Tupperware has been struggling for years. Three charts show just how bad it's been. | CNN Business

Tupperware may be on the verge of collapse, but the 77-year-old business’ potential demise isn’t necessarily a harbinger of worsening economic conditions. While sales data shows the rest of the US consumer retail sector — including some of the company’s competitors in the food storage space — seems to be recovering from the pandemic dip, Tupperware sales continue to decline. Some business experts say that’s because Tupperware has failed to adapt to changing consumer behaviors.

” These parties were gatherings where people who enjoyed the product would demo and sell the Tupperware brand to their friends and acquaintances. That direct selling model worked well at first but fell out of favor as consumer habits changed in the decades preceding the pandemic, according to Kahn.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla reverses course, raises prices on two top end models | CNN BusinessAfter a series of price cuts throughout most of this year, Tesla is raising the prices of its two upper-end models: the Model S and the Model X.
Source: cnni - 🏆 326. / 59 Read more »

Lyft plans to 'significantly reduce' workforce, CEO says | CNN BusinessLyft plans to 'significantly reduce' its workforce, the company's new CEO David Risher told employees on Friday, in another round of layoffs as it struggles to turn a profit and pull off a turnaround.
Source: CNN - 🏆 4. / 95 Read more »