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Avon U.S. cosmetics, toiletry and fragrances sales climb 9% in second quarter.

This article was originally published in The Rose Sheet

Executive Summary

AVON ANEW TIME-RELEASE RETINOL RECOVERY COMPLEX SALES REACH 1 MIL. UNITS in the U.S. during the second quarter, driving the direct sales firm's cosmetics, toiletry and fragrance revenues up 9% over the prior-year period, Avon said. The U.S., Avon's largest market, posted a sales gain of 5% in the quarter, with the U.S. pretax profit slipping 3%, the company reported July 24. Avon's beauty segment generates over 50% of the company's U.S. business; 61% of Avon's worldwide revenues are generated by the CFT unit, the company noted.



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