The Container Store Latest In Long Line Of Businesses To File Bankruptcy

The Container Store is the latest in a long line of businesses that have been forced to file bankruptcy over the last couple of years, as the storage and organizational goods retailer -that’s been around since - 1978 is dealing with mounting losses and cash flow shortages.
The Texas company has faced increasing competition from retailers like Target and Walmart at the same time that demand for its goods are under strain in a rough housing market, where soaring prices and elevated mortgage rates have stunted sales.
The filing arrives two weeks after the trading of company shares were suspended by the New York Stock Exchange.