The Board of Directors of Herbalife Nutrition Ltd. announced that Bosco Chiu will serve as the company’s first-ever chief risk officer. Chiu, who has served as executive vice president and chief financial officer, has been with Herbalife Nutrition for 27 years, holding progressive roles and responsibilities over various accounting and finance functions. Before joining Herbalife Nutrition, he was an auditor at Price […]

Direct selling companies love representatives who are independent, self-motivated entrepreneurs. At the corporate level, we have a strategic focus on new product launches, promotions, and sales, but we’re also invested in the values we share and the lifestyle we and our representatives espouse. That’s why we, as an industry, need to be on top of […]

Transformation Capital reported that October was a relatively strong month for direct selling for most of the period until market-related weakness drove the stocks lower over the last week. According to the investment banking and business development firm, the Transformation Capital Direct Selling Index (TDSI) decreased slightly (-3.4%), as compared to a decline of -4.6% […]

Herbalife Nutrition Ltd. reported net sales of $1.5 billion for the third quarter ended September 30, 2020. Sales increased 22.3 percent compared to the third quarter of 2019. The total represents the largest quarterly result in company history. “We achieved another net sales record for the quarter, exceeding $1.5 billion, as consumer interest in health […]

ARIIX, a NewAge Inc. company, recently celebrated the launch of Lucim™, the company’s new full-system skincare line. Lucim skincare was developed in strategic alliance with the ARIIX Representative field, incorporating their feedback to create innovatively efficacious products. From products and packaging to positioning and pricing … even naming and scents — ARIIX Representatives have had […]

Nu Skin Enterprises, Inc. announced third-quarter revenue results of $703.3 million, a 19 percent increase year-over-year. “We continued to build momentum with accelerated results in the third quarter, as we generated revenue and earnings per share well above expectations,” said Ritch Wood, chief executive officer. “As we executed on our long-term strategy, we drove double-digit […]

The Board of Directors of Herbalife Nutrition Ltd.  announced the formation of an ESG committee (environmental, social and governance) of the Board of Directors. This decision was made given the importance of leading in the areas of sustainable, socially responsible and ethical practices. Over the past 40 years, Herbalife Nutrition has been changing people’s lives with great nutrition […]

As part of its international expansion strategy, Pampered Chef, a Berkshire Hathaway Company, announces its expansion to France. Pampered Chef France will launch as the brand celebrated its 40th anniversary this fall, commemorating when Doris Christopher held her first cooking party in Illinois in 1980. This is the company’s third market opening in Europe, with […]

International social selling company VIIVA announced it has amassed $66 million in sales in its first year. VIIVA, which is headquartered in Lehi, Utah, launched in the United States in October 2019. The company introduced five new products in five months, with an emphasis in anti-aging “To reach $66 million in sales in our first […]

LifeVantage Corporation reported a slight decline of 2.5 percent in revenue for its first quarter ended September 30, 2020. The company reported revenue of $54.8 million, a decline of 2.5% from the prior year period, largely reflecting the lack of an Elite Academy event not replicated during the first quarter of fiscal 2021. Revenue in the Americas for the first quarter decreased 3.7 […]

Natural Health Trends Corp., a direct-selling company that markets under the NHT Global brand, announced revenue decreased 14 percent for the third quarter ended September 30, 2020. Revenue of $14.1 million compared to $16.4 million in the second quarter of 2020 and decreased 17 percent compared to $17.0 million in the third quarter of 2019. […]

Medifast, Inc. reported revenue increased 42.8 percent for the third quarter ended September 30, 2020. Third quarter revenue increased was $271.5 million compared to $190.1 million for the third quarter of 2019. OPTAVIA-branded products represented 83.0 percent of consumable units sold for the third quarter compared to 78.0 percent for the same period a year ago. The total number of active earning OPTAVIA Coaches […]