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Avon first quarter sales up 7% to $1.1 bil., earnings increase 9.5% to $41.3 mil.

This article was originally published in The Rose Sheet

Executive Summary

AVON FIRST-QUARTER JAPAN SALES INCREASE 11% in local currency, reflecting the company's first quarterly sales increase in Japan in two years, Avon announced April 23. Recognizing that Japan has been a "trouble spot" for some time, Avon established a new management team for the country in August. The team has developed an "aggressive program" to reduce product prices, bringing them more in line with Avon competitors, and to attract new consultants, according to the direct-sales company.
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