Herbalife Ltd. Announces Record First Quarter Revenue and Raises FY'10 EPS Guidance
* First quarter adjusted EPS increased 44.1 percent to $0.98 compared to the prior year period.1
* Raises FY'10 EPS guidance range to a range of $3.80 to $3.90 on higher volume point and net sales growth.
* Company announces expansion of the current share repurchase authorization to $1 billion through 2014.
LOS ANGELES (BUSINESS WIRE) --Herbalife Ltd. (NYSE:HLF) today reported first quarter net sales increased 18.6 percent to $618.6 million and local currency net sales increased 13.3 percent compared to the same period in 2009. The record revenue reflects volume point growth of 6.2 percent and an increase in Average Active Sales Leaders of 7.4 percent, both compared to the first quarter of 2009. First quarter adjusted net income was $61.5 million, or $0.98 in adjusted diluted earnings per share, reflecting an increase of 46.7 percent and 44.1 percent, respectively, compared to the same period in 2009. The 2010 first quarter adjusted results exclude a $9.7 million negative impact to net income, or $0.15 net charge to EPS due to the implementation of highly-inflationary accounting in Venezuela.
For the quarter ended March 31, 2010, the company reported net income of $51.9 million, or $0.83 per diluted share compared to $41.5 million or $0.67 per diluted share in the first quarter of 2009, primarily reflecting the contribution margin from higher volume combined with currency benefits and a lower effective tax rate partially offset by the impact of the implementation of highly-inflationary accounting in Venezuela noted above.
For the three months ended March 31, 2010, the company generated cash flow from operations of $87.4 million, paid dividends of $12.1 million, invested $11.6 million in capital expenditures and repurchased $28.0 million in common stock. The company's net debt balanceat the end of the first quarter was $82.1 million, reflecting an improvement of $17.4 million from December 31, 2009.
The first quarter operating margin of 10.3 percent was negatively impacted by 390 basis points from one-time items associated with the implementation of highly-inflationary accounting in Venezuela. Excluding this impact, adjusted operating income margin was 14.2 percent, a 210bps improvement from the prior year's adjusted operating margin.
"Our Distributors ongoing success using daily consumption business models is fueling the company's momentum and driving continued growth," said Chairman and Chief Executive Officer Michael O. Johnson. "They are in the early innings of the global expansion of these business models, which have the potential to reach dramatically deeper into the marketplace and attract more consumers."
The North America region reported volume points of 220.1 million in the first quarter of 2010, reflecting an increase of 18.0 percent versus the same period of 2009. Volume point growth in the U.S., the largest country in the region, increased 18.7 percent compared to 2009, reflecting an increase in both the Latin market and General market of 21.3 percent and 14.3 percent respectively compared to the first quarter of 2009. For the quarter, Average Active Sales Leaders in the region increased 13.8 percent compared to the prior year period.
The Asia Pacific region reported volume points of 152.2 million in the first quarter of 2010, reflecting an increase of 5.0 percent over the same period of 2009 despite the negative impact of Taiwan, where volume points declined 28.2 percent as that country anniversaried the one-time favorable benefit of the government stimulus coupon program in the first quarter of 2009. Top countries in the region include Korea, with volume point growth of 70.1 percent and India where volume point growth was 51.9 percent, both compared to the same period in 2009. Average Active Sales Leaders in the quarter improved 18.9 percent compared to the same period in 2009.
The Europe, Middle East and Africa (EMEA) region reported volume points of 119.5 million in the first quarter of 2010, reflecting a decrease of 3.7 percent versus the same period in 2009. The top market in this region was Italy where volume points declined 2.7 percent compared to the same period in 2009. Average Active Sales Leaders in EMEA were essentially flat, declining 0.2 percent for the quarter compared to the prior year period.
The Mexico region reported volume points of 124.2 million in the first quarter of 2010, reflecting an increase of 3.2 percent versus the same period of 2009. Average Active Sales Leaders in Mexico increased 3.9 percent for the quarter. During the quarter the company expanded its fixed distribution locations by more than 300 through its ongoing distribution agreement with a Mexican store chain which we believe will improve distributor access to our products.
