
and technology. These areas define Keller Williams Realty as an industry given Keller Williams its unique culture within the industry—something they
innovator and leader. call the “Keller Williams family.”
continued on page 54
9. The
Billion
Dollar
Club
Honorable Mentions
Although these companies did not qualify for membership in the billion-dollar
club, their annual sales and dynamic growth indicate they will soon join.
Melaleuca Inc. $859 Million 50 percent of consumers have changed, and many of
Based in Idaho Falls, Idaho, private company Melaleuca was those customers went with Stream Energy/Ignite.”
founded in 1985 to market a tea-tree oil formulation called
melaleuca oil. The company sells personal care products, In the January 2009 Direct Selling News, Domhoff
cosmetics, household-cleaning supplies and vitamins. attributed these impressive numbers to a product that’s a
necessity, saying, “One of the great things about Ignite is
Melaleuca began with seven people; it now employs that we offer a product that is habitually used and everyone
more than 2,400. Its net sales for 2007 were $859 must have, regardless of how the economy is performing.“
million, a fact it openly displays on its Web site.
Stream Energy Chairman Rob Snyder says Ignite has
The company’s operations are run from a 100,000-square- benefited from the current economic downturn “since
foot corporate office complex along with manufacturing an increasing number of people have been investigating
and distribution plants in Idaho Falls and Rexburg, new avenues for earning income and providing a
Idaho (totaling 274,000 square feet). Melaleuca ‘fallback’ career.
also has a 170,000-square-foot manufacturing
and distribution facility in Knoxville, Tenn. “As to the parent company, Stream Energy itself, the
firm has been almost wholly unaffected by the economic
Name of Company: Melaleuca Inc. downturn insofar as, during periods of recession,
Type of Company: Private consumers consistently pay their utility bills before
Number of Employees: 2,400 purchasing items of discretionary spending,” Snyder says.
Number of Markets: 18
Net Sales: $859 million in net sales for 2007 In 2008, Ignite expanded into Georgia, competing in
that state’s natural gas market. The company already
boasts approximately 2 percent of the market and
Ignite $800+ Million 20,000 independent associates.
Dallas-based private company Ignite is a subsidiary
of electricity and natural gas provider Stream Energy. “In 2009, Stream Energy and Ignite intend to enhance their
When Texas’s electricity market was deregulated in existing market positions in Texas for electricity services
2001, Stream Energy saw an opportunity. It chose and Georgia for natural gas services,” Snyder says. DSN
direct selling as its marketing method, and Ignite
was born in 2005. Already, the company is predicting Name of Company: Ignite
more than $800 million in revenue for 2008. Type of Company: Private, subsidiary
of Stream Energy
“When Stream Energy entered the Texas market in Number of Employees: 350
2005, roughly 10 percent of consumers had changed Number of Markets: Two
providers from their incumbents,” says Founder of Ignite Retail Sales: $606 million in retail sales for
and Co-Founder of Stream Energy Chris Domhoff. “Now, 2007; over $800 million in retail sales for 2008
Direct Selling News has accumulated this information from various sources, including interviews, press releases, online
sources such as Lexis Nexis and Hoover’s Online and public-company earnings reports. The companies included on this list are
ones we were able to confirm through our research; there may be others with revenue of more than $1 billion. No company was
intentionally omitted.
14 Direct Selling News | February 2009