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The Container Store Group, Inc. (symbol: TCS), founded in 1978 and based in Coppell, Texas, stands as the nation's original and leading retailer of storage and organization products. With a diverse range of over 10,000 innovative and multifunctional solutions, the company focuses on simplifying customers' lives by optimizing space and saving time.
The Container Store operates both through a robust online platform and physical locations that span coast to coast, each averaging 25,000 square feet. The company is known for its employee-first culture, driven by its seven foundation principles™—simple business philosophies that guide every decision. This commitment has repeatedly earned it a spot on Fortune Magazine’s list of “100 Best Companies to Work For.”
Business Segments:
- The Container Store Segment: Comprising retail stores, a dynamic website, and a customer-friendly call center, this segment also covers installation and organizational services, solidifying its role as the core revenue driver.
- The Elfa Segment: Specializes in designing and manufacturing component-based shelving and drawer systems, along with made-to-measure sliding doors, catering to customized storage needs.
Recent achievements have reinforced The Container Store's reputation as a pioneer in the industry. Their innovative product lineup, coupled with exceptional customer service from highly-trained organization experts, positions them as a go-to for consumers seeking efficient storage solutions.
The company's philosophy of putting purpose before profits reflects in its operations and partnerships. With a thriving online business and numerous physical locations, The Container Store continues to grow while maintaining its unique employee-centric culture and high-quality service.
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The Container Store Group, Inc. (TCS) will release its Q3 fiscal 2023 financial results on February 6, 2024, followed by a conference call with live remarks and a Q&A session. Investors and analysts can access the call through dial-in or live webcast, with a taped replay available online and by phone until March 6, 2024.
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The Container Store Group, Inc. has partnered with the American Heart Association for year-round initiatives to raise awareness and fundraise for heart and brain health. The company joins the Life Is Why™ cause marketing campaign to inspire consumers to live healthier, longer lives. The partnership aims to engage both customers and employees in meaningful ways, aligning with the company's brand purpose of transforming lives through organization. The initiative supports the American Heart Association's efforts in fighting cardiovascular disease and stroke through research and education.
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The Container Store Group, Inc. (NYSE: TCS) provided an update on its third quarter fiscal 2023 outlook, expecting consolidated net sales of approximately $214 million, lower than the prior guidance range of $220 million to $225 million. The profitability for the quarter is expected to be negatively impacted by the sales shortfall. The CEO commented on the challenging business trends and underperformance of general merchandise categories, while highlighting strength in the Custom Spaces business. The Company will discuss its full financial results and outlook for the fourth quarter fiscal 2023 on its third quarter fiscal 2023 earnings call in early February.
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The Container Store Group, Inc. (TCS) to host fireside chat at 2024 ICR Conference in Orlando, Florida
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The Container Store Group, Inc. (NYSE: TCS) has elevated Lindy Rawlinson to Chief Digital Officer and Jennifer Pape to Senior Vice President of Stores to support the retailer's focus on strengthening its Custom Spaces business. Rawlinson will oversee ecommerce and marketing, while Pape will manage the expanding store fleet and have an increased focus on Custom Spaces business areas.
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The Container Store Group, Inc. (NYSE: TCS) has opened its 100th store in Princeton, NJ, as part of its strategy to Expand its Reach and achieve $2 Billion in revenue. The new small-format store features a full Custom Spaces Studio, curated general merchandise, and in-home services, with an average of 12,500 selling square feet. CEO Satish Malhotra highlighted the success of small-format stores, with Custom Spaces adoption averaging 39% of sales per store and a strong Net Promoter Score of 83.
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Caraway (NYSE: TCS) partners with The Container Store to offer the widest array of its non-toxic coated cookware and kitchenware products in a retailer to date. The expanded partnership includes nationwide availability of Caraway's products, with a focus on strategic growth categories and a spotlight on design-forward, eco-friendly, and ethically sourced products.
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The Container Store Group, Inc. (NYSE: TCS) reported a 19.4% decrease in consolidated net sales for the second quarter of fiscal 2023 compared to the same quarter last year. The company's net loss per share was $0.48, inclusive of a non-cash goodwill impairment charge. However, adjusted net income per diluted share was $0.01. The company's comparable store sales decreased by 20.0%. The CEO expressed satisfaction with the performance of new products and premium offerings. The company updated its fiscal 2023 earnings outlook.
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The Container Store Group highlights the enhancements it has made to its Custom Spaces offering, including new design options and a new Garage+ system. The company aims to stay competitive in the $6 billion custom spaces market by driving innovation and offering a complete solution for customers.
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The Container Store Group to release Q2 fiscal 2023 financial results on October 31, 2023
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FAQ
What is the current stock price of THE CONTAINER STORE GROUP (TCS)?
The current stock price of THE CONTAINER STORE GROUP (TCS) is $2.65 as of December 10, 2024.
What is the market cap of THE CONTAINER STORE GROUP (TCS)?
The market cap of THE CONTAINER STORE GROUP (TCS) is approximately 9.1M.
What does The Container Store Group, Inc. specialize in?
The Container Store specializes in storage and organization products, offering over 10,000 innovative solutions to simplify customers' lives.
Where is The Container Store Group, Inc. based?
The Container Store Group, Inc. is based in Coppell, Texas.
When was The Container Store founded?
The Container Store was founded in 1978.
What are the core business segments of The Container Store Group, Inc.?
The company operates through two segments: The Container Store segment (retail stores, website, call center, installation, and organizational services) and the Elfa segment (designing and manufacturing shelving and drawer systems, and sliding doors).
How does The Container Store put employees first?
The company follows seven foundation principles™ and maintains a culture that prioritizes employees, which has earned it a spot on Fortune Magazine’s list of '100 Best Companies to Work For.'
What is unique about The Container Store’s product offerings?
The Container Store offers multifunctional and customizable storage and organization solutions designed to save space and time.
How large are The Container Store’s physical locations?
Each store averages around 25,000 square feet.
Can customers shop online at The Container Store?
Yes, The Container Store has a thriving online business.
What is the focus of the Elfa segment?
The Elfa segment focuses on designing and manufacturing component-based shelving and drawer systems, as well as made-to-measure sliding doors.
What recent achievements has The Container Store made?
Recent achievements include reinforcing its reputation as an industry pioneer with innovative product offerings and excellent customer service.
THE CONTAINER STORE GROUP, INC.
NYSE:TCS
TCS Rankings
TCS Stock Data
9.15M
2.04M
4.41%
59.36%
3.56%
Specialty Retail
Retail-home Furniture, Furnishings & Equipment Stores
United States of America
Coppell