Quixtar Cracks $1 Billion Sales Mark For Fifth Straight Year

Michigan Technology News:

"Quixtar, the online business site for Alticor, reported Wednesday that its sales fell slightly in 2007, but remained above the $1 billion-mark for the fifth consecutive year.

But the company did not provide any further financial guidance on the exact sales figure for Quixtar or net income.

Quixtar in North America will gradually transition to the Amway name by 2009.

Alticor and its subsidiaries, including Quixtar, reported record sales of more than $7.1 billion for the year ended Dec. 31, a 12-percent increase over the $6.3 billion recorded in 2006.

The Quixtar.Com site was substantially revised in 2007, allowing easier and simpler navigation and offering more product information to consumers. Training and support to Independent Business Owners (IBOs) is bolstered by the launch of Quixtar University, which will provide IBOs with Web-based sales and brand training."