NewsThe Container Store, a retail chain, which offers a range of custom spaces, organizational solutions and in-home services, could be the next big retailer to go bankrupt. Patrick T. Collins spoke with Fox Business on how the retailer’s potential financial future will impact operations.
From the article:
Store’s ability to avoid bankruptcy really depends, “at least in the short term, on whether it can obtain relief from its lenders.”
“The timing of a potential bankruptcy will be dictated by the company’s liquidity and progress on preparations towards implementing the strategy it would hope carry out in a Chapter 11 bankruptcy case,” Collins said. “In the meantime, publicized predictions of a bankruptcy filing by The Container Store may further increase the financial pressure on the company as the prospect of a bankruptcy may cause trade vendors to tighten or eliminate the credit terms they offer to the company.”
Read the full article on Fox Business here:
Why The Container Store could be next retailer to go bankrupt | Fox Business
