the container store

Malhotra To Succeed Reiff As Container Store CEO

The Container Store said that Satish Malhotra will succeed Melissa Reiff as CEO and president on February 1, 2021. Effective March 1, 2021, Reiff will retire from the company, while retaining her position as chairwoman of the board of directors until the annual meeting of shareholders in late summer 2021.

Stay At Home Consumer Fuels Strong Q2 For The Container Store

The Container Store posted strong second quarter results, as the retailer capitalized on the current stay-at-home market conditions. The company also pointed to the success of its partnership with The Home Edit, and revealed a new line with Marie Kondo.

The Container Store Sales Decline In Q1

The coronavirus pandemic and associated temporary store shutdowns impacted The Container Store’s first quarter, as the storage and organization retailer reported a sales decline. The company also named a new chief financial officer.

The Container Store Sales Decline In Q4

The Container Store saw its preliminary sales decline in the fourth quarter ended March 28, with the pandemic impacting the retailer’s performance. The company noted that one bright spot, however, was the increase in online customer orders.

The Container Store Launches Brand Campaign

As The Container Store celebrates its 40th anniversary, the home organization specialty store is launching a new brand campaign focused on its mission of helping consumers maximize the space in their homes, company officials said.

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