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June 03, 2015 6:07 PM ET

Specialty Retail

Company Overview of The Container Store, Inc.

Company Overview

The Container Store, Inc. operates a chain of retail stores in the United States. The company offers products in the categories of bath, cleaning, collections, closet, desks, dorm, entryway, garage, gift card and packaging, home office, hooks, jewelry storage, kitchen, laundry, shelving, storage, top pinned, toy storage, trash and recycling, and travel, as well as moving, shipping, and storage products. It also provides design and installation services. The company also sells its products online. The Container Store, Inc. was founded in 1978 and is based in Coppell, Texas. It has stores in Arizona, Arkansas, California, Colorado, District of Columbia, Florida, Georgia, Illinois, Indiana, Kan...

500 Freeport Parkway

Coppell, TX 75019

United States

Founded in 1978

Phone:

972-538-6900

Fax:

972-538-7646

Key Executives for The Container Store, Inc.

Co-founder, Chairman, Chief Executive Officer and President
Age: 61
Co-founder
Vice President of Buying Logistics and Operations
Vice President
Vice President
Age: 50
Compensation as of Fiscal Year 2014.

The Container Store, Inc. Key Developments

The Container Store to Open its First Wisconsin Store at Mayfair in Wauwatosa in 2015

The Container Store will open its first Wisconsin store at Mayfair in Wauwatosa in 2015. The announcement marks the latest in a string of retailers that chose Mayfair mall for their first Wisconsin location. The mall also is working on plans for the Nordstrom store that also will open in 2015. The Container Store will be at the southeast corner of the Mayfair mall property, nearest to the North Avenue entrance in the former Aurora office building location.

The Container Store, Inc. Enters into Second Amendment to the Credit Agreement

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

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.

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