The Container Store on verge of possible bankruptcy filing as housing market flails: report
1. Container Store faces potential bankruptcy due to weak housing market. 2. Sales declined 10.5%, losses of $30.8 million reported last quarter. 3. Inflation and high mortgage rates reduce discretionary spending on home goods. 4. Competitors like Walmart gain market share as consumers seek cheaper options. 5. Holiday sales expected to underperform compared to last year.