Online sales increased by 98.1%! TCS in the United States achieved record-breaking development

TCS ( The Container Stores ), headquartered in Texas, USA , is a professional retail chain company that provides storage products. Its categories include various container storage products, such as: bath racks, packaging boxes, closets, storage boxes and other daily products.

TCS online sales grow 98.1%

On February 2, 2020, the company reported that TCS's third quarter sales increased 20.5% to $275.5 million as of December 26, 2020.

Among them, TCS's online sales grew 98.1% in this quarter . Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was US$42.4 million, compared with US$22 million in the same period last year.

" Our third quarter results significantly exceeded our initial expectations , as we saw strong customer demand in the second quarter and continued into the third quarter, " said Melissa Reiff, chairman of TCS. " Our entire organization made significant progress on our strategic priorities, positioning us extremely well to capitalize on our business opportunities. Our custom closet business accelerated significantly in the third quarter compared to the second quarter, which, combined with strong performance in other product categories, drove record sales for TCS."

Melissa Reiff also said that she was very proud of the achievements made in the past 11 months and was confident that she would end the fiscal year with strong momentum.

Nearly 50% of sellers’ online sales growth exceeded 25%

Although 2020 was a turbulent year, most B2B sellers saw significant growth in online sales during the year.

Digital Commerce 360 ​​found in a survey of 10 B2B sellers that many sellers’ e-commerce sales ended in growth mode in 2020. Among them, 48.2% of companies had online sales growth of no less than 25% at the end of the year, and 13% of companies had online sales growth of up to 75%.

And, most B2B sellers expect their e-commerce revenue to increase in 2021 compared to 2020.

As the challenges of 2020 continue into 2021, sellers must remain vigilant and pay attention to changes in consumer trends so that they can achieve rapid development in 2021.

The Container Stores

USA

E-commerce