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The Container Store said late Sunday that it is filing for Chapter 11 bankruptcy protection after years of losses and declining sales.. The retailer, known for selling storage and organizational ...
The Container Store says business will continue as usual while it restructures after filing for Chapter 11 bankruptcy protection amid steep losses, slumping sales and increased competition.
The Container Store did not announce store closures along with its bankruptcy news Sunday. “The Container Store is here to stay,” CEO Satish Malhotra said in Sunday's statement.
For the quarter ended Sept. 28, 2024, The Container Store listed total liabilities of $836.4 million against $969 million in total assets. Photo of a The Container Store location (Courtesy: The ...
The Container Store is filing Chapter 11 bankruptcy, but Elfa, Custom Spaces, Avera and Preston installations and TCS credit cards are still working.
The Container Store was founded in Dallas by Garrett Boone and John Mullen. With the backing of their families, they inaugurated the first The Container Store on July 1, 1978. The store introduced a new retailing category: home storage and organization. [2] [3] Kip Tindell and his wife joined the founding team the next year.
The Container Store has filed for bankruptcy protection as the storage and organizational goods retailer with roots dating back to the 1970s grapples with mounting losses and cash flow shortages.
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