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Encyclopedia > Avon Products, Inc


Avon Products, Inc.
N/A
Type Public (NYSE: [1] (http://www.nyse.com/about/listed/lcddata.html?ticker=AVP))
Slogan N/A
Founded New York, New York (1886)
Location
Key people Andrea Jung, Chairman & CEO
 num_employees = 
Employees {{{num_employees}}}
Products Cosmetics
Web site Avon corporate Website (http://www.avoncompany.com)

Avon Products, Inc. (NYSE: AVP (http://www.nyse.com/about/listed/lcddata.html?ticker=AVP)) is an American cosmetics, perfume and toy seller with markets in over 135 countries across the world and a sales of $5.2 billion worldwide. It was founded by David H. McConnell in 1886 as California Perfume Company (CPC) in New York, New York. In September, 1939, the name was changed to Avon Products, Inc.


Traditionally a direct-selling company, Avon's fastest growing markets today are in China and Russia. Currently, the company is headed up by Andrea Jung, the company's president and CEO, who was promoted to the position in 1999.


Avon uses both door to door sales people ("Avon ladies," primarily) and catalogs to advertise their products, but in some markets (most notably China, who banned all door-to-door selling in the 1990s) Avon products are sold primarily in retail stores.


Although the company has always been more directed towards female customers, Avon's line of male products continues to expand, and their childrens products (such as shampoos and toys) have also proved to be a good source of revenue. Two recent brand diversifications, "mark" (targeted to younger, college-aged women) and "M" (an Avon catalogue for men) have helped the company reach out into markets they traditionally have not serviced in the past.


In addition to its corporate pursuits, the Avon corporation is also involved in philanthropic causes, primarily centered around women's empowerment and health issues.






  Results from FactBites:
 
Avon Products, Inc. - Wikipedia, the free encyclopedia (415 words)
Avon Products, Inc. NYSE: AVP is an American cosmetics, perfume and toy seller with markets in over 135 countries across the world and a sales of $5.2 billion worldwide.
Avon uses both door to door sales people ("Avon ladies," primarily) and catalogs to advertise their products, but in some markets (most notably China, who banned all door-to-door selling in the 1990s) Avon products are sold primarily in retail stores.
Although the company has always been more directed towards female customers, Avon's line of male products continues to expand, and their children's products (such as shampoos and toys) have also proved to be a good source of revenue.
Avon Products Inc. Investor Relations (1411 words)
Avon Products, Inc. (NYSE: AVP) today said that it expects earnings per share in the first quarter of 2003 to exceed prior guidance, and that the company is on track for its fourth consecutive year of double-digit growth in local currency sales and earnings before unusual items.
Avon said it expects earnings in the first quarter to be $.41 cents per share -- $.01 per share ahead of guidance provided by the company in February -- after absorbing approximately $.05 per share in the quarter related to the previously announced repositioning of the beComing brand.
Avon is the world's leading direct seller of beauty and related products, with $6.2 billion in annual revenues.
  More results at FactBites »


 
 

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