Reported about 5 hours ago
The Container Store faces a critical holiday shopping season amidst financial struggles and high competition. Following a successful boost from Marie Kondo's 'Tidying Up,' the company's growth has stalled due to a weakened housing market and rising interest rates. With sales down 10.5% last quarter and uncertainty surrounding a key financing deal, analysts suggest the company's future is precarious, and without significant holiday sales, bankruptcy looms.
Source: YAHOO