Container store to launch mobile application, loyalty program

Short dive:

  • Continuing to refine its digital offerings, The Container Store plans to launch a tiered loyalty program in late March and a mobile app sometime this spring, said Satish Malhotra, CEO of The Container Store, during a revenue call for the third quarter of February. 8.
  • The company also said it plans to open at least 100 new stores in the coming years and explore the concept of an in-store store, Malhotra said during a call about profits.
  • The company has also improved its website with a smart filtering feature so shoppers can view products by size. Over the past year, the company has also introduced new payment options for buyers, including PayPal and a mobile point of sale option, Malhotra said during the interview.

Diving Insight:

The container store focuses on digital features and expanding bricks and mortars as the company tries to find its way during a pandemic. Its net sales in the third quarter last year fell by 3%. but were almost 17% higher than in 2019.

For The Container Store, the mobile app, which will be launched soon, will serve as a funnel to attract customers to a new loyalty program that aims to deepen customer engagement, Malhotra said during a call about earnings. Improving technology will remain the “main focus” for the company, he added.

In addition to improving digital operations and adding physical stores, the company has also improved attracted several new partners recently including, The Home Edit, Cricut and Blueland. And at the end of last year a retailer bought a closeta home storage and wardrobe company, for $ 21.5 million and has recruited Tom Happ, a former co-owner and president of Closet Works, as the brand’s new president.

During a call about profits, Malhotra noted that the company has seen growth in its custom cabinet business. The acquisition of Closet Works will add the company’s manufacturing capabilities, expand its business nationwide and expand its product range, he said.

“We have worked very hard to improve the performance of our existing stores and e-commerce by focusing on our growth priorities,” Malhotra said. “In the first half, we worked very hard to improve our shopping experience through discovery zones and collaboration with professionals, which will continue in the second half, and we will obviously continue into the 2022 fiscal year.”

https://www.retaildive.com/news/the-container-store-to-launch-mobile-app-loyalty-program/618789/ Container store to launch mobile application, loyalty program

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