Container Store
 |
|
| Public | |
| Traded as | : TCS |
| Industry | Retail |
| Founded | Dallas, Texas (1978) |
| Founder | Garrett Boone and Kip Tindell |
| Headquarters | Coppell, Texas |
|
Number of locations
|
90 (Nov 2017) |
| Revenue |
 USD $795 million (2015) |
|
USD $22.7 million (2014) |
|
| Owner | Leonard Green & Partners |
|
Number of employees
|
4,281 |
| Website | www.containerstore.com |
USD $5.1 million (2015)
The Container Store Group, Inc. is an American specialty retail chain company that operates The Container Store, which offers storage and organization products.
On July 1, 1978, The Container Store opened in a small, 1,600-square-foot (150 m2) retail space in Dallas. Kip Tindell (Chairman and CEO), Garrett Boone (Chairman Emeritus), and architect John Mullen opened a retail store offering a mix of products devoted to helping people simplify their lives. In doing so, they originated a new category of retailing (storage and organization). Initial cash capital was provided by Garrett, his father, and John Mullen, who were founding directors, officers and shareholders of the company. In 1999, the company bought one of its main suppliers, Elfa International, a Swedish corporation that specialized in shelving and storage units.
The company has made Fortune's list of "100 Best Companies to Work For" in each of the past 17 years, through 2016.
In February 2007, its owners announced that they were "exploring alternatives," including selling the company to private investors, in order to fund future growth. They stated that they would not sell unless they received guarantees that the corporate culture was preserved. On July 2, 2007, the company announced that they had closed a deal with a private equity firm based in Los Angeles, Leonard Green & Partners, which obtained a majority stake.
Garrett Boone and Kip Tindell met while working in the paint department of Montgomery Ward. The first store location outside Texas opened in Atlanta, Georgia in April 1991. By December 1998, the chain had grown to 18 stores in operation. In October 2000, its first New York metropolitan area store opened. As of November 2004, it had 33 locations, and reached 38 with the opening of the first Los Angeles area location in October 2006.
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Wikipedia