REVLON NORTH AMERICA 1993 SALES FALL 5.6% TO $953.8 MIL.,
This article was originally published in The Rose Sheet
Executive Summary
REVLON NORTH AMERICA 1993 SALES FALL 5.6% TO $953.8 MIL., according to a statement of operations filed by Revlon Consumer Products with the Securities and Exchange Commission March 7. The company said the decline in North America (U.S. and Canada) sales was primarily "a result of weaker consumer demand and trade inventory reductions, the company's strategy of focusing on selected brands which resulted in lower sales volume of certain fragrances in the self-select distribution channel and several other non-recurring 1992 events, all partially offset by the positive effect of 1993 new product launches."