Container Store CEO reveals possible bankruptcy after price hikes ‘significantly impacted the company’s performance’ ...Middle East

FALLING sales have heavily impacted The Container Store as the CEO now looks to scale back its operations. The store has faced a decline of nearly $10million in retail sales between financial quarters, and is now facing bankruptcy. AlamyThe Container Store’s sales in its retail sector dropped 10.4 per cent between quarters[/caption] AlamyThe company is seeking alternate financial arrangements in case of bankruptcy threats[/caption] The Container Store ended its most recent fiscal year with net sales of $847.8million, which is a 19 per cent drop from the previous year. Sales in the retail segment dropped 10.4 per cent from $196.6million to $186.6million. Same stor

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