#4 - Container Store Group Inc. (NYSE:TCS)
Container Store Group Inc. (NYSE: TCS) - It’s ironic when a business that specializes in providing options for customers to store their excess attempts to shrink its way to success. But that seems to be the plan for the Container Store Group Inc. With layoffs and restructuring plans announced, the company hopes to continue its positive second-quarter earnings report that beat analysts' expectations. However, the company is already facing a strong challenge from less expensive online options and competition from large box stores such as Home Depot (suggesting organization has gone mainstream) and specialty home furnishers such as Bed, Bath & Beyond (hitting the company on its design flank). The company still has 80 operating stores in the United States and did post an increase in sales in their most recent earnings report. However, same-store sales remained weak (down 0.2%). The model for the company is not a sustainable one in a brick-and-mortar environment. After all, once items are stored, the need for the product goes away.
About The Container Store Group
The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop organizers, cosmetic and jewelry organizers, shower and bathtub organizers, drawer organization, and cabinet storage products; closets; and ventilated and solid shelving and drawer components and systems, wall and door rack solutions, accessories, utility and garage systems, and sliding doors.
Read More - Current Price
- $0.79
- Consensus Rating
- Hold
- Ratings Breakdown
- 0 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $3.50 (343.0% Upside)
