Container Store stock jumps 40% today

Famous Container Store company is striving in the current red-hot real estate market. Apparently, with the cost of housing soaring in major metropolitan areas, people can afford much smaller houses and apartments which forces them to store major part of their belongings in storage containers so that they would not occupy much space in already smaller living places. Most of all storage gear is sold exactly by Container Store.

After reporting the record sales in its existing retail stores the stock of Container Store jumped +40% to $9.60. The management did some major redesign of company flagship store in Dallas and plans to roll out the same changes to other stores to increase the sales. Also, some great cost cutting procedures were installed allowing the company to save capital by using more technology and improving its e-commerce.