Tupperware may go out of business, company warns

Food storage container giant Tupperware may soon be going out business, the company warned. Rick Newman, senior Columnist for Yahoo Finance, joined CBS News to discuss what's gone wrong for the brand since its surge during the pandemic and whether this will be an industry trend.

#news #tupperware #business

[cathy]

Tupperware is so expensive. $40 for a bowl. That’s way to much for the average consumer

[spotlight]

I never see Tupperware in stores. I always liked it.

[ryanreedgibson]

They shouldn't be warning us. They should of used that warning to change their business model.

[feminineheart]

They’re too expensive! Also, if they put their products in places like Target or Costco where they’re accessible sales would go up!

[NHLblkgurl]

The era of president ice cream cone: Tupperware out of business and The 99 cent store necessitating a name change to $4.99 store.

[kkaye]

I love Tupperware myself. It doesn't break, chip or stain (usually), and it lasts forever. You don't taste gross plastic taste in your food after storing it in 😊. I'd hate to see Tupperware shut down, but I certainly understand how they may have to in today's world.

[CanadaMyHome]

Set up kiosks in the malls or stores to demonstrate and sell on the spot. We love Tupperware.✨

[kathyschriver]

I just finished a party and a lot of my friends ordered the specials but a lot said it’s kinda expensive, I love it myself I have several items and a set of bowls that are 26 years old they really hold up

[debbingo]

They have an outdated business model and are extremely over priced... just my opinion.

[DistrustHumans]

Not a single word about Tupperware being pioneers in MLM schemes. My Grandmother would hold Tupperware parties back in the 60s and 70s. Tupperware required she buy so much every month, then claim those as units sold in order to increase stock price... even though she was really just piling up unsold units in her garage. Frankly, I'm surprised Tupperware lasted this long.

[teressakuykendall]

You forget the Salesforce that is still involved. I am a Tupperwar3 consultant and within 6 months an Executive Manager and we party all the time yes online because of the pandemic but my team alone, about 30 consultants sales o er $9000 a mo th so to say Tupperware is dying because we don't do party in homes anymore is rediculous!! Tupperware is a premium product, guaranteed and warranty for life!! No other brand compares!! Tupperware for life!!
I love my job!!
#tuplife

[SueLewisBuffalo]

Maybe if Tupperwsre wasn't so freaking expensive, the company would have better sales. #RealTalk

[michaellau]

They stopped standing behind their "lifetime guarantee" and didn't provide a way to buy replacement parts that broke.

[savannahm.laurentian]

Oh, no. No more Bougie, ultra expensive, unnecessary, unbiodegradable plastic?🤯They didn't change with the market. Capitalism, baby.

[JuanCruz-etso]

We love ❤ the brand but it forgot it’s place. It belongs in the household of the hard working middle class, that takes lunch to work. But with the ridiculous high expensive prices hardworking Americans rather get cheaper brands. It’s a wonderful brand and they decided their prices but forgot who uses them. Lower price doesn’t necessarily suggest is cheap product.

[teressakuykendall]

Btw those plastic $1 bowls and take out bowls emmit chemicals that are horrible for you but not Tupperware, its BPA free and cost is better than those cheap bowls you buy every week from other stores that dont last!! I have Tupperware thats 40 yrs or more old and still in perfect conditions left to me from mom and grandma

[brinaldi]

If they would supply 2 or 3 lids instead of the 1 maybe they would be doing better

[istqqrx]

Tupperware saleswoman in Cedar City, Utah. Look me up. We do zoom parties now, it’s amazing!

[edreid]

Remember when Tupperware was the only container you can purchase?..Its extremely overpriced, and you can find cheaper brands..especially at a dollar store..I recall my mom chasing down Tupperware bowls she'd lend out, dollar bowls, not so much..not to mention the takeout bowls I have stacked in my cupboard..

[KR-ybqq]

People have become environmentally conscious. No more plastic.