Container Store (TCS) Stock

The Container Store, which was recently delisted from the New York Stock Exchange, has filed for bankruptcy protection in an effort to try and turn its business around.

COPPELL, Texas--(BUSINESS WIRE)--The Container Store Group, Inc. (“The Container Store” or “the Company”), the nation's leading retailer of organizing solutions, custom spaces, and in-home services, today announced it will implement a recapitalization transaction to bolster its financial position, fuel growth initiatives, and drive enhanced long-term profitability. To effectuate the transaction, The Container Store and certain of its subsidiaries filed for voluntary protection under Chapter 11.

The New York Stock Exchange has halted trading of The Container Store as it prepares to delist the company, marking the latest blow to the retail chain.

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of The Container Store Group, Inc. (the “Company”) from the NYSE. Trading in the Company's common stock will be suspended immediately. NYSE Regulation reached its decision to delist the Company's common stock pursuant to Section 802.01B of the NYSE's Listed Company Manual because the Company had fallen.

The Container Store has been hit hard by a weak housing market and inflated prices.

MIAMI--(BUSINESS WIRE)--The Container Store, the nation's leading retailer of organizing solutions, custom spaces, and in-home services, will open on November 23, 2024 at the new Miami Worldcenter development in Downtown Miami at 850 NE 2nd Avenue, Unit D-129, Miami, FL 33132. This will be The Container Store's 104th retail location nationally and its seventh store in Florida. The Miami Worldcenter store is The Container Store's newest addition to the company's small-store format and will featu.

The Container Store's fiscal Q2 results reflect continued sequential improvement, paving the way for long-term opportunities from its new partnership with Beyond, Inc.

Container Store Group (TCS) came out with a quarterly loss of $3.23 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to earnings of $0.15 per share a year ago.

COPPELL, Texas--(BUSINESS WIRE)--The Container Store Group, Inc. (NYSE: TCS) (the “Company”), today announced its financial results for the second quarter of fiscal 2024 ended September 28, 2024. All share and per share information reported in this press release have been retroactively adjusted to reflect the reverse stock split that became effective on September 3, 2024. For the second quarter of fiscal 2024: Consolidated net sales were $196.6 million, down 10.5%, compared to the second quarte.