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

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

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

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

Excluding car sales, consumer holiday spending rose 3.8% year over year, according to Mastercard SpendingPulse, higher than its estimate for a 3.2% rise.

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If you were hoping for a special gift this holiday season but didn’t find it under the tree — don’t fret! There’s still time to treat yourself. Many retailers are offering incredible discounts that rival Black Friday.

Mastercard said consumers were "value-minded" and shopped at both brick-and-mortar stores and online platforms in search of attractive deals.

The 2024 holiday season may nearly be over, but deals on best-selling kitchenware, like cookware, bakeware, appliances, and top-tier food storage from Pyrex and Rubbermaid are still going strong. Shop Walmart’s huge after-Christmas sale now and save up to 80 percent,