The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 8 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
The Container Store Achieved Sub-10% Turnover Versus Triple-Digit Industry Rates
“You know, later on Fortune Magazine's running around saying we're the best company to work for in America, but the way we measured that was by having single digit, less than 10% employee turnover in an industry that had triple digit turnover.”
Raz: The Container Store filed bankruptcy and was acquired for $150M
“Soon after, you know, we spoke, the Container Store, which you are not involved with at all anymore, but it announced it was filing for bankruptcy, and then I think a few months ago, it was actually acquired by
Buy Bed Bath & Beyond for about a hundred and fi…”
Tindell capped The Container Store's annual growth at 20% for 40 years
“I always pegged our growth at 20% a year, which in those days, 20% growth was astronomically fast. Now, it's not anymore, you know, with technology companies and that type of thing, but it, boy, retail back then, 20%, and I just stopped it at 20%, because goin…”
Retail Plastic Storage and Corrugated Boxes Did Not Exist Before 1978
“There were no plastic storage boxes as we know them today. There were no corrugated boxes for sale, as we know and forget.”
The Container Store Launched With Only $35,000 in Capital
“35,000 dollars was all we had to start with.”
Owen and Luke Wilson's Father Suggested Naming 'The Container Store'
“Yes he suggested probably 50 or 75 names. This was one of those. He was a good friend of John Mullen's, the father of his famous sons.”
The Container Store Avoided Outside Capital For Decades, Reinvesting Earnings
“We certainly didn't want to, you know, raise capital and add new investors, and we didn't do that for many decades. We generated a lot of earnings, and then we put that money back in the business. We just incrementally grew Totally financed by the earnings of …”
The Container Store's Original Display Shelving and Baskets Were for Sale
“Garrett sourced the shelving, which was actually the fixtures that all the products were sitting on. So, and the shopping baskets were also for sale. So we could literally sell the entire store all the way down to the fixtures if we wanted to.”