Another nail in coffin for troubled big box Texas retailer that conquered the country as it shutters stores
The Container Store, the Texas‑based home organization chain, is closing two California locations just months after emerging from bankruptcy.The retailer, which filed for Chapter 11 protection in December 2024 after being weighed down by mounting debt, rising competition and slowing sales, said it will shutter stores in Thousand Oaks and Oxnard.The Thousand Oaks location at 33 N. Moorpark Road is set to close by the end of this month, followed by the Oxnard store at 450 Town Center Drive in February. Notices posted in store windows alerted shoppers to the closures.After exiting Chapter 11 restructuring in January 2025, the company said it was cutting costs and laid off about two percent of its workforce.The 46‑year‑old retailer operated 103 locations as of December 3 last year. It received a major pandemic‑era boost from Marie Kondo's hit Netflix series Tidying Up, but has struggled to maintain momentum as inflation squeezed consumers and demand for non‑essential home goods slowed.In 2024, the company reported a $10 million loss as shoppers delayed big‑ticket purchases such as home remodels and storage overhauls, opting instead for essentials from discount retailers.Despite the strain, The Container Store continued operating normally during its bankruptcy proceedings and said no additional employees lost their jobs as part of the restructuring. The Container Store has announced it's closing two California locations just months after emerging from bankruptcy The Texas-based retailer will shutter stores in Thousand Oaks and Oxnard Executives said the company exited Chapter 11 after reducing long‑term debt, refinancing short‑term obligations and securing a $40 million capital injection.CEO Satish Malhotra called the move a 'new chapter,' saying the chain now has a healthier balance sheet that positions it for profitable growth.Still, the company's financial troubles have been years in the making. Once publicly traded, The Container Store was delisted from the New York Stock Exchange on December 9, 2024, after its market capitalization fell below required standards. Shares that debuted at $5.25 during its 2013 IPO plunged to just $0.32 by December 2024 before the company went private, according to Yahoo Finance.The company's latest downsizing comes amid a broader 'retail apocalypse' that has seen thousands of brick‑and‑mortar stores close nationwide. Just over two weeks into 2026 and big named retailers have already announced store closures,The ongoing retail bloodbath saw Macy's announce earlier this month that it was to close 14 'underproductive' stores across 12 states and on Tuesday luxury department store Saks Global group filed for bankruptcy, marking one of the largest retail failures since the pandemic.This comes after more than 8,000 chain retail store locations across multiple companies shut down in 2025.
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Another nail in coffin for troubled big box Texas retailer that conquered the country as it shutters stores
