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Stock impact report

The Container Store gets bad news from NYSE [Yahoo! Finance]

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: Yahoo! Finance
The decision was made on Monday because it had fallen below the NYSE's continued listing standard. This standard requires listed companies to maintain an average global market capitalization of at least $15 million over 30 consecutive trading days. The company still has the right to appeal the decision. The company won't be delisted until all procedures, including any appeal of the NYSE Regulation staff's decision, are completed. But it comes amid reports that the company is on the brink of filing for bankruptcy. Why The Container Store Could Be Next Retailer To Go Bankrupt The nationwide retailer, which offers a range of custom spaces, organizational solutions and in-home services and at one point gained fame through the success of Netflix's "Tidying Up" series, is now contending with a weaker housing market and a growing availability of cheaper alternatives. Sam Stovall, chief investment strategist at CFRA Research, told FOX Business that being dropped by the NYSE "can adve Show less Read more
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