‘The Container Store is here to stay,’ vows CEO in Chapter 11 bankruptcy announcement, but will stores close?

The specialty retail chain has become the latest brick-and-mortar business to seek bankruptcy protection this year, but it insists that customers and employees will barely notice.

Two weeks after its stock was suspended from the New York Stock Exchange (NYSE), The Container Store has become the latest embattled retailer to file for Chapter 11 bankruptcy protection. Here’s the latest update and what you need to know: