OTC Markets OTCPK - Delayed Quote • USD The Container Store Group, Inc. (TCSG) Follow Compare 0.2088 0.0000 (0.00%) At close: January 17 at 3:00:00 p.m. EST All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Crafts Retailer Joann Files Second Bankruptcy in a Year (Bloomberg) -- Crafts and fabric retailer Joann Inc. filed bankruptcy protection for the second time in less than a year in order to quickly find a buyer willing to rescue the company from liquidation.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesNYPD Reforms Car Chase Policy Amid Rising Crashes, InjuriesChurches, Cinemas — and Moon Artifacts — Top Retailer Joann Considers Second Bankruptcy Filing in a Year (Bloomberg) -- Joann Inc., the fabric and crafts retailer that emerged from Chapter 11 less than a year ago, is considering filing for bankruptcy again as it runs out of cash, according to people with knowledge of the matter. Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC Condo Owners May Bear Costs of Landmark Green Building LawNew York, San Francisco Ranked Worst for US Traffic in City Crafts Retailer Joann Engages Advisers Amid Liquidity Pressures (Bloomberg) -- Joann Inc. is working with advisers to help shore up its balance sheet and ease liquidity pressures, less than a year after the fabric and crafts retailer emerged from bankruptcy, according to people with knowledge of the situation. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeCan American Drivers Learn to Love Roundabouts?Don’t Shrink the BusIs This Weird Dome the Future of Watching Sports?NYC Congestion Pricing Takes Effect After Year The Container Store adds to growing list of bankruptcies in 2024 The Container Store (TCSG) files for bankruptcy, as the number of bankruptcies in 2024 is on track to reach the highest level seen since 2010. Yahoo Finance Senior Reporter Brooke DiPalma sits down with Seana Smith and Brian Sozzi on Catalysts to break down The Container Store's bankruptcy and examine the number of bankruptcies throughout the year. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan. Home goods retailer The Container Store files for bankruptcy protection The Container Store expects to confirm a pre-packaged plan of reorganization within the next 35 days, it said in a filing late on Sunday, adding that its website and 102 stores will remain open during the process. The Container Store, buffeted by rough housing market and competition, seeks bankruptcy protection NEW YORK (AP) — The Container Store has filed for bankruptcy protection as the storage and organizational goods retailer with roots dating back to the 1970s grapples with mounting losses and cash flow shortages. Container Store Files for Bankruptcy After Losses Pile Up (Bloomberg) -- The Container Store Group Inc. has filed for bankruptcy to address mounting losses and a substantial debt load that has weighed on the chain.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNew York City’s Historic Preservation Movement Is Having a Midlife CrisisThe retailer, which sells closet organizers The Container Store files for Chapter 11 bankruptcy The Container Store couldn't keep up as consumers turned to Amazon, focused on essential goods and pulled back on big-ticket items. Performance Overview Trailing total returns as of 2025-01-17, which may include dividends or other distributions. Benchmark is S&P 500 Return TCSG S&P 500 YTD 0.00% +1.52% 1-Year -99.11% +25.82% 3-Year -99.87% +28.61%
