Specialty retailers on watch after The Container Store warning

Shares of Bed Bath & Beyond (BBBY), Pier 1 Imports (PIR), and Williams-Sonoma (WSM) are on watch after The Container Store (TCS) CEO Kip Tindell paints an ugly picture for specialty retail.

Tindell on retail: "...consumers seem to be buying homes and automobiles and even high ticket furniture which has kind of been in the doldrums since the great recession. But most segments of retail are a little like us, seeing more challenging sales certainly than we had hoped for early in 2014."

The Container Store earnings call transcript

TCS -16.1% premarket

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