The Container Store, buffeted by rough housing market and competition, seeks bankruptcy protection
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1 day, 1 hour ago

The Container Store, buffeted by rough housing market and competition, seeks bankruptcy protection

Associated Press  

NEW YORK — 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. The Container Store Group Inc. failed to maintain an average market capitalization of at least $15 million in accordance with NYSE rules. Last month, The Container Store said that it was in advanced discussions with lenders to provide additional capital as it aimed to turn around sagging earnings and sales, according to a regulatory filing. The Container Store was founded in 1978 by Garrett Boone, Kip Tindell and investor John Mullen, who opened the doors of The Container Store’s first location in Dallas, according to the company.

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Home goods retailer The Container Store files for bankruptcy protection
1 day ago

Home goods retailer The Container Store files for bankruptcy protection

Live Mint  

Dec 23 - Custom closets manufacturer The Container Store filed for Chapter 11 bankruptcy protection in the United States, as the retailer struggles with mounting debt and weak consumer demand. "We intend to maintain our strong workforce and remain committed to delivering an exceptional experience for our customers while we execute this recapitalization and for many years to come," said …

The Container Store files for bankruptcy, vows to keep stores operating as normal
1 day, 14 hours ago

The Container Store files for bankruptcy, vows to keep stores operating as normal

NPR  

The Container Store files for bankruptcy, vows to keep stores operating as normal toggle caption Smith Collection/Gado/Getty Images The Container Store — once the premier hub for all things storage and organization — filed for bankruptcy amid mounting debt. In a company statement, the Container Store said the bankruptcy process will have no impact on customers. During the earnings call …

The Container Store could be the next big chain to go bankrupt
3 weeks, 4 days ago

The Container Store could be the next big chain to go bankrupt

CNN  

New York CNN — Even the power of Marie Kondo may not be enough to save the Container Store. The Container Store has struggled Justin Sullivan/Getty Images There’s a “high probability” the Container Store will join those retailers and file for bankruptcy next year, said Tim Hynes, the global head of credit research at Debtwire, a publication that focuses on …

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