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The Container Store faces bankruptcy risk due to declining sales and financial distress.
The Container Store, a home organization retailer, is at risk of bankruptcy due to a weak housing market, competition, and a decline in interest for home organization products post-Marie Kondo's "Tidying Up" show.
The company saw a 10.5% drop in sales and lost $30.8 million in the latest quarter.
Credit rating agencies have labeled it as one of the most financially distressed in retail, with analysts predicting a tough holiday season ahead as customers seek cheaper alternatives.
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El Container Store se enfrenta al riesgo de quiebra debido a la disminución de las ventas y dificultades financieras.