Fewer shoppers were in the mood to buy containers last fall, as the Container Store blamed its third quarter performance on lower customer traffic.
The company said same-store sales declined 3.5% in the third quarter that ended Nov. 29.
“We were not satisfied with our comparable-store sales and are working to fix it. Traffic has been the culprit, as the average customer transaction was up 2%,” Container Store Group CEO Kip Tindell said.
But, Tindell added, traffic turned positive in the fourth quarter.