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Beyond Baskets: Xcel Launches A New, Digitized Longaberger

Xcel Brands Inc. today is launching a new digitized business model for Longaberger, transforming the traditional multi-level platform of the artisanal and handcrafted home decor business it acquired in 2019, into a state-of-the-art, peer-to-peer social commerce community with expanded home and lifestyle categories.

“The plan is to become the largest social commerce community in the world,” chairman and CEO Robert D’Loren said in an exclusive interview. “This could be a $1 billion platform in five years. This can be replicated throughout the world. That’s the goal. ” Full story on Forbes.com.

August 3, 2020 0 comment
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Nu Skin Reports Estimated Q2 Above Previous Guidance

Nu Skin Enterprises reported its estimated revenue for the second quarter of 2020 to be approximately $603 million to $608 million. The company previously forecasted second-quarter revenue of $520 million to $550 million. Pleased with its expected revenue, company executives credit “strong global customer growth with particular strength in the Americas and Europe.” Investments in technology and digital capabilities have also positively impacted business continuity as well as supported Brand Affiliates and customers. Nu Skin will report its second-quarter results, including earnings per share, and provide a revised outlook for the full-year 2020 on Aug. 5. 

August 1, 2020 0 comment
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Mary Kay Funds Scholarship Honoring Madam C.J. Walker

The Society of Cosmetic Chemists (SCC) has created the Madam C.J. Walker Scholarship with funding from Mary Kay Inc. to support minority students in the cosmetic sciences field. The scholarship will aid those pursuing an undergraduate or graduate degree as part of the SCC’s initiative to encourage diversity, equity, and inclusion in cosmetics and personal care. A pioneer of direct sales, Madam Walker (born Sarah Breedlove, 1867-1919) is regarded as the first female self-made millionaire in America. Born to former slaves, Walker transformed herself through entrepreneurship, developing a line of cosmetics and hair-care products for black women. 

August 1, 2020 0 comment
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Microsoft Closes All Retail Stores

Microsoft Corp. will permanently shut down all of its Microsoft Store locations as part of a “new approach to retail.” The company will turn four high-profile stores—Manhattan (Fifth Ave.), London (Oxford Circus), Sydney, Australia (Westfield Sydney) and Redmond, Washington—into “Microsoft Experience Centers” for customers to see demos, experience products, and learn about technology. Microsoft will also offer business and education consultations, host trainings, and continue community events and workshops. Store employees will resume serving customers remotely or from Microsoft corporate. According to a company spokesperson, the evolution of the Microsoft workforce has proven that customers with any number of needs can be served successfully remotely, and it is the future of work. 

August 1, 2020 0 comment
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Medifast Survey Indicates High Stress Levels During Pandemic

According to a recent survey conducted by Medifast, nearly nine out of 10 U.S. adults (88 percent) report feeling stress during the coronavirus pandemic. In addition, 82 percent of those surveyed are concerned about at least one aspect of their physical or mental health, and one-fifth are struggling to make progress on their health goals from before the pandemic. Medifast, parent company of OPTAVIA, surveyed more than 1,000 U.S. adults to understand how the pandemic and the subsequent shelter-in-place orders had impacted their ability to maintain and develop healthy habits, as well as how people are coping during this difficult time.

August 1, 2020 0 comment
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Herbalife Nutrition Announces Strong Cash Flow

Herbalife Nutrition Ltd. has commenced a “modified Dutch auction” self-tender offer to purchase up to $750 million of its common shares for cash at a per-share price not greater than $50.00 nor less than $44.75. The tender offer is scheduled to expire at 5:00 p.m., EDT, on Aug. 11, unless the offer is extended. The company also released preliminary volume point results for the second quarter ending June 30. Based on preliminary information, the company expects second-quarter 2020 volume points of approximately 1.7 billion, an increase of 12.4 percent compared to the second quarter 2019, representing the largest volume point quarter in company history.

August 1, 2020 0 comment
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Online Supplement Sales Expected to Double

Online sales of supplements will most likely double from 2019 to 2022, according to Nutrition Business Journal. With consumer behavior shifting through the COVID-19 pandemic, e-commerce is building momentum, and the supplement industry has seen significant impact. Although e-commerce, alone, has exploded—showing 26.5 percent, compared to brick and mortar at 2.8 percent within 2019—online supplement sales are anticipated to jump 61.4 percent in 2020. Isolation and stay-at-home orders have given consumers the opportunity to discover online platforms, and as a result, online sales are anticipated to continue that trend, growing to over $10 billion in 2022, up from $5 billion in 2019, as well as include 19.6 percent of all supplement sales by 2023.

August 1, 2020 0 comment
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Cindy Monroe Steps Down at Thirty-One, Elizabeth Thibaudeau Named CEO

Cindy Monroe will step down as CEO of Thirty-One Gifts, but maintain a role with the company, passing the torch to Elizabeth Thibaudeau, former CEO of Jamberry and executive at Nu Skin. Monroe founded Thirty-One Gifts in the basement of her Tennessee home in 2003, specializing in bags, accessories and personalized gifts. Additionally, Tracy Britt Cool, who worked closely with Warren Buffett as a key deputy at Berkshire Hathaway Inc., will take an ownership stake in Thirty-One Gifts. Through Kanbrick, the investment firm Britt Cool leads, she will become a partner and owner with founder Monroe.

August 1, 2020 0 comment
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