The company has 67 stores nationwide. It went public on November 1, 2013 at $18 per share.
The Container Store also owns Elfa, a Sweden-based manufacturer and marketer of interior storage systems and sliding doors. Elfa is the company's best selling product.
The company's Home Office and Distribution Center are located in a one million sq. ft. building in Coppell, TX.
Container Store has been named one of the 100 Best Companies to Work for in America for 15 consecutive years. The average salesperson at Container Store can earn $50,000 per year.
For fiscal 2013, the company reported sales of $748.5 million, up 5.9% from the previous year. Net income was $8.16 million for the year. The company is opening eight new stores this year.
In 1978, Kip Tindell (CEO and President), Garrett Boone (Chairman), and Architect John Mullen opened a retail store offering a wide range of products devoted to helping people simplify their lives. In doing so, they founded a new category of stores for storage and organization. Initial cash to open the store was provided by Garrett, his father, and John Mullen, who were founding directors, officers and shareholders of the Company.
With a clear vision of the retail store they wanted to create and a first year start-up investment of only $35,000, the first challenge was to find products to sell. In 1978, most of the products The Container Store sold came from commercial or industrial manufacturers, and had never been sold in a retail environment. Kip and Garrett often had to persuade commercial manufacturers to supply them with retail merchandise. Mason's tool bags as overnight bags, egg baskets as carryalls and wire leaf burners as toy barrels were just a few of the original products that debuted in the 1,600 square foot store. The store outgrew its space within a year, and by 1980 had expanded twice. Eventually, the company's first store would have to move across the street to find room for an ever-increasing inventory.
Every first-year, full-time salesperson receives more than 241 hours of training - the retail industry average is about seven hours.
- Wages above the industry average
Updated October 20, 2014