The South and Central America region reported volume points of 101.1 million in the first quarter of 2010, reflecting a decrease of 1.5 percent versus the same period of 2009. During the first quarter, the top markets in this region were Brazil, with volume point growth of 1.3 percent and Venezuela, with a volume point increase of 2.0 percent, both compared to the same period in 2009. Average Active Sales Leaders improved 2.0 percent for the quarter compared to 2009.
The China region reported volume points of 25.6 million in the first quarter of 2010, reflecting an increase of 22.8 percent over the same period of 2009. The company currently operates through 75 retail store locations in 30 provinces and is licensed for direct sales in 11 provinces. Average Active Sales Leaders increased 5.7 percent for the quarter compared to the same period in 2009.
SOURCE: Herbalife Press Release
Tuesday, May 4, 2010
INDUSTRY NEWS: Loblaw releases its third annual Corporate Social Responsibility Report
Loblaw releases its third annual Corporate Social Responsibility Report
BRAMPTON, ON /CNW/ - Today Loblaw Companies Limited (Loblaw) is pleased to announce the release of its third annual Corporate Social Responsibility (CSR) report. The 2009 Loblaw Companies Limited Corporate Social Responsibility Report: The Way We Do Business, outlines the Company's approach to social responsibility and presents the Company's achievements and goals to address some of the major environmental and social challenges that lie ahead.
Loblaw's mission is to be Canada's best food, health and home retailer by exceeding customer expectations through innovative products at great prices. Meeting our corporate social responsibility (CSR) obligations is the way we do business.
Our CSR commitments link to our business through five pillars: Respect the Environment; Source with Integrity; Make a Positive Difference in Our Community; Reflect Our Nation's Diversity; and Be a Great Place to Work. Operations are reviewed and assessed against these pillars, and performance is reported through vehicles such as this CSR report.
"We are making good progress while upholding our core values and embedding a firm commitment to corporate social responsibility," says Galen G. Weston, executive chairman, Loblaw Companies Limited. "Our goal is to meet the needs of today while preparing to address the social impacts facing Canada in the future."
Highlights:
Plastic Bag Diversion: In 2009, as part of the Respect the Environment CSR pillar, Loblaw corporate and participating franchise stores implemented a national five-cent charge for every plastic bag provided at check out. This action led to the diversion of more than 1.3 billion plastic bags being diverted from Canadian landfills by the end of 2009.
Improved fuel efficiency: Loblaw also concentrated its efforts on reducing its carbon footprint and achieved a two per cent improvement in transport fleet fuel efficiency per kilometre.
Sourcing with Integrity: As part of the Source with Integrity CSR pillar, Loblaw announced its commitment to sustainably source 100 per cent of all seafood sold in its stores by year-end 2013. The Company also increased the number of frozen sustainable seafood products available to Canadians to 16 Marine Stewardship Council (MSC) certified products.
"At Loblaw we are committed to reducing the environmental impact of our products and operations and through innovation, implementing more responsible approaches to our business," says Bob Chant, vice president, Corporate Affairs, Loblaw Companies Limited. "We have set specific CSR business objectives and targets in areas where we can have the greatest impact. We have also implemented a systematic approach to measure our actions, which will help us engage stakeholders and clearly let them know what we stand for and how they can partner with us to effect positive change. The key focus for 2010 is to reduce our carbon footprint, continue to divert waste and improve our efforts to source products responsibly."
