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Dive Brief

The Container Store files for IPO, looking for $200M

Published Oct. 1, 2013
By
Philip Nations Contributing Editor

Dive Brief:

  • The Container Store, a specialty retail chain which specializes in storage and organization solutions, has filed for an initial public offering with hopes of raising $200 million.
  • The company currently operates 62 stores across 22 U.S. states with annual sales of $702 million.
  • According to the filing details, The Container Store currently has an outstanding debt of $392 million.

Dive Insight:

After filing its IPO on Monday, The Container Store is planning to expand. The company believes it has the potential to grow its brand throughout the U.S. and isn’t ruling out further expansion into international markets. The specialty retailer will open six new stores before the end of the current fiscal year and seven additional locations planned by the end of next year. 

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