Amway Sales Fell 10% To $10.8 Billion In 2014

Admin   |   05 February, 2015   |   424   |   3980

Amway Corp. announced sales of $10.8 billion for 2014, a 10 percent decline that company officials blamed on lower revenues in China and fluctuation in foreign currency exchange rates. 

"While 2014 revenues are lower than 2013, the company continues to exhibit strong long-term growth," the company said in an announcement released Wednesday, Feb. 4.

"Amway has grown by 68 percent in the last decade and achieved sales growth in 13 of the last 15 years," the company said. "In China, results have been strong as well – with growth rates over the past five and 10 years of 27 percent and 45 percent, respectively."

Privately held Amway does not release its sales figures by country, but China is generally regarded as its largest market.