Tuesday said it has adopted a poison pill, which is effective immediately and is scheduled to expire on October 7, 2025. The company's stock tumbled over 13%, following the news. The company's Board adopted the rights plan in response to the rapid and significant accumulation of the company's common stock by a single stockholder and to protect value for all of the company's stockholders.

The Container Store Group shares were down in Tuesday morning trading after the company said it has adopted a poison pill. Shares dropped 8% to $9.31 in recent trading. The stock is down almost 70% this year.