Dive Brief:

• The Container Store Group reported a 0.8% drop in same-store sales for the most recent quarter on Tuesday, which was followed by a drop in its stock by 10.8% Wednesday morning. 
• The company's CEO Kip Tindell contributed the drop to a "tepid retail environment" that is affecting most segments of retail nationwide. 
• Container Store experienced a $3.6 million loss in the first quarter this year, following its IPO in November. 

Dive Insight:

While other retailers cited bad weather as one of the core reasons for an unspectacular first quarter, Tindell is shying away from that excuse. He pinpoints a deeper problem for many retailers: A malaise that is affecting consumers of all income levels, keeping them from shopping "little retail."

It's interesting that Tindell says this funk has been avoided by home, auto, and "high-ticket furniture" sales. Perhaps a closer look these segments' successes can help the struggling retailer rebound from these hits.