The Container Store is filing for bankruptcy. Here's what will happen to its stores.
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.
The Container Store Group (TCSG) files for Chapter 11 bankruptcy, plans to restructure and continue operations as usual.
The Container Store and Party City join Macy's, Stop & Shop, Big Lots and a handful of national pharmacy chains that are rolling up the sidewalks as a divide rocks the retail world.
The Container Store just filed for bankruptcy. I visited the store's Manhattan location in September and was disappointed ...
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