The cosmetics retailers said Thursday its original restructuring plans are now expected to approach $900 million in savings.
New York-based Avon has already raised prices, cut jobs, closed some operations and moved some work to countries where labor is cheaper.
In addition, it also says it will cut another $200 million in annual supply chain costs by 2012 or 2013. Avon expects to begin making those cuts in the second half of the year at a cost of $300 million to $400 million.
Avon's fourth-quarter results disappointed analysts as the stronger dollar and weakened consumer spending slump crimped revenue.
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