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Direct Sales

All articles tagged with #direct sales

business2 years ago

DOJ Supports Tesla in Louisiana Direct Sales Lawsuit

The U.S. Department of Justice (DOJ) has supported Tesla's argument in a circuit court appeal against the state of Louisiana over its ban on direct automotive sales. The DOJ filing echoed Tesla's claim that the judge had misinterpreted antitrust law by requiring the automaker to prove that Louisiana dealer groups intended to suppress competition. The DOJ stated that such a requirement would improperly restrict the reach of antitrust law. Tesla had filed the lawsuit against Louisiana dealer groups last year, alleging harassment and baseless investigations. The appeal date has not been set, and this is one of several direct sales bans Tesla faces at the state level in the U.S.

via TESLARATI|
#antitrust-law#business#direct-sales
business2 years ago

Tesla Expands Showrooms on Tribal Lands to Sidestep State Sales Restrictions

Tesla is expanding its presence on tribal lands to establish showrooms and sell directly to consumers, bypassing state laws that prohibit vehicle manufacturers from acting as retailers. The Mohegan Tribe in Connecticut and the Oneida Indian Nation in upstate New York have announced plans for Tesla showrooms on their sovereign properties. This move allows Tesla to avoid dealership models and sell its electric vehicles directly to customers. While some support the initiative, car dealerships and associations argue that it creates an unfair playing field and undermines state franchise laws. Tesla has faced similar challenges in other states and has sought legal recourse to enable direct sales.

via ABC News|
#business#car-dealerships#direct-sales
business2 years ago

Tesla Expands Showrooms on Tribal Lands to Sidestep State Sales Restrictions

Tesla is expanding its efforts to open showrooms on tribal lands, allowing the company to sell directly to consumers and bypass state laws that prohibit vehicle manufacturers from also being retailers. The Mohegan Tribe in Connecticut and the Oneida Indian Nation in New York have announced plans for Tesla showrooms on their sovereign lands. This move comes as Tesla continues to face opposition from car dealerships and state laws in its quest for direct-to-consumer sales. At least 16 states have changed their laws to accommodate Tesla, but Connecticut is not expected to follow suit. Tesla's facility at Mohegan Sun will include a sales and delivery center, allowing customers to test drive models and use loyalty rewards for purchases.

via The Associated Press|
#business#car-dealerships#direct-sales
business2 years ago

Delaware State Supreme Court Allows Tesla Dealership.

Delaware's Supreme Court has overturned a judge's ruling that upheld a decision by state officials to prohibit Tesla from selling its cars directly to customers. The court noted that the franchise act was enacted to address the disparity in bargaining power that permitted automobile manufacturers to exert economic pressure over their franchises, but the law's definitions exclude Tesla because the company sells its vehicles directly to consumers without using independent franchise dealers. Tesla has fought similar battles in several other states.

via Yahoo News|
#business#delaware#direct-sales
business2 years ago

Delaware State Supreme Court Allows Tesla Dealership.

Delaware's Supreme Court overturned a judge's ruling upholding a decision by state officials to prohibit Tesla from selling its cars directly to customers in the state. The court ruled that the state's franchise act was not applicable to Tesla's direct-to-consumer sales model, as the law's definitions exclude the electric vehicle maker. Tesla had filed two applications for a dealer license in Delaware, but both were denied by the state's DMV. The court ruling noted that Tesla has faced similar battles in other states.

via Yahoo Finance|
#business#delaware#direct-sales
business2 years ago

The uncertain future of Tupperware in a changing market.

Tupperware, the iconic plastic food storage container brand, is struggling to stay afloat due to stiff competition, lack of interest from younger shoppers, and a failure to adapt to changing times. The company's direct sales model, once a pioneering approach, has stagnated, and its recent attempts to appeal to Millennials and Gen Zers have fallen short. Bankruptcy may be a path forward, but the Tupperware brand is likely to endure.

via CNN|
#bankruptcy#business#competition
business2 years ago

Tupperware's Future in Jeopardy: Company Warns of Possible Collapse.

Tupperware, the iconic American kitchen brand, has warned that it may soon go out of business due to financial struggles and increased competition from more sustainable alternatives. The company has had to renegotiate loan agreements three times since 2022, and its stock price has taken a 98% dive over the last year. Tupperware has also faced a class action lawsuit from investors claiming it didn't disclose its serious issues with internal controls. The brand is reviewing various aspects of the business, including its real estate portfolio and possible layoffs, in its hunt for additional funding.

via ABC News|
#business#competition#direct-sales
business2 years ago

Tupperware's Future in Jeopardy: Company Warns of Possible Collapse

Tupperware, the American kitchen staple, has warned that it may soon go out of business due to financial challenges and declining sales, exacerbated by competition from more sustainable brands and failure to connect with younger customers. The company's stock price has taken a 98% dive over the last year, and investors have filed a class action lawsuit against the brand. Tupperware is reviewing various aspects of the business, including its real estate portfolio and possible layoffs, in search of additional funding.

via GMA|
#business#competition#direct-sales
business2 years ago

Tupperware's Possible Collapse Sends Shares Plummeting.

Tupperware, the US maker of food storage containers, has warned that it may not be able to continue as a going concern unless it can quickly raise new financing. The company has been struggling with declining sales and higher interest costs on its borrowings. Tupperware's shares plunged by nearly 50% after it said there was "substantial doubt" about its ability to continue. The firm has been attempting to reposition itself to a younger audience and has expanded its range into cooking products. It is now working with financial advisers to secure more money and investment.

via BBC|
#business#direct-sales#financial-struggle