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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.
Despite its small size, The Container Store Group has a lot going for it. After 35 years of company history under its belt and 63 U.S. stores in operation, The Container Store has made a name for ...
The Container Store had been set to receive a much-needed $40 million financial lifeline from Beyond, the owner of Bed Bath & Beyond and Overstock.com, that would have put Bed Bath & Beyond ...
Founded in 1978, The Container Store went public on Nov. 1, 2013, pricing its initial public offering (IPO) at $525 per share. By the close of trading that day, shares closed at $543.
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The store eventually grew to 25 stores before filing for bankruptcy in 2005, after planned financing did not come to fruition. [ 9 ] [ 1 ] After private equity firm Saunders Karp & Megrue bought a majority stake in the company, [ 2 ] the former head of Bath & Body Works , Beth Pritchard, was hired in January 2004 to grow the chain into a ...
Since then, The Container Store's stock has risen 137% on hopes that the company will continue to build upon its brand as a specialized organization products. Last year, one of the top IPOs to hit ...
Storables was founded in 1981 by owner Dodd Fischer, who had an interest in the housewares/lifestyle store concept. At the time, the storage goods business was beginning to emerge as a specialty niche in the housewares business, with plastic storage containers and organizers beginning to appear in department stores. [ 2 ]