The Texas company has faced increasing competition from retailers like Target and Walmart at the same time that demand for its goods is under strain in a rough housing market.

The Container Store has filed for bankruptcy protection as the storage and organizational goods retailer with roots dating back to 1978 grapples with mounting losses and cash flow shortages. The Texas company has faced increasing competition from retailers like Target and Walmart at the same time that demand for its goods are under

The Texas-based company, which has stores in Uniondale and Huntington about 100 others nationwide is grappling with mounting losses and cash flow shortages.