March was a tumultuous month for direct selling stocks, but April proved to move the group marginally higher, with the Direct Selling Capital Advisors Direct Selling Index (DSCI) rising 3.1 percent during the month, compared to a slightly lower gain for the Dow Jones Industrial Average (DJIA) of 2.7 percent. This rise in April places the DSCI in line with the broader markets.

Coway Co., Ltd. announced its first quarter of 2021 financial reports, including $7.8 million in revenue, a 14.3% increase year-over-year. Operating profit and net profit increased to $151 million and $111 million respectively. Domestic rental sales in Korea reached 321,000, with 6.36 million accounts. “Exciting new products and impactful marketing campaigns propelled our performance, both […]

Mannatech, Incorporated announced its financial results for the first quarter of 2021, reporting net sales of $38.3 million, a 4.7% increase over the first quarter of last year. Net income for the quarter reached $2.2 million, or $1.04 per diluted share, a slight downturn from the first quarter of 2020, which totaled $2.8 million and […]

HempMeds Brasil, a subsidiary of Medical Marijuana, Inc. announced that April 2021 broke records for the best revenue month in company history. “Our HempMeds Brasil operations have seen a consistent increase over the years,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “We aim to reach as many consumers in need as possible and last […]

Plexus Worldwide is celebrating the one-year anniversary of Plexus Mexico with a new product store at the company’s Guadalajara headquarters. This new store will save on shipping costs for consumers and eliminate wait times for product orders. Visitors to the store can check-in at the in-store kiosk to place new orders or order ahead of […]

Primerica Canada recently conducted a study of 837 Canadians with an income between $30,000 and $100,000 and discovered that 75% felt their income was not enough to maintain their cost of living. Of those surveyed, 71% did not believe they were saving enough for a comfortable retirement, and yet there was an overall positivity among […]

The Korea Corporate Reputation Institute recently analyzed the brand reputation of eight rental service companies in Korea and awarded Coway with the top spot. Considered in this ranking are participation value, communication value, social value, market value and financial value. The Brand Reputation Index is based on consumer online habits that have an impact on […]

Mary Kay Inc. recently sponsored and funded in part the 2021 Society for Investigative Dermatology (SID) Annual Meeting. In this virtual meeting, the company unveiled new skin health research on a botanical extract that reduces inflammation from retinol through the TRPV-1 receptor, and announced four $25,000 grants that will be awarded to researchers in the […]

The U.S. Labor Department has withdrawn its “Independent Contractor Rule,” which made it easier for companies to classify workers as independent contractors. “By withdrawing the Independent Contractor Rule, we will help preserve essential worker rights and stop the erosion of worker protections that would have occurred had the rule gone into effect,” said U.S. Secretary […]

NewAge, Inc. announced record financial results for the first quarter of 2021, almost doubling its net revenue from the previous year’s quarter, with a 97% increase to $125.5 million, and a gross profit increase of 111% to $87.4 million. The acquisition of ARIIX strongly impacted these numbers. “The first quarter saw accelerated top and bottom-line […]

To contribute to ongoing relief efforts in India, Amway has donated $500,000 to a foundation led by the U.S. Chamber of Commerce. Amway is part of a coalition of leading companies, nonprofits and associations that have come together to support the COVID-19 relief efforts in India. Amway’s donations will deliver critical medical supplies and assistance […]

MONAT GLOBAL UK Ltd unveiled plans for a continuation of its European expansion with a launch in Spain planned for June 2021. This follows a successful launch in the UK in 2018, and Ireland and Poland in 2019. “Our company successes within Europe have shown that social selling has quickly become a preferred way to […]