From Blockbuster to Toys 'R' Us big name stores have been shuttered by poor sales - and Tupperware could be next
After years of declining sales, the stalwart kitchen storage company Tupperware announced it could be facing possible collapse last week.
Executives cautioned the brand had 'substantial doubt about its ability to continue as a going concern' in the face of a cash crunch and pressure from creditors after years of declining sales.
Experts suggested a number of financial missteps plus the proliferation of reusable containers used in increasingly popular food delivery services could all have played a part in the long-standing brand's decline.
News of Tupperware's potential demise comes as FedEx is reportedly mulling over doing away with its signature staff delivery drivers in favor of outsourced package handlers. The moves could relegate those mainstays of the market to the memory banks of Americans.
tbh ... I didn't know Tupperware still existed
After years of declining sales, the stalwart kitchen storage company Tupperware announced it could be facing possible collapse last week.
Executives cautioned the brand had 'substantial doubt about its ability to continue as a going concern' in the face of a cash crunch and pressure from creditors after years of declining sales.
Experts suggested a number of financial missteps plus the proliferation of reusable containers used in increasingly popular food delivery services could all have played a part in the long-standing brand's decline.
News of Tupperware's potential demise comes as FedEx is reportedly mulling over doing away with its signature staff delivery drivers in favor of outsourced package handlers. The moves could relegate those mainstays of the market to the memory banks of Americans.
tbh ... I didn't know Tupperware still existed