Additional highlights from 2009 include:
- Reduced national refrigerant leak rate by five per cent as a result
of 56 corporate banner stores having alternate refrigeration systems
that significantly reduce refrigerant requirements
- Established a target to reduce non-recyclable packaging on private
label brands by 50 per cent by 2013 and once completed, packaging
will be 79 per cent recyclable
- Celebrated the 20th anniversary of PC(R) G.R.E.E.N(TM) by expanding
the product line to 44 products
- Installed a wind turbine at the Atlantic Superstore in Porters Lake,
Nova Scotia
- Granted $8.9 million to more than 1,500 families across Canada
through President's Choice(R) Children's Charity
- Announced corporate donation of more than $24 million to help support
local charities, programs and organizations across Canada
- Grew sales of Canadian produce by 16 per cent during our Grown Close
to Home(TM) campaign
- Reduced sodium content in more than 50 private label products
- Increased the number of female store managers by 53.7 per cent since
2008
- Ranked 10th in Corporate Knight's magazine ranking of the best 50
Corporations in Canada
- Recognized as one of Jantzi-Maclean's 50 Most Socially Responsible
Corporations
SOURCE: CNW Newswire Press Release
BRAMPTON, ON /CNW/ - Today Loblaw Companies Limited (Loblaw) is pleased to announce the release of its third annual Corporate Social Responsibility (CSR) report. The 2009 Loblaw Companies Limited Corporate Social Responsibility Report: The Way We Do Business, outlines the Company's approach to social responsibility and presents the Company's achievements and goals to address some of the major environmental and social challenges that lie ahead.
Loblaw's mission is to be Canada's best food, health and home retailer by exceeding customer expectations through innovative products at great prices. Meeting our corporate social responsibility (CSR) obligations is the way we do business.
Our CSR commitments link to our business through five pillars: Respect the Environment; Source with Integrity; Make a Positive Difference in Our Community; Reflect Our Nation's Diversity; and Be a Great Place to Work. Operations are reviewed and assessed against these pillars, and performance is reported through vehicles such as this CSR report.
"We are making good progress while upholding our core values and embedding a firm commitment to corporate social responsibility," says Galen G. Weston, executive chairman, Loblaw Companies Limited. "Our goal is to meet the needs of today while preparing to address the social impacts facing Canada in the future."
Highlights:
Plastic Bag Diversion: In 2009, as part of the Respect the Environment CSR pillar, Loblaw corporate and participating franchise stores implemented a national five-cent charge for every plastic bag provided at check out. This action led to the diversion of more than 1.3 billion plastic bags being diverted from Canadian landfills by the end of 2009.
Improved fuel efficiency: Loblaw also concentrated its efforts on reducing its carbon footprint and achieved a two per cent improvement in transport fleet fuel efficiency per kilometre.
Sourcing with Integrity: As part of the Source with Integrity CSR pillar, Loblaw announced its commitment to sustainably source 100 per cent of all seafood sold in its stores by year-end 2013. The Company also increased the number of frozen sustainable seafood products available to Canadians to 16 Marine Stewardship Council (MSC) certified products.
"At Loblaw we are committed to reducing the environmental impact of our products and operations and through innovation, implementing more responsible approaches to our business," says Bob Chant, vice president, Corporate Affairs, Loblaw Companies Limited. "We have set specific CSR business objectives and targets in areas where we can have the greatest impact. We have also implemented a systematic approach to measure our actions, which will help us engage stakeholders and clearly let them know what we stand for and how they can partner with us to effect positive change. The key focus for 2010 is to reduce our carbon footprint, continue to divert waste and improve our efforts to source products responsibly."
Additional highlights from 2009 include:
- Reduced national refrigerant leak rate by five per cent as a result
of 56 corporate banner stores having alternate refrigeration systems
that significantly reduce refrigerant requirements
- Established a target to reduce non-recyclable packaging on private
label brands by 50 per cent by 2013 and once completed, packaging
will be 79 per cent recyclable
- Celebrated the 20th anniversary of PC(R) G.R.E.E.N(TM) by expanding
the product line to 44 products
- Installed a wind turbine at the Atlantic Superstore in Porters Lake,
Nova Scotia
- Granted $8.9 million to more than 1,500 families across Canada
through President's Choice(R) Children's Charity
- Announced corporate donation of more than $24 million to help support
local charities, programs and organizations across Canada
- Grew sales of Canadian produce by 16 per cent during our Grown Close
to Home(TM) campaign
- Reduced sodium content in more than 50 private label products
- Increased the number of female store managers by 53.7 per cent since
2008
- Ranked 10th in Corporate Knight's magazine ranking of the best 50
Corporations in Canada
- Recognized as one of Jantzi-Maclean's 50 Most Socially Responsible
Corporations
SOURCE: CNW Newswire Press Release
INDUSTRY BUZZ: For BC Consumers, Retailer Customer Service is King
According to a new Ipsos Reid Survey, customer service beats out pricing, products and convenience when it comes to defining retailer excellence.
