The Container Store Summary

The article “No.3 midsize company: The container store” is taken from Chron.com Business website. This article talks about the advantages of working for “The Container Store” and how store’s managers take care of their employees by providing them with benefits, bonuses and wages fifty percent above the industry average. The Container Store is very successful and its practices and business philosophies are featured in national marketing textbooks. (Rutledge, 2012) The Container Store was first opened on July 1,1978 in a small retail place in Dallas, Texas. The idea behind “The Container Store” was to originate new category of retailing of storage and organization. The Store was selling shoe boxes, sweater boxes of many different sizes and
Also store management spends time training and satisfying its employees and offers medical benefits, bonuses and even pet insurance. The full time employees on average get paid $46,000 annual salary that is one hundred percent higher than the average wages in other retail stores. Many people with a college degree can’t find jobs that pay this much. Eighty percent of Store’s employees are part time and they also get paid higher than an industry average and receive bonuses. Many of company’s employees have stayed with the company for 15 or more years. Because of the successfulness of “The Container Store”, store’s practices and philosophies are featured in national marketing textbooks and are included in a best- practices study in a class at the Texas A&M University Center for Retailing Studies. (Rutledge,
When both managers and employees work together to make a difference, or to improve the company, then the company will be successful. This private company “The container Store” has proved that with working together companies can be successful. Many companies try so hard to make a profit that they forget to do this little step in training and proving good employment benefits that they end up losing a lot of employees and spend their time and money hiring new ones. Also The Container Store has recognized something unique and different but at the same time needed, because of this they created this company that no one else has. They are your to go company for any size boxes and containers. I believe that many companies should learn from The Container Store procedures. Also by providing their philosophies and business strategies to the Marketing textbook in Texas Colleges, The Container Store helps in educating successful managers. The quote form the article that I thought was really good about the reason why people like working for The Container Store was: “They love it because they are good at their jobs, and they are comfortable knowing that they are part of something bigger than a retail store”. The Container Store has a great customer service and a website that delivers orders to