By: Dave Rauf
Tupperware’s turnaround story continues to evolve.
The maker of food storage containers, kitchen goods and beauty products reported its second consecutive quarter of year-over-year sales growth in the fourth quarter of 2020, according to recently released earnings.
Fourth-quarter revenue and profit were both up in the three-month reporting period. And company executives say they’re more confident that improving financials are a sign the direct selling giant is on the path to recovery after years of revenue declines and falling stock prices.
By: David Bland
Bellia CEO Antonio Barrera is a born entrepreneur. His antique repair business in Mexico evolved into a major furniture exporter. Barrera then took over a prestigious French skincare brand that he still manages today. But his life changed completely when his longtime business partner, Gonzalo Artiach, introduced him to Curves founder Gary Heavin—the man that Ernst and Young named the best entrepreneur in the United States. Together, Barrera, Artiach, and Heavin successfully sold Curves franchises around the world and now will apply the power of their partnership to direct selling’s newest jewelry startup, their mutual creation, Bellia.
By: Dave Rauf
Tupperware’s turnaround story continues to evolve.
The maker of food storage containers, kitchen goods and beauty products reported its second consecutive quarter of year-over-year sales growth in the fourth quarter of 2020, according to recently released earnings.
Fourth-quarter revenue and profit were both up in the three-month reporting period. And company executives say they’re more confident that improving financials are a sign the direct selling giant is on the path to recovery after years of revenue declines and falling stock prices.
By: Dave Rauf
NOTE: We listen in on the public company earnings calls and the transcripts so you don’t have to. Check back each quarter for our review with insights and takeaways for your own business.
Tupperware had its first year-over-year sales growth in a quarter since 2017, the company said in its third-quarter earnings report, but the direct selling giant continues to face uphill challenges in one of the biggest global MLM markets: China.
By Dave Rauf
“The scope and duration of business disruption and the related financial impact from the coronavirus can’t be reasonably estimated at this time.”
—John Agwunobi, CEO, Herbalife
“No company is immune, but those that are more reliant on social media to execute business and have a higher degree of subscription sales in their business models are going to be relatively better off.”
—Doug Lane, principal, Lane Research
Direct sellers are bracing for a significant financial blow as the reality of the novel coronavirus sweeping the globe sets in. At press time for this issue, the pandemic is in full swing, with cases being reported in every state and rising daily.
The virus that causes the disease called COVID-19 has upended everyday life around the world, and rattled the global economy.
By Rick Redding
In no uncertain terms, American businesses have emphatically made it clear that tariffs are bad for business. But using tariffs is a tactic that President Donald Trump believes will get him what he wants when it comes to trade with China.
There is no more important market for American business than China. Trump announced in December that a tentative deal had been reached with the country and was expected to sign it Jan. 15 (as SSN was going to press).
