Reuters: Mergers News: Avon's sales slip as company loses more reps

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Avon's sales slip as company loses more reps May 1st 2012, 11:14 Tue May 1, 2012 7:14am EDT May 1 (Reuters) - Avon Products Inc's reported a narrower first-quarter net profit as the cosmetics company again sold fewer items and the number of active sales representatives fell 2 percent. The cosmetics direct-seller reported a net profit of $26.5 million on revenue of $2.58 billion in the quarter that ended March 31, compared with net income of $143.6 million on revenue of $2.63 billion a year earlier.

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