Tupperware's stock soars thanks to more people staying home and cooking
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Fox BusinessJulia Musto
Tupperware's stock soars thanks to more people staying home and cooking
In a continuation of its 2,500% rally from mid-March, Tupperware Brands Corp.'s stock skyrocketed Wednesday, up as much as 41%.
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Tupperware became famous for containers so strong and long-lasting that customers used them for decades, leaving little need for replacements. What began as a strength slowly turned into a problem. As shopping habits changed, the traditional Tupperware party selling model faded, younger buyers moved online, and competition increased. Meanwhile, most households already owned enough Tupperware that rarely wore out. Replacement demand stayed low while costs kept rising. With falling sales and delay
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In conjunction with our 53rd Anniversary, here's your chance to own a bit of Tupperware history with this exclusive 53rd Anniversary One Touch Bowl. Comes in 3 premium colors of Sparkling Silver, Rose Gold & Elegant Pearl. Get yours before they run out! | Tupperware Malaysia
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