The Container Store is filing for bankruptcy. Here's what will happen to its stores.
CBSN
The Container Store said late Sunday that it is filing for Chapter 11 bankruptcy protection after years of losses and declining sales.
The retailer, known for selling storage and organizational products, said its stores and online operations will remain open while it goes through the bankruptcy process. Customer deposits and orders will continue to be honored. The Container Store has more than 100 locations in the U.S.
The Container Store's woes come during what's been a tough year for some bricks-and-mortar retailers, which have seen store closures spike almost 70% this year. Through November, about 45 retailers have filed for bankruptcy protection in 2024, compared with 25 retail bankruptcies for all of 2023, according to a recent CoreSight report.
President-elect Donald Trump is filling out his National Security Council with several officials who served in his first administration.
The congressional office of Republican Rep. Kay Granger of Texas denied she is in a memory care facility after a report in the Dallas Express said she has not been in Washington in months and that she had been found at Tradition-Clearfork in Fort Worth, which offers assisted living and memory care, in addition to independent living for seniors.
A former researcher at OpenAI was found dead inside of his California apartment last month, authorities said. Suchir Balaji, 26, had in recent months become a whistleblower against OpenAI, speaking publicly about the company's practices and questioning whether or not they were legal.
Washington — Department of Homeland Security Secretary Alejandro Mayorkas said as his time at the helm of the nation's immigration enforcement comes to a close that "a really terrific solution was killed by irresponsible politics" when the bipartisan border deal fell apart earlier this year.
Troublesome weather throughout the country could cause delays as forecasts show areas of rain and snowfall ahead of the holiday.
Dating back a month now, you've either seen them in the sky, or you've seen them on the news: Drones seem to be everywhere. By all accounts, alleged drone sightings are multiplying exponentially, with more than 5,000 reported in just the past few weeks alone.
There's plenty of public uncertainty about who's controlling drones spotted over the East Coast. One idea does dominate, though: the public suspects the U.S. government is keeping information from them.
She is forever frozen in time. JonBenét Ramsey — 6 years old, dressed for a beauty pageant. And we still don't know who killed her. CHIEF STEPHEN REDFEARN | BOULDER POLICE DEPARTMENT: … we have thoroughly investigated multiple people identified as suspects throughout the years, and we continue to be open-minded about what occurred as we investigate the tips that come in to detectives.
Kari Lake said it's not her intention to turn the government-funded news outlet Voice of America into "MAGA TV," but that she wants to see a return of politically neutral journalism.
Two U.S. Navy pilots were shot down over the Red Sea in an apparent "friendly fire" incident, the U.S. military said Sunday. Both pilots were recovered alive, with one suffering minor injuries in the incident.
[This story previously aired on Dec. 18, 2021. It was updated on Dec. 21, 2024.] POLICE: You have no idea where Laci is? POLICE: You have any questions? SCOTT PETERSON [voicemail]: Hey, beautiful. I just left a message at home 2:15. I'm leaving Berkeley. I won't be able to get to Vella Farms to get the basket for Papa. I was hoping you would get this message and go on out there. I'll see you in a bit, sweetie. Love you. Bye. SCOTT PETERSON [police interview]: It seemed too cold to go play golf at the club, so ... SCOTT PETERSON [phone recording]: I wanted to call you. SCOTT PETERSON: We took care of each other very well. She was amazing – is amazing. GLORIA GOMEZ: Why would you leave Laci … alone to go fishing on Christmas Eve? SCOTT PETERSON: We have separate pursuits. … and being, you know, seven-and-a-half months pregnant she's not going to want to go out in a boat. SCOTT PETERSON: Want me to turn that off? AMBER FREY [phone recording]: Hello. SCOTT PETERSON [phone recording]: Amber are your there? SCOTT PETERSON [phone recording]: … I'm near the Eiffel Tower, the New Years' celebration is unreal. AMBER FREY [phone recording]: I deserve to understand an explanation of why you told me you lost your wife, and this was the first holidays you'd spend without her? That was December 9th – you told me this and how all- of-a sudden your wife's missing? Are you kidding me? … POLICE: You remember what part you saw? SCOTT PETERSON [phone recording]: I was staggered by it. I had no idea it was coming. SCOTT PETERSON [phone recording]: It's pretty awesome, fireworks there at the Eiffel Tower. POLICE INTERVIEW: OK, so then about 9:30 you left? SCOTT PETERSON: We were watching her favorite show, "Martha Stewart."