May 8, 2023
Let’s face it: We have a lot of stuff and need a place to put it. The Container Store Group (Tii:TCS) has understood the need for storage and organization products since it was founded in 1978. The need to get organized is apparent in the company’s growth. It has locations nationwide and more than 10,000 products designed to transform lives through the power of organization.
It is the only national retailer solely devoted to the category of storage and organization. Founded and based in Coppell, Texas, The Container Store is the nation’s original and leading retailer of storage and organization products designed to simplify customers’ lives, save space and, ultimately, save time.
The Container Store has nearly 100 locations from coast to coast that each average 25,000 square feet. The company also has a robust online business. Since its inception, The Container Store has nurtured an employee-first culture. It also believes strongly in exceptional customer service through its highly-trained organization experts.
The company believes in putting employees first and staying true to a set of seven “Foundation Principles” — simple business philosophies that guide each decision the company makes. The focus on employees and culture has helped The Container Company land on FORTUNE magazine’s list of “100 Best Companies to Work For” for many years.
The Container Store is one of the pioneering companies in a movement called Conscious Capitalism, which includes a group of companies working together to change the face of business by focusing on employees, customers, vendors, community and shareholders.
Custom options are important to the success of The Container Store. The Container Store Custom Spaces consists of its elfa Classic, elfa Décor, Avera and Preston systems, which are wholly-owned and manufactured by The Container Store.
In 2007, The Container Store was sold to The Container Store Group. In November 2013, the company completed the initial public offering of its common stock that trades on The New York Stock. In fiscal year 2021, the company generated consolidated net sales of $1.1 billion.
Its operations consist of two reportable segments:
The Container Store consists of its retail stores, website and call center (which includes business sales), as well as its in-home services business. In fiscal 2021, TCS had net sales of $1 billion, which represented approximately 93% of our total consolidated net sales.
Elfa is The Container Store’s wholly owned Swedish subsidiary. Elfa International AB designs and manufactures component-based shelving and drawer systems and made-to-measure sliding doors. Elfa was founded in 1948 and is headquartered in Malmö, Sweden. Elfa’s shelving and drawer systems are customizable for any area of the home, including closets, kitchens, offices and garages. The Container Store began selling elfa products in 1978 and acquired Elfa in 1999. The TCS segment is the exclusive distributor of elfa products in the U.S. In fiscal 2021, the Elfa segment had $70.9 million of third party net sales.
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