This is less of a dip in sales than I expected but it is important to consider that there has been zero growth at Quixtar over the last 5 years... ADA, Mich., Feb. 15 /PRNewswire/ -- Quixtar
Inc. today announced fiscal 2007 sales of $1.072 billion, the fifth
consecutive year in which the company surpassed the billion-dollar
mark. The results represented a slight decline from the previous year's
sales of $1.12 billion, which were the best in Quixtar's nine-year
history. Results were affected minimally by actions the company took to
terminate the business of a few Independent Business Owners in August
of 2007 after they refused to change unacceptable practices. Quixtar Independent Business Owners (IBOs) earned $363 million in
bonuses and other incentives for their business efforts in 2007, which
also included $70.1 million in sales at Quixtar's Partner Stores. In 2007, Quixtar launched a new line of nutritional snacks, juices
and supplements for busy families under the Simply Nutrilite(TM) brand,
as well as the new ARTISTRY(R) essentials line of skin care and
cosmetics products. Quixtar.com was redesigned to improve usability and
to better support IBO sales efforts, and Quixtar University was
launched to provide online and aided sales and brand training to help
IBOs build profitable businesses. Since 1999, IBOs have earned nearly $2.6 billion based on total
Quixtar sales of more than $7.86 billion and Partner Store sales of
more than $577 million. Driven by its strong Health and Beauty brands,
Quixtar again was ranked #1 in online Health and Beauty sales by
Internet Retailer's "Top 500 Guide" in 2007, and 22nd overall in
e-commerce. "Our business is on the right path at the right time," said Jim
Payne, Executive Vice President - Amway & Quixtar. "New leadership
was brought in this year with Steve Lieberman, the new Managing
Director for Quixtar who joined us in August. We also recently hired a
new VP of Sales, Sandy Spielmaker, who will have a tremendous impact on
our sales team." Plans were announced in 2007 to change the business opportunity
brand in North America to better leverage and align with Amway's $7
billion global business. "We're working with IBOs to properly position our North American
business within the context of the larger Amway global brand," said
Lieberman. "To better support IBO efforts, we are focusing in
particular on how consumers interact with our products and our brands." "Our goal is to provide the best business opportunity in North
America," said Lieberman. "From products and IBO compensation to sales
training and marketing programs, everything we do in support of our
IBOs is being examined to ensure we achieve that goal." ABOUT QUIXTAR Based in Ada, Mich., Quixtar Inc. is part of the Alticor group of
companies, founded by the DeVos and Van Andel families. Alticor is led
by Steve Van Andel, Chairman, and Doug DeVos, President. Global sales
for the Alticor group of companies, which include Amway, Access
Business Group, Alticor Corporate Enterprises (ACE), and Quixtar,
exceeded $7.1 billion in fiscal 2007. Quixtar currently supports independent businesses in the U.S.,
Canada, Puerto Rico, and various trust territories and independent
island nations in the Pacific and Atlantic Oceans and Caribbean Sea.
Quixtar Canada Corp. headquarters are located in London, Ont., Canada.
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Cheers
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Have a great 2008
Thanks
Micael Curry
Quixtar Sales 2007 – $1.072 billion
Quixtar Sales 2002 – $901 million
Sales Growth in 5 years= $171 million or 19%.
**19%**
Ty says -
it is important to consider that there has been zero growth at Quixtar over the last 5 years…
IBOFightback says -
it is important to consider that Ty doesn't know what he talking about
IBOFightback….Spin, Spin, Spin…you are like the Hilary Clinton of Quixtar/Awmay.
Count em…
2003 = $1.035 billion
2004 = $1.1 billion
2005 = $1.058 billion
2006 = $1.118 billion
2007 = $1.072 billion
Looks like 5 years to me, but hey, what do I know, I went to public school.
Texas Sharp Shooter Fallacy – move the target around until it's where you want to hit. Let's take 2002-2006 then shall we? 5 years, 24% growth.
Lots of growth in 5 years, just affected by a couple of dips related to doing things like, oh, kicking bunches of Diamonds out.
Dude, are you off your meds?
Here is my exact quote that you took issue with an claimed that I didn't know what I was talking about:
"This is less of a dip in sales than I expected but it is important to consider that there has been zero growth at Quixtar over the last 5 years…"
THE LAST 5 YEARS…1,2,3,4,5
Read my lips: The Industry is growing, Quixtar is not. If you are an individual who is not growing in Quixtar, you are not alone. The blame doesn't fall only on your shoulders. Remember that.
So if a tree grows a metre in 4 years, but in the 5th year you lop off a metre, that means the tree didn't grow in 5 years?
What about if you also lopped off a metre in year 2?
Lies, damn lies, and statistics.
dood,
the Consumer Price Index has been running around 3% annually on this side of the millenia…if sales at quixtar have kept up with the CPI..it hsould at least be registering growth right around 3% to achieve true 0 growth. So, i think Quixtar has been declining the past 5 years.
even including the 6 year figure quoted above…simple maths of 3% CPI and 6 years is 18%. If Quixtar grew 19% in 6 years…all it did was 1 measly percent growth in 6 years after inflation. It ain't good.
Conrad – who said it was good? What I pointed out was "no growth" was not an accurate description, given the "tree lopping" that's gone on in that time. There's been quite a bit of growth, it's just been matched by some serious downs as well.