The Container Store files for Chapter 11 bankruptcy protection

Ariel Zilber
Mon, 23 Dec 2024 08:53:14 -0500

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 storage and organizational goods retailer, which has roughly 100 stores around the country, has seen demand plunge in a rough housing market, where soaring prices and elevated mortgage rates have stunted sales....