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Bloomberg

Container Store Brings on Adviser to Address Inventory Struggles

The Container Store is working with Berkeley Research Group as the retail store wrestles with flagging earnings, according to people familiar with the situation. Months after a January exit from bankruptcy, the closely held chain continues to grapple with issues including inventory that's missing the mark on customer taste and pricing that often remains at odds with consumer demand, said the people. The popular seller of closet organizers and storage bins is still burning through cash, they said, asking not to be identified discussing a private matter.