Principles and Profits: The Container Store Story - The Minute | 3BL Media

Profits versus virtue: that’s the cover story of the current issue of Bloomberg Businessweek. Its graphic illustration of two poles of business activity that have been historically thought of as opposing, but are increasingly looked to as complementary, define the point of the issue’s feature about the Container Store. The article reports the company’s DNA as “conscious capitalism,” a business strategy with a bottom line built on a higher purpose. By profit standards, the Container Store is doing very well. Its sales for 2014 are estimated at $790 million, with adjusted earnings of $94 million. It operates 70 stores with 5,000 employees. Principles are healthy, too. The company pays those employees an average of $48,000 a year, about twice the typical retail salary, and provides many other employee benefits.

Read the release: http://bit.ly/1LATc0E

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