The Texas-based company, which has stores in Uniondale and Huntington, is grappling with mounting losses and cash flow shortages.
The home-organizing giant struggled with a pullback in store sales and increased competition from discounters.
The Container Store has filed for bankruptcy protection ... has faced increasing competition from retailers like Target and Walmart at the same time that demand for its goods is under strain ...
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.
The Container Store filed for bankruptcy protection on Sunday amid a slowdown in sales. Under Chapter 11 protection, the storage and organizational supply retailer based in Coppell will still operate and make timely payments to vendors and suppliers.
The company, which counts more than 100 locations, is the latest national retailer weighed down by market forces.
The Container Store just filed for bankruptcy. I visited the store's Manhattan location in September and was disappointed with the pricing.
Guy Who Grills on MSN54m
Leftover Prime Rib Breakfast Hash!
In addition to buying a Blackstone on Amazon, you can order Blackstone Griddles from Walmart and Blackstone on their ... and you can top it with more cheese and let it melt. Store leftover hash in an air-tight container or ziploc. This can be stored ...
Excluding car sales, consumer holiday spending rose 3.8% year over year, according to Mastercard SpendingPulse, higher than its estimate for a 3.2% rise.
The best home safes keep valuables secure. We tested safes under $300 to see which offered the greatest protection from theft, fire, and water damage.
If you were hoping for a special gift this holiday season but didn’t find it under the tree — don’t fret! There’s still time to treat yourself. Many retailers are offering incredible discounts that rival Black Friday.