Posts Tagged ‘Tupperware’
Financial Analysis
Public Direct Sellers: Why We Have “Regulatory” and “China” as Risk Factors; Stocks Feeling the Pain China deteriorates substantially, and it’s not geopolitics Business in China for the publicly traded Direct Selling stocks slowed substantially in the Q2 due to the government’s crackdown on direct selling nutrition companies earlier in the year. The most exposed…
Read MoreTricia Stitzel Named Tupperware Brands Chairman of the Board
Tupperware Brands announced that Patricia A. Stitzel has been appointed Chairman of the Board effective May 22, 2019, following the company’s annual meeting of shareholders. Stitzel is the first woman to hold this position in the company’s 70-year history and takes on this responsibility in addition to her existing role of chief executive officer, which…
Read MoreTupperware Donates 43,000 Reusable Drinking Items
Tupperware Brands Corporation recently announced the donation of 43,000 reusable drinking items to Clean the World Foundation, a global leader in WASH (water, sanitization and hygiene) and sustainability. The donation comes as a result of Tupperware’s 2019 Buy One, Give One campaign held last month in the US and Canada in honor of World Water Day. From March…
Read MoreTupperware Sales Down 10% in Q1 2019
Tupperware Brands Corporation today announced first quarter 2019 net sales of $487.3 million. Net sales were down 10 percent (2% local currency). Emerging markets, accounting for 69 percent of sales, were down 11 percent (down 3% local currency). The emerging market operating units with the most significant local currency sales growth in the first quarter were Argentina,…
Read MoreSandra Harris Appointed Tupperware Chief Financial Officer
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…
Read MoreDirect 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…
Read MoreTupperware 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…
Read MoreTupperware Q4 2018 Net Sales Down 14%
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…
Read MoreTupperware Brands Adds Chris O’Leary to Board of Directors
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…
Read MorePublic Direct Sellers: Growth Continues To Accelerate For The Wellness Companies
Avon Products vs. Tupperware in addressing the new paradigm. Through the halfway mark in the fourth quarter, publicly traded Direct Selling stocks continued to outperform the broader market and consumer index averages so far in 2018. The Lane Research Direct Selling Index, which comprises the stocks of the six publicly traded direct selling companies we…
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