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Stock impact report

The Container Store Group, Inc. Provides Business Update Related to Coronavirus

Container Store (The) (TCS) 
Last container store (the) earnings: 2/4 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.containerstore.com
Company Research Source: Business Wire
COPPELL, Texas--(BUSINESS WIRE)--The Container Store Group, Inc. (NYSE: TCS) (the “Company”), today provided an update on its response to the evolving COVID-19 pandemic.Melissa Reiff, Chief Executive Officer, said, “We are making the difficult decisions to adjust our store operations and reduce our workforce in light of the challenges we are facing during this unprecedented time. While these are the most difficult decisions we have made in our Company’s history, we have a responsibility to protect the safety of our people, while also preserving our long-term ability to offer jobs and benefits to our employees and product and services for our customers.”Ms. Reiff continued, “Our sales performance was tracking to our plans until mid-March; however, we have since seen a significant traffic decline in stores which has been partially offset by a surge in our Online demand. I want to thank all of our teams for executing on behalf of each other and our customers in this challenging envir Show less Read more
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