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.

Get all the news you need in your inbox each morning. According to the company statement, at least 90% of the company's lenders have agreed to the bankruptcy filing, which is expected to add $40 million in financing,