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Texas-based retailer The Container Store has filed for Chapter 11 Bankruptcy. What does that mean for its customers?

The retailer was the third major chain to declare bankruptcy last week, joining Woodcliff Lake-based Party City as well as ...

The Container Store said its 102 locations and website will continue to operate as normal during the bankruptcy process.

The Container Store has filed for Chapter 11 Bankruptcy, the company announced on Sunday. The retailer, which sells storage and organization products, has three locations in Massachusetts.

The announcement from The Container Store comes days after popular party and balloon supplier Party City announced it would "wind down" operations, with plans to close all stores.