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Stock impact report

The Container Store faces a do-or-die holiday shopping season [CNN]

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: CNN
In 2019 and 2020, the Container Store got a big boost “Tidying Up,” the hit Netflix show from the home de-cluttering evangelist. Customers rushed into stores to buy storage bins, pantry and drawer organizers, shelves and other goods to organize the junk in their homes, helping drive up the company's sales. The Container Store in 2021 launched a partnership with Kondo to design exclusive products for the chain. “When ‘Tidying Up' premiered in 2019 and consumers immediately connected decluttering and organization with The Container Store, we knew that there was an opportunity to create something special with Marie,” the Container Store's then-CEO Melissa Reiff said in 2020. But the Kondo effect has worn off, and the Container Store's future is in jeopardy. A weak housing market and steep competition have squeezed the chain. The Container Store, which first began in 1978 and has grown to around 100 US locations, now faces a critical holiday shopping season to save it from bankrupt Show less Read more
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