The Container Store on Tuesday reported that consolidated Q4 net sales fell 20.7% year over year to $206 million, with the company’s retail business, TCS, net sales down 20.4% to $195.3 million.

CEO Satish Malhotra acknowledged third-quarter results missed the company’s expectations. He attributed the sales declines to ongoing challenges in the company’s core general merchandise category.

The company's revenue decreased by 21.1% YoY, while operating loss (% of revenue) reached 5%. SGA spending (% of revenue) increased to 53.8% due to reduced economies of scale. I expect pressure on top ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (WJET/WFXP) — The Container Store, one of ...

The Container Store Group Inc. has filed for Chapter 11 bankruptcy protection amid steep losses, slumping sales and increased competition. Business in its stores and online will continue as usual ...

The Container Store Group, Inc. TCS posted second-quarter fiscal 2023 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. However, both metrics declined year over ...