USANA Health Sciences

DSN Source: China Conducting Random Compliance Checks

China Conducting Random Compliance Checks

A source close to DSN is reporting that the Chinese government is conducting random checks to ensure companies selling wellness products in China are complying with the terms that came out of the 100-day freeze that ended in April of this year. The DSN source added that it’s not strange for the government to follow…

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USANA Q2 Sales Down 15.1%

USANA Q2

USANA Health Sciences, Inc. (NYSE: USNA) second quarter 2019 net sales were $256.0 million, compared with $301.5 million in the prior-year period, or a 15.1 percent decrease year-over-year. According to the company, its financial performance for the quarter was impacted by the continuing challenging consumer environment in China. In addition, the strengthening of the U.S.…

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USANA Signs Official Supplement Supplier License with KBL

USANA Korea

USANA Korea recently announced that it will be the official supplement supplier for the Korean Basketball League (KBL). As part of the deal, USANA will provide a selection of various nutritional supplements designed to help players maintain well-balanced diets and intake a wide range of various vitamins and minerals, as well as essential carbohydrates, proteins…

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DSA Canada Celebrates Industry Leaders at 2019 Awards Gala

DSA Canada

The Direct Sellers Association (DSA) of Canada recently announced the recipients of the 2019 DSA Awards during their annual conference in Vancouver, British Columbia. The DSA Awards honor and recognize organizations and individuals for their outstanding contributions to the direct selling industry in Canada. “The recipients of these awards are true champions of Canada’s direct selling industry,”…

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Financial Analysis

China

Public direct sellers: China issues have direct selling stocks starting 2019 off slowly; rideshare unicorn IPOs banged up in the public markets. China Issues Plague Direct Selling Stocks Our proprietary index of Direct Selling stocks continues to lag the S&P 500 so far this year through mid-May, down 3 percent versus +13 percent for the…

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The China Conundrum

China

What will be the impact of China’s 100-day action on the direct selling channel going forward? Time will tell. When Direct Selling News released its Global 100 list of the top direct selling companies in the world in June, one country was conspicuously underrepresented. China, the second largest direct selling market, had only one company…

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USANA Recognized for Decade of Promoting Ethical Business Standards

Code of Ethics

For the 10th consecutive year, USANA has been named to the Direct Selling Association (DSA) Code of Ethics Communication Initiative.   The initiative’s purpose is to encourage and promote the education and sharing of the DSA Code of Ethics among member companies, members of the field and the general public. Over the past decade, USANA has been consistently…

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U.S. DSA Announces 2019 Officers, Directors

Direct Seller Independence Act

The U.S. Direct Selling Association (DSA) recently announced elected officers and directors to the association’s Board of Directors.   Officers and directors of the association are recognized leaders who have earned the respect of their colleagues and the public and are committed to lead and direct the affairs of the association. The board officers will each serve one-year…

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