___________________________________
For BC Consumers, Retailer Customer Service is King
Service beats out pricing, products and convenience in defining retailer excellence. Independently owned retailers are most likely to be viewed as excellent.
Vancouver, BC – Ipsos Reid’s 2010 Excellence in Retailing Study conducted jointly with Shelfspace – The Association for Retail Entrepreneurs, reveals that a retailer’s customer service goes a long way to win over potential customers in BC.
While all tested aspects of a retailer’s offering are viewed by a majority of BC consumers as important contributors in judging a retailer’s performance, the one factor that rises above all others is how the retailer treats them. Four in ten BC consumers (40%) choose “customer service that is both excellent and fits your needs” as the single most important aspect when judging a retailer’s performance.
The next two factors that are viewed as the most important contributors to retailing excellence (by about half as many BC consumers) are price overall being low or competitive, the value for the price charged (23%); and the products and services they offer are excellent, exactly what you want-quality, selection, uniqueness, etc. (20%).
The convenience of the experience, which can include the store location being close by or easily accessible, good parking, good hours, etc. is considered the most important factor in judging a retailer’s performance by fewer than one in ten BC consumers (8%).
All remaining aspects of a retailer’s offering appear to be the most important contributors to retailing excellence for only a small percentage of BC consumers. These include how the store or website feels (3%), what else they do, such as being a good corporate citizen (3%), and how they reward you for being a good customer (3%).
Catherine Dawson, Vice President and head of Ipsos Reid’s retail industry team in Vancouver elaborates, “These results show that service should be the number one priority for retailers who want to be known for excellence. Prices, products and convenience are all important, but delivering those things without strong customer service is a mistake."
With the emphasis placed on how a retailer treats their customers ranking so high in importance for BC consumers, it perhaps follows that more BC consumers view independently owned retailers – who might provide a more personal level of customer service – as excellent retailers compared to all other types tested. A majority of BC consumers (52%) consider most of BC’s independently owned retailers to be excellent overall compared to about one in three retailers that are part of a chain (36% where each store is owned by an individual franchisee, 31% where each store is owned by a company). Department stores and big box stores fare less favourably as only about one in four BC consumers say that most of these types of BC retailers (27% department stores, 25% big box stores) are excellent retailers overall.
”Quality retailers know what makes them stand out to their customers, and have been honing their service skills for years” said Mark Startup, President and CEO of Shelfspace. “These are entrepreneurs who spend time thinking about and working on their business instead of being caught in their businesses. Many of these retailers will be at the Passion for Retail Conference in early May to hone their skills around the art and the science of retail.”
This study is part of Ipsos Reid’s 2010 Retail Trends in British Columbia Study which features regular special feature reports on current events in the retail industry. The study is available at a reduced price to all members of Shelfspace – The Association for Retail Entrepreneurs.
These are the findings of an Ipsos Reid study fielded from March15 to 21, 2010. This online survey of 628 adult British Columbians was conducted using Ipsos Reid’s proprietary “Voice of the West Interactive Forum” – an online panel of more than 5,000 British Columbians who have been randomly recruited to match the overall characteristics of the adult residents of the province. Statistical margins of error are not applicable to online studies of this nature, however, an unweighted probability sample of this size, with a 100% response rate, would have an estimated margin of error of +/- 3.9 percentage points, 19 times out of 20.
SOURCE: Ipsos Reid
___________________________________
For BC Consumers, Retailer Customer Service is King
Service beats out pricing, products and convenience in defining retailer excellence. Independently owned retailers are most likely to be viewed as excellent.
Vancouver, BC – Ipsos Reid’s 2010 Excellence in Retailing Study conducted jointly with Shelfspace – The Association for Retail Entrepreneurs, reveals that a retailer’s customer service goes a long way to win over potential customers in BC.
