Shares of The Container Store plunged Monday after the company filed for Chapter 11 bankruptcy over the weekend, capping a punishing year for the retailer.

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

The filing arrives two weeks after the trading of company shares was suspended by the New York Stock Exchange.

The company, which counts more than 100 locations, is the latest national retailer weighed down by market forces.

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