The slowdown of U.S. consumer spending has hit The Container Store's bottom line as shoppers cut back on buying discretionary items, such as home goods and furniture, helping lead to a 15% drop of consolidated net sales for the fourth quarter, forcing the retailer to lay off a portion of its workforce.
Sales Slowdown Delays The Container Store's US Store Expansion
Retailer Plans To Lay Off 15% of Its Dallas-Area Headquarters Employees
CoStar News
May 18, 2023 | 6:58 P.M.
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IN THIS ARTICLE
- Properties
- Freeport Corp Ctr 23
500 Freeport Pky, Coppell, TX
- Companies
- The Container Store Group, Inc
Retailer