While all tested aspects of a retailer’s offering are viewed by a majority of BC consumers as important contributors in judging a retailer’s performance, the one factor that rises above all others is how the retailer treats them. Four in ten BC consumers (40%) choose “customer service that is both excellent and fits your needs” as the single most important aspect when judging a retailer’s performance.
The next two factors that are viewed as the most important contributors to retailing excellence (by about half as many BC consumers) are price overall being low or competitive, the value for the price charged (23%); and the products and services they offer are excellent, exactly what you want-quality, selection, uniqueness, etc. (20%).
The convenience of the experience, which can include the store location being close by or easily accessible, good parking, good hours, etc. is considered the most important factor in judging a retailer’s performance by fewer than one in ten BC consumers (8%).
All remaining aspects of a retailer’s offering appear to be the most important contributors to retailing excellence for only a small percentage of BC consumers. These include how the store or website feels (3%), what else they do, such as being a good corporate citizen (3%), and how they reward you for being a good customer (3%).
Catherine Dawson, Vice President and head of Ipsos Reid’s retail industry team in Vancouver elaborates, “These results show that service should be the number one priority for retailers who want to be known for excellence. Prices, products and convenience are all important, but delivering those things without strong customer service is a mistake."
With the emphasis placed on how a retailer treats their customers ranking so high in importance for BC consumers, it perhaps follows that more BC consumers view independently owned retailers – who might provide a more personal level of customer service – as excellent retailers compared to all other types tested. A majority of BC consumers (52%) consider most of BC’s independently owned retailers to be excellent overall compared to about one in three retailers that are part of a chain (36% where each store is owned by an individual franchisee, 31% where each store is owned by a company). Department stores and big box stores fare less favourably as only about one in four BC consumers say that most of these types of BC retailers (27% department stores, 25% big box stores) are excellent retailers overall.
”Quality retailers know what makes them stand out to their customers, and have been honing their service skills for years” said Mark Startup, President and CEO of Shelfspace. “These are entrepreneurs who spend time thinking about and working on their business instead of being caught in their businesses. Many of these retailers will be at the Passion for Retail Conference in early May to hone their skills around the art and the science of retail.”
This study is part of Ipsos Reid’s 2010 Retail Trends in British Columbia Study which features regular special feature reports on current events in the retail industry. The study is available at a reduced price to all members of Shelfspace – The Association for Retail Entrepreneurs.
These are the findings of an Ipsos Reid study fielded from March15 to 21, 2010. This online survey of 628 adult British Columbians was conducted using Ipsos Reid’s proprietary “Voice of the West Interactive Forum” – an online panel of more than 5,000 British Columbians who have been randomly recruited to match the overall characteristics of the adult residents of the province. Statistical margins of error are not applicable to online studies of this nature, however, an unweighted probability sample of this size, with a 100% response rate, would have an estimated margin of error of +/- 3.9 percentage points, 19 times out of 20.
SOURCE: Ipsos Reid
Monday, May 3, 2010
INDUSTRY BUZZ: Clean green with natural products - Toronto Sun
Natural cleaning products were in the news recently - specifically, in a Toronto Sun article that trumpeted the environmental benefits of using natural and organic household cleansers and other cleaning products. According to the article, the market is evolving to meet the demands of more health-conscious consumers. Have you adjusted your stock to meet these needs?
___________________
Clean green with natural products
By SHARON ASCHAIEK, Special to QMI Agency
Chemical-based cleansers may keep your house clean, but they’re just plain dirty for the environment.
“These substances are going down the drain and affecting our water systems,” says Allison Sletcher, founder of Toronto-based Earth Concerns Cleaning Services (www.earthconcerns.com).
However, Sletcher says, the market is evolving to meet the demands of more eco-savvy and health-conscious consumers by offering more organic cleansers.
“You used to have to get these products at specialty stores,” she says. “Now, you’re starting to see more choices in large grocery stores.”
