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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.
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 is filing Chapter 11 bankruptcy, but Elfa, Custom Spaces, Avera and Preston installations and TCS credit cards are still working.
The Container Store has slumped since it was riding high in 2021, when consumers stuck inside their homes at the peak of the pandemic drove record sales and profit. The company is vulnerable to ...
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, one of the largest retailers of organizing solutions, has filed for Chapter 11 bankruptcy. At the time of filing, The Container Store Group reported $243 million in debt.The ...
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