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The Container Store joins the growing list of companies that have filed for bankruptcy this year, citing major economic challenges. ... prompting “going out of business” sales at its remaining ...
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 not going anywhere, and our stores and website remain open for business," Malhotra wrote of the 46-year-old business's 102 locations. "We will maintain normal operations ...
A fall from grace. Founded in 1978, The Container Store went public on Nov. 1, 2013, pricing its initial public offering at $525 per share. By the close of trading that day, shares closed at $543.
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 Bon-Ton, a regional department store operator, filed for Chapter 11 bankruptcy on February 5, 2018. The company said it would close 42 stores. [72] On April 17, 2018, The Bon-Ton announced plans to go out of business after being purchased by two liquidators. [73]
At the time of filing, The Container Store reported $243 million in debt, 100 […] It is the second major company to file for bankruptcy in the past week, following Party City, which filed early ...
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...