- Elevacity, SHRV’s health-and-wellness division, helps drive record sales; industry association reports that wellness is the single largest global and U.S. direct-selling category
- Direct selling worldwide is projected to reach $163.1 billion by 2020, with a CAGR of 4.9 percent; SHRV is expanding its direct selling efforts into more countries
- SHRV is pursuing international expansion, entering a joint venture agreement to market its Elepreneur brand and products in Asia
Sharing Services, Inc. (OTC: SHRV) has reported that the debut of its Elevacity health-and-wellness division helped drive its $2.4 million record in gross sales for March, doubling its total sales in February (http://nnw.fm/PvGn7). The World Federation of Direct Selling Associations (WFDSA) reports in its latest statistics that wellness was the single largest global and U.S. direct selling category in 2016, with a 35 percent market share (http://nnw.fm/ADp5N). Wellness also owns the largest direct sales share in the Asia/Pacific market (42 percent), North America (35 percent) and Western Europe (35 percent).
SHRV’s record March sales were driven by the combined success of its go-to-market strategy and its Elevacity division, the company said. Elevacity’s wellness products include…
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