Home Depot rival files for bankruptcy and sparks fears of mass closures
Home Depot rival files for bankruptcy and sparks fears of mass closures
The Container Store has filed for bankruptcy, sparking fears of store closures. The struggling home goods chain, which has been around for 46 years, filed for Chapter 11 protection in Texas late on Sunday. The store is known for its home organizational goods, including closet organizers a Open a chromend storage bins. Despite receiving a boost from Marie Kondo's hit Netflix show 'Tidying Up' during the Covid-19 pandemic, the chain has been weighed down by mounting losses in recent years.
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