The Container Store Group Inc. said Monday it is closing all remaining stores that were not already closed by state and local orders due to the coronavirus pandemic. The Coppell, Tx-based retailer said it will switch to click & pick curbside pickup and in-store appointments only, with just one customer at a time to be allowed into a store in select locations where it is allowed and employees want to work. The company has furloughed its store workers. Shares were not yet active premarket but have fallen 52% in the year to date, while the S&P 500 has fallen 23%.

The number of global cases of COVID-19 rose above 4.31 million on Wednesday, as Russia counted another 10,000 infections and Brazil and Mexico suffered their deadliest day since the start of the pandemic.

Moody's Investors Service, ("Moody's") affirmed The Container Store, Inc.'s ("The Container Store") B2 corporate family rating, its probability of default rating at B2-PD and its first lien term loan at B2. The Container Store has been able to keep a large percent of its stores open by being qualified as an essential business in some areas. The company's term loan and revolving credit facility matures in September 2023, and its $100MM asset based revolving credit facility expires in August 2022.

The Container Store Group, Inc. (NYSE: TCS) (the "Company") today announced that it plans to release preliminary unaudited selected financial results for the fourth quarter and fiscal year ended March 28, 2020 ("fiscal 2019") after market close on Tuesday, May 12, 2020.

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Container Store, Inc. (The) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

The Container Store Group, Inc. (NYSE: TCS) (the "Company"), today announced preliminary results for the fourth quarter and fiscal year 2019 ended March 28, 2020.

It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

Investors in The Container Store Group, Inc. (NYSE:TCS) had a good week, as its shares rose 2.5% to close at US$4.14...

The Container Store Group, Inc. (NYSE: TCS) (the "Company"), today provided an update on its response to the evolving COVID-19 pandemic.

The Container Store Group Inc. is closing all remaining stores that weren’t already closed in accordance with state and local orders and announced additional furloughs, the company stated in a regulatory filing on Monday.

The Container Store Group Inc. said Monday that it has furloughed some corporate staff, starting March 30, with those staff members receiving benefits until April 30. The retailer has also temporarily closed 40 stores, with staff at those locations receiving two weeks pay and benefits. The company's remaining stores will operate at reduced hours. There have been significant traffic declines in stores though e-commerce demand has "surged," said Chief Executive Melissa Reiff in a statement. Reiff's pay has been cut 45% starting March 30, while other executive officers will see a pay reduction of 33%. Fiscal year-end bonuses have been temporarily deferred, and salaries for other senior management have been cut by varying amounts. Non-employee board members have waived their quarterly retainer fees scheduled to be paid on April 1. The company has withdrawn its guidance for fiscal year ending March 28, and drawn down $50 million from its credit facility, with $78 million remaining. The Container Store stock has tumbled 64% over the past year while the S&P 500 index is down 10.3% for the period.

In this episode of Market Foolery, Chris Hill and Motley Fool analyst Jason Moser discuss the latest headlines from Wall Street. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks.

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has announced the winners of the grand finale of season eight of TCS CodeVita, one of the largest programming contests in the world.

Q4 2019 Container Store Group Inc Pre-Recorded Earnings Call

To the annoyance of some shareholders, Container Store Group (NYSE:TCS) shares are down a considerable 46% in the last...

The Container Store Group Inc. shares turned lower in the extended session Tuesday after the retailer reported some fiscal fourth-quarter numbers, including sales below Wall Street expectations. The company said that quarterly sales are seen at $241.3 million, down 4.7% compared with the fourth quarter of fiscal 2018, mostly because of the pandemic. Comparable-store sales are estimated to fall 3.6%. The quarter was tracking the company's "expectations" until the last few weeks of the period, when store closures and other business disruption started, the company said. Analysts polled by FactSet expect fourth-quarter sales around $250 million. The retailer is expected to report a complete fourth-quarter picture next week. The Container Store said it had a cash balance of about $67.8 million by the end of March. Total debt, net of deferred financing costs, was $333.5 million, and liquidity was $96.4 million at the end of the quarter. The shares ended the regular trading day up 14%.

Q3 2019 Container Store Group Inc Earnings Call

Thank you for listening to The Container Store's Fourth Quarter Fiscal Year 2019 Preliminary Financial Results and Business Update Call. Melissa Reiff, Chairwoman and Chief Executive Officer; and Jodi Taylor, Chief Financial and Administrative Officer, will provide further commentary on the company's fourth quarter and full year results and will also provide an update on quarter-to-date trends in the business, which we announced with our press release, dated May 12, 2020.

The Container Store Group Inc. has announced corporate pay cuts, furloughs and reduced hours for stores in response to the COVID-19 pandemic, according to a news release. The Coppell-based company is also furloughing some of its corporate employees starting Monday. The retail chain will reduce the base salaries of Chief Executive Officer and Chairwoman Melissa Reiff and other executive officers by 45 percent and 33 percent respectively.

The Container Store Group, Inc. (NYSE: TCS) (the "Company"), today provided an update on its store operations and customer service related to the evolving COVID-19 pandemic.