The Container Store has officially filed for bankruptcy. So what happens to the popular home storage and organization chain? According to CBS News, the Texas-based company said that its stores and online operations will remain open throughout its Chapter 11 bankruptcy process. The chain has more than 100 locations across the United States.
NEW YORK (AP) — 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.
Walmart and fintech company Branch Messenger are being sued by the Consumer Financial Protection Bureau for allegedly forcing more than one million delivery workers to use expensive deposit
The Container Store filed for Chapter 11 bankruptcy protection — the latest retail chain to buckle as inflation-weary shoppers pare back discretionary spending on home remodeling. The
The home-organizing giant struggled with a pullback in store sales and increased competition from discounters.
The Container Store just filed for bankruptcy. I visited the store's Manhattan location in September and was disappointed with the pricing.
The Container Store has filed for bankruptcy. It is the latest well-known retailer to fall victim to customers cutting back on discretionary spending.
During what has been a rough year for some big-name American retailers, the CEO of The Container Store said on Monday that the company is "here to stay" and looking at the future despite its bankruptcy.
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, the popular retail location for all things organizing, has announced plans to enter Chapter 11 bankruptcy protection. In a news release, the company said it will start a recapitalization to help strengthen its financial position for long-term growth and profitability.
The Container Store's woes come during what's been a tough year for some bricks-and-mortar retailers, which have seen store closures spike almost 70% this year. Through November, about 45 retailers have filed for bankruptcy protection in 2024, compared with 25 retail bankruptcies for all of 2023, according to a recent CoreSight report.