The Container Store files for bankruptcy as housing crisis cripples cash flow

The company has struggled to raise cash, and last month an agreement with the owner of Bed Bath & Beyond, Overstock and Zulily that would have come with a $40 million cash infusion fell apart. The Container Store said in a regulatory filing that it did not believe that it could match the financing requirements of the partnership with Beyond Inc.

AP Photo/Cathy Bussewitz, File