Sletcher offers some tips on green cleaning:
Soap it up
When it comes to most surfaces, including counters, linoleum and hardwood floors, windows and tables, good old soap and water does the trick, Sletcher says.
“Vegetable-based all-purpose soap is designed to pick up dirt, and it does the job just fine."
If you have hardwood floors, she says, you might want to check the floor manufacturer’s recommendations about cleaning them, as some suggest minimizing dampness.
As well, Sletcher says, steer clear of cleaning antiques and valuables excessively.
Vinegar is divine
A mixture of vinegar and water also offers a great, natural way to clean most surfaces, says Sletcher, who recommends using two parts water and one part vinegar.
“Vinegar works well on hardwood floors or regular floors because it leaves no water marks."
A water-and-vinegar mixture is also a popular window cleaner because it's effective and can be used in a spray bottle, which makes it easier to clean.
Pulling out the big guns
For grimier surfaces that require scouring, such as kitchen and bathroom sinks, bathtubs and toilets, baking soda and washing soda are your best bets, Sletcher says.
“These are raw ingredients that are found in a lot of cleansers. When you mix them with water, you get a paste that you can use to scour.”
Scents don't make sense
When buying natural cleansers, look for ones with few or no chemicals, such as Simply Clean, Nature Clean, EcoCover and Seventh Generation.
Whichever brands you buy, ensure they also don’t include any dyes or scents, Sletcher recommends.
“There’s a psychological element associated with smell, in that we think something is clean when it smells fresh. In fact, there doesn’t have to be a scent for something to be clean.”
Tools of the trade
The actual tools you use to clean matter as much as the cleansing solutions, says Sletcher.
While the market is rife with new disposable cleaning equipment, such as short/single-use mops and cleansing sponges, these throw-away products only further clog our landfills, she says.
Sletcher suggests using traditional sponges, cloths and the like that will last longer.
“Microfibre mops work well on many surfaces and last a long time, with many designed for dry or wet use.”
SOURCE: Toronto Sun
___________________
Clean green with natural products
By SHARON ASCHAIEK, Special to QMI Agency
Chemical-based cleansers may keep your house clean, but they’re just plain dirty for the environment.
“These substances are going down the drain and affecting our water systems,” says Allison Sletcher, founder of Toronto-based Earth Concerns Cleaning Services (www.earthconcerns.com).
However, Sletcher says, the market is evolving to meet the demands of more eco-savvy and health-conscious consumers by offering more organic cleansers.
“You used to have to get these products at specialty stores,” she says. “Now, you’re starting to see more choices in large grocery stores.”
Sletcher offers some tips on green cleaning:
Soap it up
When it comes to most surfaces, including counters, linoleum and hardwood floors, windows and tables, good old soap and water does the trick, Sletcher says.
“Vegetable-based all-purpose soap is designed to pick up dirt, and it does the job just fine."
If you have hardwood floors, she says, you might want to check the floor manufacturer’s recommendations about cleaning them, as some suggest minimizing dampness.
As well, Sletcher says, steer clear of cleaning antiques and valuables excessively.
Vinegar is divine
A mixture of vinegar and water also offers a great, natural way to clean most surfaces, says Sletcher, who recommends using two parts water and one part vinegar.
“Vinegar works well on hardwood floors or regular floors because it leaves no water marks."
A water-and-vinegar mixture is also a popular window cleaner because it's effective and can be used in a spray bottle, which makes it easier to clean.
Pulling out the big guns
For grimier surfaces that require scouring, such as kitchen and bathroom sinks, bathtubs and toilets, baking soda and washing soda are your best bets, Sletcher says.
“These are raw ingredients that are found in a lot of cleansers. When you mix them with water, you get a paste that you can use to scour.”
Scents don't make sense
When buying natural cleansers, look for ones with few or no chemicals, such as Simply Clean, Nature Clean, EcoCover and Seventh Generation.
Whichever brands you buy, ensure they also don’t include any dyes or scents, Sletcher recommends.
“There’s a psychological element associated with smell, in that we think something is clean when it smells fresh. In fact, there doesn’t have to be a scent for something to be clean.”
