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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
U.S. President Donald Trump vowed in a "60 Minutes" interview that the United States would get to the bottom of what happened to a missing Saudi journalist and that there would be "severe punishment" if he was found to have been murdered.In an excerpt from the interview, released by CBS on Saturday morning, Trump said the case of Jamal Khashoggi was "being looked at very, very strongly" and that his administration "would be very upset and angry" if it turned out that the Saudi government had ordered his killing."As of this moment, they deny it and they deny it vehemently. Could it be them? Yes," he said.Khashoggi, a columnist for the Washington Post, went into the Saudi consulate in Istanbul on October 2 to obtain paperwork that would allow him to marry his Turkish fiancée. He hasn't been seen in public since. 829
VENTURA, Calif. (AP) — A California church held indoor worship service Sunday morning despite a judge’s temporary restraining order that bars the church from doing so. The pastor led a 9 a.m. service in defiance of coronavirus health orders at Godspeak Calvary Chapel in Ventura County’s Newbury Park. A livestream of the morning’s service showed a mask-less pastor and a musician standing before at least two dozen worshipers — most of whom were also not wearing masks. It was not clear from the livestream if they were standing 6 feet apart. Two other services are planned for later Sunday. 600
Vice President Mike Pence and the second lady, Karen Pence were among the first Americans to receive an initial dose of Pfizer's COVID-19 vaccine on Friday, and did so in a live on-camera event at the White House. Surgeon General Jerome Adams also received the COVID-19 vaccine during Friday's event.Prior to injections, doctors asked the trio a series of questions regarding COVID-19 symptoms, allergy history and histories of blood disorders. After the three answered "no" to all questions, healthcare professionals from Walter Reed Medical Center administered the vaccine."I didn't feel a thing. Well done," Pence said.In remarks following his injection, Pence said he decided to take the vaccine in a public event to improve public confidence."While we cut red tape, we did not cut corners," Pence said.Pence also added that thanks to vaccines, the U.S. was now "turning the corner" on the pandemic and that the country could now see the "light at the end of the tunnel."The shot the Pences received Friday is the first of a two-shot vaccination. They'll need to take a booster shot in a few weeks in order to complete the inoculation process.President-elect Joe Biden has also said he would receive the vaccine "sooner rather than later," adding that he didn't want to "get ahead of the line, but I want to make sure we demonstrate to the American people that it is safe to take."Dr. Anthony Fauci, the nation's top expert on infectious diseases, has recommended that President Donald Trump also get the vaccine. "You still want to protect people who are, you know, very important to our country right now," Fauci said Tuesday on ABC. "Even though the President himself was infected and he has likely antibodies that likely would be protective, we're not sure how long that protection lasts." Former Presidents Barack Obama, George W. Bush and Bill Clinton have all separately agreed to take the COVID-19 vaccine on camera in an effort to build public trust in the process. Pence is among the first Americans to receive the vaccine. Pfizer's COVID-19 vaccine was cleared for Emergency Use Authorization last Friday and formally recommended by the Centers for Disease Control and Prevention last weekend. Healthcare workers in several states began receiving the vaccine on Monday.A vaccine made by Moderna received a key recommendation by an FDA panel on Thursday, and the agency is expected to grant full approval in the coming days. On Friday, Pence said he "expects" that Moderna vaccine would be approved at some point Friday. The Moderna vaccine could be distributed as soon as early next week. 2611
U.S. President Donald Trump has spoken to Saudi King Salman over the disappearance of journalist Jamal Khashoggi and will send Secretary of State Mike Pompeo to discuss the situation with the monarch.Trump said in a tweet on Monday that the King denied any knowledge of the journalist's whereabouts. Khashoggi, a columnist for The Washington Post and a Saudi royal insider-turned-critic, entered the Saudi consulate in Istanbul, Turkey, on October 2 and has not been seen since.Saudi authorities maintain Khashoggi left the consulate the same afternoon, but have provided no evidence of that."Just spoke to the King of Saudi Arabia who denies any knowledge of whatever may have happened 'to our Saudi Arabian citizen.' He said that they are working closely with Turkey to find answer. I am immediately sending our Secretary of State to meet with King!," Trump tweeted.International pressure is mounting on Riyadh to explain the journalist's disappearance. Saudi Arabia has given Turkey permission to search its Istanbul consulate Monday afternoon, a Turkish diplomatic source told CNN.Saudi officials first granted permission for the consulate to be searched last week, but later asked for a delay and no search has yet taken place. Turkish officials also want to search the nearby consul general's residence, and have repeatedly accused the Saudis of failing to cooperate with their investigation.Khashoggi's disappearance has created a diplomatic rift between Saudi and the West, with the U.K., France and Germany demanding a "credible investigation" into the events and U.S. President Donald Trump warning of serious retribution if the Saudis are found to be behind his possible death. 1696