Company Overview of The Container Store, Inc.
The Container Store, Inc. operates retail stores that sell products to large and small companies for commercial use. The company offers products in various categories, including bath, cleaning, closet, containers, desks, dorm, garage, gift packaging, hooks, jewelry storage, kitchen, laundry, living style, office, shelving, toy storage, trash and recycling, travel, and umbra, as well as moving, shipping, and storage. It also provides gift cards and commercial design services. The company also offers products through its Website. The Container Store, Inc. was founded in 1978 and is based in Coppell, Texas. It has store locations in Arizona, Arkansas, California, Colorado, District of Columbia,...
500 Freeport Parkway
Coppell, TX 75019
Founded in 1978
Key Executives for The Container Store, Inc.
Vice President of Buying Logistics and Operations
Compensation as of Fiscal Year 2013.
The Container Store, Inc. Key Developments
The Container Store, Inc. Enters into Second Amendment to the Credit Agreement
Nov 27 13
On November 27, 2013, The Container Store, Inc. entered into a second amendment to the Credit Agreement, dated as of April 6, 2012, among the Company, the guarantors party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders party thereto. The Amendment amends the Credit Agreement to, among other things, (i) reduce the applicable interest rate margin from 4.25% to 3.25% for LIBOR loans and from 3.25% to 2.25% for base rate loans, (ii) decrease the interest rate floor from 1.25% to 1.00% for LIBOR loans and from 2.25% to 2.00% for base rate loans, and (iii) impose a 1% premium if a voluntary prepayment is made from the proceeds of a repricing transaction within 6 months after the Effective Date.
Container Store Reportedly To Hire Advisors For IPO
Jun 5 13
The Container Store, Inc. has begun to hire advisers to prepare for a potential initial public offering (IPO), a person briefed on the matter said. Among the firms that the Container Store has hired is JPMorgan Chase, this person added. However, it is still not clear whether Container Store will go forward with a stock sale or how much it would seek in an offering. A spokeswoman for the Container Store declined to comment to the New York Times.
Container Store Mulls IPO
Mar 20 13
The Container Store, Inc. is planning to launch an initial public offering (IPO), Container Store’s Chief Executive Officer, Kip Tindell told the Wall Street Journal. In an interview, Kip Tindell told the Wall Street Journal that an IPO might be a way to put equity in the hands of some of the company's 6,000 employees.
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