Tupperware Corp. outlines plans to sell goods on the Web, boosting stock 24%

Article Abstract:

Tupperware Corp. will add new selling techniques, at long last, to its party plan. Television ads will contain a phone number to call in an order; mall kiosks have begun to appear, and for U.S. customers, a Website for shopping. Catalog sales is also being considered. The company refuses to consider putting its products in stores. The company was founded in 1942 and has about 85,000 U.S. sales people. Net income for 1998 fell 39% to $69.1 million.These new options might give revenue the boost it needs.

Comment:

Online purchasing is new alternative for party-goers

Marketing procedures, Plastic Containers, All Other Plastics Product Manufacturing, Television, New Electronic Marketing, Plastics products, not elsewhere classified, Other Direct Selling Establishments, Direct selling establishments, Direct Sales Organizations, Out-of-Home Advertising, Usage, Internet, Retail trade, Marketing, Appreciation, Abstract, Web sites (World Wide Web), Web sites, Tupperware Corp., TUP, Sales personnel, Salespeople

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Shaw Industries is planning to acquire Queen Carpet Corp. fpr $470 million

Article Abstract:

Dalton, GA-based Shaw Industries Inc. said it would be acquiring Dalton, GA-based Queen Carpet Corp. for $470 million in cash, stock and "other considerations". Shaw is also assuming $220 million of debt. The move cements Shaw's position as the world's largest carpet maker. According to Floor Focus, an industry publication Shaw controls 26% and Queen 8% of the US carpet market. The acquisition will give Shaw a manufacturing plant in California.

Comment:

Said would acq Queen Carpet Corp. for $470 mil in cash, stock & "other considerations"

Asset sales & divestitures, Acquisitions & mergers, Queen Carpet Corp.

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Carpet firm's dynamic chief must weave succession

Article Abstract:

The chairman and CEO of Shaw Industries Inc., Robert E. Shaw, has been the dominant figure in the carpet industry. Mr. Shaw appears to be getting ready for Shaw's next chairman and CEO as he turned 67 years old on August 18, 1998. Shaw Industries has bounced back in 1998 following its difficulties during the mid-1990's. This has improved the chances of Mr. Shaw retiring from the company on a high note.

Comment:

Chmn and CEO Robert E. Shaw prepares succession as he turns 67 years old

Executive changes & profiles, Company Personnel

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