Credit rating agencies rank the Container Store (TCS) as one of the most financially distressed companies in the retail industry and there is a “high probability” the company will file for bankruptcy next year, said Tim Hynes, the global head of credit research at Debtwire, according to CNN. “I don’t see any dramatic increase in holiday sales that will change the situation. They are already pretty far down the line,” Hynes is quoted as having said.
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Read More on TCS:
- Beyond provides update on securities transaction with Container Store
- Potential Risks for The Container Store Group: How Beyond’s Influence Could Impact Shareholder Interests and Strategic Opportunities
- The Container Store Group Reports Q2 2024 Earnings
- Container Store reports Q2 EPS ($3.23) vs. 11c last year
- Is TCS a Buy, Before Earnings?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
