« Worth Noting | Main | Site Down - Moving Hosts »
November 3, 2005
Sales Grow at Alticor
By QBlog in Miscellaneous
The Detroit Free Press reports that Alticor sales have grown for the sixth year in a row.
Sales at Alticor Inc., the Ada-based owner of direct-selling giant Amway, rose for the sixth consecutive year.
Alticor, which ranks third among Michigan's privately held companies, said Wednesday that sales at its global operation rose to $6.4 billion in the fiscal year that ended Aug. 31. The 3.6% growth was considerably slower than the previous year, when sales grew a whopping $1.3 billion, or 26%, from 2003. Last year's growth was propelled by sales in the Chinese market.
Elsewhere...
Comments
No, the Chinese market works differently. It seems that they have found a way around the cult aspect of Q.
Lies, lies, lies.
What they report is revenue, not profit.
What they don't break out is the revenue that comes from the contract manufacturing and logistics business Access Business Group does -vs- the MLM business (Amway/Quixtar).
Contact manufacturing is growing proportionately in the amount of revenue it brings in, but it is not as profitable, just covering overhead.
So quixtar is lying or deceptive? Sounds like par for the course.
"Last year's growth was propelled by sales in the Chinese market."
So now there's a lot of Chinese people losing money on tapes and seminars?
Posted by: Joecool18 | November 3, 2005 10:41 PM