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.
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 is launching an exclusive co-branded collection of organizing tools by Marie Kondo, tidying expert, New York Times bestselling author, Emmy-nominated television star and founder of KonMari Media, Inc.
The Container Store said that Walter Robb will step down from the company’s board of directors, effective December 31, 2020, in order to focus on other business endeavors.
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 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 has provided an update on its response to the evolving COVID-19 pandemic, and has taken measures such as reducing store hours and furloughing a portion of its corporate employees.
The Container Store reported strong sales results for the third quarter, with the company’s Custom Closets business driving a solid sales performance although holiday department sales declined.
The Container Store revealed its preliminary sales results for the third quarter, with the company’s Custom Closets business driving a solid sales performance but holiday department sales declining.
The Container Store delivered a solid second quarter ended September 28, 2019, as the storage and organization retailer continued to grow its Custom Closets business.
First quarter sales at The Container Store were up 7%, driven by strong comparable store growth and a double-digit increase in revenue from its custom closets business.
The Container Store strengthened its market position in its fourth quarter and fiscal year 2018, ended March 30, with strong sales growth and a rise in net income.
The Container Store is capitalizing on the continued success of its custom closet business by introducing a fourth line to complement its Elfa and TCS Closets offerings.
The Container Store has provided further details on its leadership transition when Kip and Sharon Tindell retire from their executive posts.
The Container Store’s Kip and Sharon Tindell, chairman and president of the retailer, plan to retire from the company this August.
The Container Store delivered a solid second quarter of its fiscal year, with both sales and earnings up as the retailer continued to step up its omnichannel growth and marketing efforts.
Fiscal year first quarter sales at The Container Store were up as the retailer’s custom closets business was cited by company officials as a key driver.
The July 23 issue of HOMEWORLD BUSINESS® features the 19th annual Impact Merchants special report. Housewares suppliers, representing the categories that HomeWorld covers, once again were asked to nominate buyers and merchandisers believed to have made a significant impact during the past year.
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.
The Container Store has raised the curtain on its newly designed flagship store in Dallas that company officials said will ease the shopping experience for their customers.