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Sandra Harris Appointed Tupperware Chief Financial Officer

Chris O'Leary

Tupperware Brands Corporation recently announced the appointment of Cassandra “Sandra” Harris as executive vice president and chief financial officer effective April 1, 2019. Harris succeeds Michael Poteshman, who recently announced his retirement after a 25-year career with the Company. He will remain until March 31, 2019, and provide consulting services through September 30, 2019, to ensure an orderly transition. “We…

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Direct Selling-Style Retail Expected to Thrive in UK in 2019

Retailers using a business model similar to Tupperware parties or Avon’s door-to-door selling are expected to see strong growth in the UK this year. According to a story in the Retail Gazette, an independently sourced news organization covering the UK’s diverse retail industry, the UK Direct Selling Association (DSA) said it expected to see strong growth within the…

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Tupperware Brands Announces 2019 Global Links Scholar

Tupperware Brands Corporation recently announced that Dr. Denise Poiani Delboni of Brazil is the next scholar to be selected to its cross-cultural exchange program Global Links. The program, co-founded with the Crummer Graduate School of Business at Rollins College and supported by U.S. Department of State’s Office of Global Women’s Issues, is designed to build capacity for women’s social…

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Tupperware Q4 2018 Net Sales Down 14%

Tupperware Q3

Tupperware Brands Corporation announced fourth quarter 2018 net sales were $505.9 million, down 14 percent (7% local currency) compared to fourth quarter 2017. Emerging markets, accounting for 67 percent of sales, were down 15 percent (down 5% local currency). The emerging market operating units with the most significant local currency sales growth in the fourth quarter…

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Tupperware Brands Adds Chris O’Leary to Board of Directors

Chris O'Leary

Tupperware Brands Corporation (NYSE: TUP) recently announced that Christopher D. O’Leary has been elected to the company’s board of directors, effective immediately. “We are pleased to have Chris join our board,” said Executive Chairman Rick Goings. “He brings more than 37 years of operational and leadership experience to Tupperware, having served in several strategically important executive positions…

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Public Companies Faring Well Through First 3 Quarters of 2018

Wall Street

U.S public direct selling companies are enjoying a profitable year through the first nine months of 2018. Four billion-dollar companies—Herbalife Nutrition (up 11%), Nu Skin (up 23.7%), Primerica (up 13%) and USANA (up 14.9%)—are on track to surpass net sales from 2017. The other billion-dollar US company, Tupperware, is experiencing lower than usual sales for…

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USANA Q3 Net Sales Up 13.4%; Tupperware Down 10%

Finance Financial Results Growth

USANA Health Sciences, Inc. (NYSE: USNA) and Tupperware (NYSE: TUP) have announced financial results for the third quarter of 2018. USANA USANA net sales were $296.8 million, compared with $261.8 million in the prior-year period, a 13.4 percent increase year-over-year. The company’s skin and personal care product category contributed approximately $9.5 million in incremental sales for the quarter. The company’s total…

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Tupperware Brands CFO Poteshman to Retire After 25 Years

Tupperware Q3

Tupperware Brands Corporation recently announced that following a successful 25-year career with the company, Michael S. Poteshman plans to retire from his role as executive vice president and chief financial officer (CFO). Poteshman will continue in his role until March 1, 2019, following the company’s fiscal year 2018 financial closing process. Poteshman joined the company’s former parent company, Premark International, Inc.…

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Public Direct Sellers: Strong Q2 for Wellness Companies

The stocks of the six publicly traded direct selling companies we follow that are listed in the U.S., Herbalife Nutrition (HLF), Medifast (MED), Nu Skin (NUS), Tupperware (TUP), USANA (USNA) and London-based Avon Products (AVP), on balance continued their strong run in the Q2. Through the first six months of the year, our proprietary Lane…

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Tupperware Releases 2016-2017 Sustainability Report

Chris O'Leary

Orlando, Fla.-based Tupperware Brands Corporation released its 2016–2017 corporate social responsibility (CSR) report detailing its latest efforts to make a lasting effect on the lives of women globally and to reduce environmental impact. “At Tupperware Brands, we recognize our responsibility as a global leader to play an active role in the lives of our 3…

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