The Container Store is in the process of, well, reorganizing.
The organizing superstore has made a surprise decision, based on sales figures, to shut down their Elfa wholesale business in North America.
This means that all 85 independent dealers in the United States and Canada -- from hardware and specialty stores to Web retailers, including The Great Indoors, a home-decor chain owned by Sears, will need to locate a new supplier for closet and office shelving.
The decision has some insiders saying that the Container Store may be cleaning up their financials in order to go public. The company is denying that.
In related news, a Century City employee told us today that the annual Elfa sale is being extended 10 days because of a national mail-house delay. Just in time to organize your Valentine's Day sweetheart.