Tools of the trade
The actual tools you use to clean matter as much as the cleansing solutions, says Sletcher.
While the market is rife with new disposable cleaning equipment, such as short/single-use mops and cleansing sponges, these throw-away products only further clog our landfills, she says.
Sletcher suggests using traditional sponges, cloths and the like that will last longer.
“Microfibre mops work well on many surfaces and last a long time, with many designed for dry or wet use.”
SOURCE: Toronto Sun
EXECUTIVE SUITE - Exclusive Newsletter Feature
Coming soon - a brand new feature to the ihr newsletter!
Sheldon Baker, of the Baker Dillon Group, will be contributing a weekly column entitled Executive Suite, in which he will interview top management in the natural products industry, including managers, directors, VPs, Presidents/CEOs and Founders across the natural supplement, food and cosmetic works industries.
Do you have questions you'd like to ask? Is there someone you'd like to see featured in Executive Suite? Let us know.
Watch for Executive Suite, coming soon!
Sheldon Baker, of the Baker Dillon Group, will be contributing a weekly column entitled Executive Suite, in which he will interview top management in the natural products industry, including managers, directors, VPs, Presidents/CEOs and Founders across the natural supplement, food and cosmetic works industries.
Do you have questions you'd like to ask? Is there someone you'd like to see featured in Executive Suite? Let us know.
Watch for Executive Suite, coming soon!
INDUSTRY NEWS: Karma Nutritionals Offers Choice for Canadian Health Retailers
Karma Nutritionals Offers a Choice for Canadian Health Retailers
Vancouver, BC – Karma Nutritionals will bring fresh, new, health products to the Canadian Marketplace. Karma is a distributor of sports and wellness supplements with exclusive distribution of brands including: PharmaFreak, NeoGea, Hyper Strength, PHD, Shaker Pro and Steve Nash’s OneBode.
While the company is new, familiar faces are at the helm of this entity. Greg Cowan, former owner of PureSource and Jennifer Walker long time Marketing Director at Fit Foods have joined forces to head up Karma Nutritionals.
Cowan played a key role in the industry success story Pure Source (www.puresource.ca). During his 10-year period with the company, it was named among the top 100 fastest growing corporations by Profit.
Following up that success, he moved on to found Nature’s Essence, which quickly became the largest certified organic herbal company in North America. After gaining such a remarkable foundation of knowledge and experience, Cowan decided to share his expertise through consultation for some of the largest international nutraceutical companies in the world. Most recently, he had re-entered the distribution game working with Fit Foods during their rebranding years. It was here that Greg Cowan remembered how much he enjoyed working with the retailers in Canada and the USA and ultimately made him realize it was time to build another distribution company.
“I’m absolutely ready to start again to build a new distribution company. This time I don’t want 10 000 skus in the catalogue. I learned from that experience, I want to stay focused on 8-10 brands with top selling products. I want me and my team to know them inside out and to have the time to educate and develop the brands,” said Greg Cowan.
Walker was a 10 year veteran of the Fit Foods team working in customer service, sales and marketing, eventually becoming Director of Marketing. She was an integral part of the growth and rebranding of Fit Foods and worked on successful brands like Whey Gourmet, North Coast Naturals and PVL.
“Karma Nutritionals is a new chapter in my life. I think you need to get out of your comfort zone and push yourself to grow and develop. It was time for me to drive myself to a new level, I am very excited to take on this new challenge.” Says Jennifer Walker
The idea for Karma Nutritionals came about relatively quickly when co owners Greg Cowan and Jennifer Walker recognized an opportunity to create a focused distribution company for premium brands. The Karma catalogue will feature a diversified product offering from unique product lines that spans the gamut from Bodybuilding to Children’s Vitamins.
Karma Nutritionals was born out of a desire to provide excellence in all that we do including the products we offer, the service we provide, and the relationships we build. Karma, it’s a way of life, a way to measure why you make the decisions you make. It is a way to be right with yourself and to receive what you give. Karma is a great name for a company that wants to make sure that their decisions are coming
from a place of goodness, growth, health, prosperity and happiness. At Karma Nutritionals the aim is to create an engaged and productive work environment where professionalism is valued and where our retail partners feel like a part of the team.
