The Container Store this week laid off about 100 employees, roughly 2.5% of its total workforce, the company told Retail Dive in an email Thursday.
The affected employees have been notified by a member of the retailer’s leadership, and are getting severance and support from its human resources team, the company said.
The layoffs are the result of close scrutiny of the retailer’s cost structure amid declining sales that have continued into its fourth quarter, which ends March 30.
