The Container Store is Bankrupt
The Container Store — once the premier hub for all things storage and organization — filed for bankruptcy amid mounting debt.
The 46-year-old retail chain filed for Chapter 11 bankruptcy protection late Sunday in a Texas district court. It comes just days after Big Lots and Party City announced they will be closing down for good in response to their own financial struggles.
In a company statement, the Container Store said the bankruptcy process will have no impact on customers. Its 102 locations nationwide and website will continue to operate as normal.
| by Anonymous | reply 16 | December 23, 2024 11:44 PM
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"Container" seems...vague.
| by Anonymous | reply 1 | December 23, 2024 7:23 PM
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I went into a Container Store once. What a drab experience. All these highly specialized chain stores that popped up in every third suburb over the last few decades -- no great loss to see them go out of business one after the other.
| by Anonymous | reply 2 | December 23, 2024 7:27 PM
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R2 I like this store. It’s hardly drab at all. Glad it’s staying open and not closing.
| by Anonymous | reply 3 | December 23, 2024 8:02 PM
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I'm in Dallas where The Container Store began. It used to be great but went downhill after the owners sold a majority stake in the company to private equity. Since then it has lost its way, focusing on pointlessly upscale stuff that no one really wants as opposed to affordable home storage/organizing solutions.
| by Anonymous | reply 4 | December 23, 2024 8:06 PM
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R4 stay in your lane Walmart shopper
| by Anonymous | reply 5 | December 23, 2024 8:10 PM
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If I just could have found the right containers.....
all my crap would have looked so beautiful!
| by Anonymous | reply 6 | December 23, 2024 9:22 PM
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I thought Container Store and a "back-from-the-dead" Bed, Bath & Beyond were going to merge and that way BB&B would return to the world of actual retail? What happened to thise plans?
| by Anonymous | reply 7 | December 23, 2024 9:40 PM
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R7 the plans didn’t materialize
| by Anonymous | reply 8 | December 23, 2024 9:41 PM
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Also. Despite bankruptcy they do not intend to close stores, lay off employees. They’re shedding debt.
| by Anonymous | reply 9 | December 23, 2024 9:42 PM
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As long as the Jerk Store is still open.
| by Anonymous | reply 10 | December 23, 2024 9:43 PM
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I haven't been in a Container Store in a decade but they were interesting, if useless
| by Anonymous | reply 11 | December 23, 2024 9:45 PM
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Another casualty of Amazon
| by Anonymous | reply 12 | December 23, 2024 9:46 PM
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We have had one here for a few years. I went once. I didn’t really get the point of it.
| by Anonymous | reply 13 | December 23, 2024 10:19 PM
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[quote] Also. Despite bankruptcy they do not intend to close stores, lay off employees. They’re shedding debt.
It intends alot of things. In the end it will lay off employees and close a number, if not all, stores.
| by Anonymous | reply 14 | December 23, 2024 10:27 PM
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I like that store. It is expensive, though, and there's nothing there that can't be bought elsewhere for cheaper. Though what they do have is good quality.
| by Anonymous | reply 15 | December 23, 2024 10:41 PM
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Is it because of Amazon or because of Walmart/Target?
| by Anonymous | reply 16 | December 23, 2024 11:44 PM
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