August 2005
DSA
Offers Educational Seminars
Continuing
its effort to provide educational programming
for direct selling industry executives, the
Direct Selling Association held its annual
Tax Seminar on July 14 in Washington, D.C.
Speakers included industry experts and officials
from the current White House administration,
including Kevin Brown, IRS Commissioner for
the Small Business/Self-Employed Division,
and Robert Carroll, Deputy Assistant Secretary
for Tax Policy at the Department of the Treasury.
Attendees were updated on the most recent legislation
and tax issues relevant to the direct selling
industry. > more
Also in this section:
DSA Offers Educational Seminars
Direct Sales and the Internet
Nu
Skin Enterprises Announces
the Opening of Indonesia
Nu Skin Enterprises, Inc. announced
the upcoming launch of business
operations in Indonesia on Aug. 8,
2005. As the company’s 41st global market,
Indonesia is expected to augment the
company’s strength in its growing Southeast
Asia region. > more
Also in this section:
Nu Skin Enterprises Announces the Opening of Indonesia
Relìv International Enters Germany, Expanding Operations to Continental Europe
Tupperware Philippines Expanding into Cosmetics
Mannatech Awarded Patent in the Philippines
USANA Announces Record
Results
for 2nd Quarter
USANA Health Sciences Inc. (USNA-
NASDAQ) announced record financial
results for the second fiscal quarter of
2005 (ended July 2, 2005). The company
achieved record net sales in the second quarter of
$82 million, an increase of 22 percent, compared
with $67.2 million in the second quarter of 2004.
This growth was primarily driven by a 20
percent increase in the number of active
associates and double-digit, year-over-year
net sales gains achieved in all but one of the
company's 12 markets. > more
Also
in this section:
USANA Announces Record Results for 2nd Quarter
Nu Skin Reports Record 2nd Quarter Results
Avon Reports Second Quarter Earnings
July Stock Watch
Industry
Leaders to Gather
in London for WFDSA's 12th
World
Congress
By
Richard Berry
In October, when the leaders of direct selling
companies from around the world gather for the World
Federation of Direct Selling Associations' 12th World
Congress in London, international expansion strategies
will be a hot topic. Delegates will include substantial and
long-established U.S. businesses that have yet to expand
outside North America. Others will be relatively new
businesses that have already expanded successfully into
Europe, South East Asia and elsewhere. When, where and
how to open up overseas operations will be the subject of
a series of Congress workshops.
> more
Also in this section:
Executive Decisions: Operational Perspectives on Entering a New Country
Prioritization: Between Strategy and Execution
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