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Tupperware, VP and CFO, Michale Poteshman has been announced as one of the presenters at the annual Oppenheimer Consumer Growth Conference in Boston on July 8th.

This will be the 8th Annual conference and is considered one of the top investor conferences for consumer growth companies. The event will take place the 8th- 10th at the Four Seasons Hotel. The focus of the conference will be on consumer growth,, and assessing the state of the consumer as well as the outlook for retail, and consumer products for the second half of 08 and beyond.

The event, being put on by Oppenheimer & Co. will feature such companies Tiffany and Co, Talbots, William Sonoma and Urban Outfitters, just to name a few. Tupperware will be in some great company.

Tupperware will webcast the presentation on their website.

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Well it was another crazy week with more unanswered questions related to Weekenders going out of business. While more and more distributors have begun selling their wares on eBay and Craigslist to recoup some money, still no word from the Direct Selling Association as to what happened or any insight.

There was a bunch of philanthropic news this week. mark announced a new campaign with spokesperson Lauren Conrad and Neways donated over 10,000 bottles of water for the Utah Summer Games.

In financial news, supplement company Nutrilite announced that they crossed the $3B sales mark which is truly amazing and the S&P began a review of Tupperware’s stock based on its new rating but Mad Money’s Jim Cramer think the stock is a buy at this point.

USANA continues to confuse us. After getting rebuffed on their offer to take the company private by a special committee who said the offer was too low, Dr. Myron Wentz (the company’s chairman) decided to reaffirm the offer at the same price!! Makes no sense at all and all Wentz seems to be doing is driving up the value and making his bid seem less and less practical. It doesnt’ help that shareholders are starting to sue the company because of the low ball offer that he is proposing. This story is far from over.

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Standard & Poor’s Ratings Services - one of the world’s most respected sources of information on investment research, advice and data - announced this week that they will review their rating of Tupperware Brands Corp (NYSE: TUP) for a potential upgrade.

S&P had given Tupperware a “BB,” rating, which mean that, according to the S&P guide to ratings, ‘positive attributes exist, but adverse business conditions could lead to insufficient ability to meet financial commitments.’ The BB rating is a non-investment grade rating.

Since giving out the BB rating, S&P feels that Tupperware has improved its business operations and the company’s debt has been reduced during the past few quarters.

Tupperware revenue has gone up almost 19% in the first quarter of 08. Tupperware will announce second quarter results at the end of July. No word yet on when S&P will revise its decision, although upon announcement of the news, stock went up 40 cents.

In related news, Jim Cramer of Mad Money recommended Tupperware (NYSE: TUP) as a buy: “I’m shocked that Tupperware is down as much as it is. I want to buy Tupperware. I think it’s right.”

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The gas and oil crisis that is affecting all of us is slowly trickling down to all aspects of our lives. And now…..it is going to affect our kitchens.

Tupperware will have to raise the prices of many of their plastic products due to the rising costs of resin. While the price increase will only be minor, according to the company, it is just another example of how out of control the gas issue has become.

Dow Chemical Co, which supplies resins to plastics companies, including Tupperware has recently had to raise product prices by almost 20 percent to offset rising energy costs. Dow has passed the price increases along to companies that use plastics, like Tupperware.

Tupperware says that the oil-induced cost of resin will be going up around $5 million dollars. VP of investor relations, Teresa Burchfield, says that the company will do its best to limit price increases, but that some of the costs will be passed along to consumers.

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