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Tupperware relied on social gatherings for explosive growth in the mid 20th century. In the 21st century, it is social distancing that is fueling sales.Restaurant pain has turned into Tupperware’s gain with millions of people in a pandemic opening cookbooks again and looking for solutions to leftovers. They’ve found it again in Tupperware, suddenly an “it brand” five decades after what seemed to be its glory days.The company had appeared to be on life support, posting negative sales growth in five of the last six years, a trend that seemed to be accelerating this year.Long gone was the heyday of the Tupperware Party, first held in 1948, which provided women with a chance to run their own business. That system worked so well, Tupperware took its products out of stores three years later. But it has struggled as more families gave up making dinner from scratch and also dining out more.Then the pandemic struck.Profit during the most recent quarter quadrupled to .4 million, Tupperware reported Wednesday.The explosion of sales caught almost everyone off guard and shares of Tupperware Brands Corp., which had been rising since April, jumped 35% to a new high for the year. Shares that could be had for around in March, closed at .80 on Wednesday.Tupperware stands apart from most other companies that have thrived in the pandemic. Unlike Netflix, Amazon.com, Peloton or even DraftKings, it doesn’t rely on a hi-tech platform.However, it’s certainly not alone as the pandemic bends how we spend our time more rapidly perhaps than any point in our lifetimes.On Monday the toymaker Hasbro said that its games division, which includes board games like Monopoly, saw a 21% jump in revenue.On Wednesday, Tupperware reported quarterly adjusted earnings of .20 per share, triple what Wall Street had expected. Revenue of 7.2 million was about 30% higher than forecasts and 14% better than last year.CEO Miguel Fernandez said the company, based in Orlando, Florida, had shifted more heavily to digital sales to accommodate those sheltering in the pandemic. He also noted “increased consumer demand.”The company earlier this year had begun a turnaround campaign. Fernandez, who once led Avon, was named CEO in March just as COVID-19 infections began to spread in the U.S. 2293
Two people have died in a partial building collapse at an Amazon Fulfillment Center in southeast Baltimore, officials said Saturday.Baltimore Fire Department spokesman Chief Roman Clark said thermal imaging equipment was being used to determine if anyone else may be trapped inside. One of those found dead was an adult male.Brandon McBride, an employee who was working in the building at the time, described the chaos to CNN affiliate WBAL when the building collapsed. 477
US President Donald Trump on Thursday abruptly canceled his meeting with Russian President Vladimir Putin, which was scheduled to occur during a G20 meeting in Buenos Aires."Based on the fact that the ships and sailors have not been returned to Ukraine from Russia, I have decided it would be best for all parties concerned to cancel my previously scheduled meeting [...] in Argentina with President Vladimir Putin. I look forward to a meaningful Summit again as soon as this situation is resolved!" Trump tweeted en route to the summit.Earlier Thursday, Trump told reporters that he would still "probably" meet with Putin, despite a recent incident in which Russian ships opened fire on and seized three Ukrainian vessels near Crimea."I probably will be meeting with President Putin. We haven't terminated that meeting. I was thinking about it, but we haven't. They'd like to have it. I think it's a very good time to have a meeting. I'm getting a full report on the plane as to what happened with respect to that," he said ahead of his departure on Marine One.Trump added that he will be getting a "full report on the plane" on recent Russian aggression in Ukraine "and that will determine" his course of action. 1222
Update regarding Jessica Krug: Dr. Krug has resigned her position, effective immediately. Her classes for this semester will be taught by other faculty members, and students in those courses will receive additional information this week.— GW University (@GWtweets) September 9, 2020 290
Uber announced its "Get Out and Vote" campaign as they look to do their part to help people get to the polls to vote in the upcoming presidental election.On Tuesday, the ride-sharing company said in a press release that the campaign was designed to help communities and their employees to exercise their right to vote.The company said they focus on three core areas to help get folks registered to vote: in-app voter registration and vote-by-mail ballot requests, poll finding and ride promos and powering the polls.If you have the Uber or Uber Eats app, you can register to vote and request a mail-in ballot through those apps.If you need to get to the polls on Election Day, Uber will get you there at a discounted price.“As we look ahead to this year’s election, we are committed to doing our part to make sure every citizen has access to vote,” Uber’s CEO Dara Khosrowshahi said in the press release. “We hope that by giving people the ability to easily register to vote and request an absentee ballot via the Uber and Uber Eats apps, independent workers—and everyone who uses our platform—will have a stronger voice in our democracy."Khosrowshahi added that employees would have Election Day off. 1209