SOURCE: Karma Nutritionals Press Release
Vancouver, BC – Karma Nutritionals will bring fresh, new, health products to the Canadian Marketplace. Karma is a distributor of sports and wellness supplements with exclusive distribution of brands including: PharmaFreak, NeoGea, Hyper Strength, PHD, Shaker Pro and Steve Nash’s OneBode.
While the company is new, familiar faces are at the helm of this entity. Greg Cowan, former owner of PureSource and Jennifer Walker long time Marketing Director at Fit Foods have joined forces to head up Karma Nutritionals.
Cowan played a key role in the industry success story Pure Source (www.puresource.ca). During his 10-year period with the company, it was named among the top 100 fastest growing corporations by Profit.
Following up that success, he moved on to found Nature’s Essence, which quickly became the largest certified organic herbal company in North America. After gaining such a remarkable foundation of knowledge and experience, Cowan decided to share his expertise through consultation for some of the largest international nutraceutical companies in the world. Most recently, he had re-entered the distribution game working with Fit Foods during their rebranding years. It was here that Greg Cowan remembered how much he enjoyed working with the retailers in Canada and the USA and ultimately made him realize it was time to build another distribution company.
“I’m absolutely ready to start again to build a new distribution company. This time I don’t want 10 000 skus in the catalogue. I learned from that experience, I want to stay focused on 8-10 brands with top selling products. I want me and my team to know them inside out and to have the time to educate and develop the brands,” said Greg Cowan.
Walker was a 10 year veteran of the Fit Foods team working in customer service, sales and marketing, eventually becoming Director of Marketing. She was an integral part of the growth and rebranding of Fit Foods and worked on successful brands like Whey Gourmet, North Coast Naturals and PVL.
“Karma Nutritionals is a new chapter in my life. I think you need to get out of your comfort zone and push yourself to grow and develop. It was time for me to drive myself to a new level, I am very excited to take on this new challenge.” Says Jennifer Walker
The idea for Karma Nutritionals came about relatively quickly when co owners Greg Cowan and Jennifer Walker recognized an opportunity to create a focused distribution company for premium brands. The Karma catalogue will feature a diversified product offering from unique product lines that spans the gamut from Bodybuilding to Children’s Vitamins.
Karma Nutritionals was born out of a desire to provide excellence in all that we do including the products we offer, the service we provide, and the relationships we build. Karma, it’s a way of life, a way to measure why you make the decisions you make. It is a way to be right with yourself and to receive what you give. Karma is a great name for a company that wants to make sure that their decisions are coming
from a place of goodness, growth, health, prosperity and happiness. At Karma Nutritionals the aim is to create an engaged and productive work environment where professionalism is valued and where our retail partners feel like a part of the team.
SOURCE: Karma Nutritionals Press Release
INDUSTRY NEWS: Enzymedica Launches New Web Portal
Enzymedica Announces Launch of www.Enzymedica.co.uk Portal
United States based enzyme manufacturer, Enzymedica, has announced a partnership
with TMC Ventures, Inc. to launch www.Enzymedica.co.uk. The new web portal offers
Enzymedica’s award winning Digestive and Supportive enzyme products to the United
Kingdom and European markets.
Among the items currently available on the new website are Enzymedica’s award winning
digestive enzyme supplements, the two top selling digestive enzymes on the US market according to SPINS, a market research and consulting firm for the Natural Products Industry.
SOURCE: Enzymedica Press Release
United States based enzyme manufacturer, Enzymedica, has announced a partnership
with TMC Ventures, Inc. to launch www.Enzymedica.co.uk. The new web portal offers
Enzymedica’s award winning Digestive and Supportive enzyme products to the United
Kingdom and European markets.
Among the items currently available on the new website are Enzymedica’s award winning
digestive enzyme supplements, the two top selling digestive enzymes on the US market according to SPINS, a market research and consulting firm for the Natural Products Industry.
SOURCE: Enzymedica Press Release
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