Overview
- The Container Store has begun a nationwide reset with discounts as 98 locations transition in May to the Container Store + Bed Bath & Beyond format.
- About 30% of products are being discontinued at those stores to clear space for Bed Bath & Beyond merchandise.
- Early plans call for roughly a dozen California outposts plus named sites in the Chicago area, three Massachusetts stores, and one in Rhode Island.
- Bed Bath & Beyond agreed on April 2 to buy The Container Store for $150 million in stock and convertible notes, along with Elfa and Closet Works, with integration set to roll out in phases.
- The combined stores will blend organizing solutions and in-home services with a wider home assortment, giving shoppers immediate deals now and a broader selection as new stock arrives.