The Container Store filed for bankruptcy protection on Sunday amid a slowdown in sales. Under Chapter 11 protection, the storage and organizational supply retailer based in Coppell will still operate and make timely payments to vendors and suppliers.

The company has faced increasing competition at a time when demand for its goods is under strain in a rough housing market.

The Texas-based company, which has stores in Uniondale and Huntington, is grappling with mounting losses and cash flow shortages.

The home-organizing giant struggled with a pullback in store sales and increased competition from discounters.

The Container Store just filed for bankruptcy. I visited the store's Manhattan location in September and was disappointed with the pricing.

The Container Store has officially filed for bankruptcy. So what happens to the popular home storage and organization chain? According to CBS News, the Texas-based company said that its stores and online operations will remain open throughout its Chapter 11 bankruptcy process. The chain has more than 100 locations across the United States.

The company, which counts more than 100 locations, is the latest national retailer weighed down by market forces.

Walmart and fintech company Branch Messenger are being sued by the Consumer Financial Protection Bureau for allegedly forcing more than one million delivery workers to use expensive deposit

The Container Store, a well-known retailer specializing in home storage and organization solutions, has filed for Chapter 11 bankruptcy protection.

The Container Store, the popular retail location for all things organizing, has announced plans to enter Chapter 11 bankruptcy protection. In a news release, the company said it will start a recapitalization to help strengthen its financial position for long-term growth and profitability.

The Container Store, a once-thriving home organization retailer, has become the latest casualty in a string of bankruptcy filings that have rocked the retail industry. In a recent message to customers,