Who is crate and barrel owned by

Hayes previously held positions at Williams-Sonoma, both at the namesake brand where she led a turnaround of the San Francisco business as president and at Pottery Barn Kids and Teen as president. The retailer said in a press release that Montgomery informed the board late last year of her decision, and her successor will be named "shortly.

After serving at the helm of Crate and Barrel for three years, Montgomery is stepping down, the third CEO at the company to do so in the past six years. Montgomery is hailed for seamlessly integrating the retailer's online and offline channels. This came as Montgomery revealed the retailer halted TV ad spots for the first time last holiday season and instead shifted its focus to social channels, like Instagram, and digital marketing.

And that shift to digital has only grown in the face of the COVID pandemic , which forced consumers to shop online as nonessential retail temporarily closed.

On a webinar hosted by NRF in May, Montgomery said that although much remains uncertain, the retailer doesn't anticipate the split between online and offline to revert back to levels they were at prior to the pandemic. A lot, but not all," she said. I think that's something we don't know. During her tenure, the retailer also launched a new concept , The Table at Crate, last July and quickly announced plans to expand the restaurant to additional stores.

The company in its release also praised her efforts in leading the expansion of the CB2 brand and acquiring home decor brand Hudson Grace last year. Follow Caroline Jansen on Twitter. What is it about the mall experience that stokes nostalgia? Here's a look back at some of the brands that once loomed large in shopping centers. Stores have always evolved in order to compete as times, technology and tastes change. Please Sign In and use this article's on page print button to print this article.

Jun 24, Related Content. Williams-Sonoma CEO on why it is investing in the future of retail. By , they had their third store in the emerging chain open in Oak Brook, Illinois. By , another store opening followed in Boston and this was followed just two years later with a second store in Chicago. This coincided with the opening of a branch in Cambridge Massachusetts which was the second in that town also.

They were well on their way to becoming the amazing and thriving business that they are today. The first store was in Manhattan and it also happened to be the fifty-ninth Crate and Barrel store to open. In , the store was thriving and the Segals decided that it was time to let somebody else take the reigns. A German company called the Otto Group started by buying a majority stake in the store.

It was a mail order company and they were solid and able to take the company to yet greater heights of expansion. The Otto group purchased the rest of the shares in to become the sole owner of Crate and Barrel and they are still the total owners of the chain today. Under the Otto Group, they made the bold step to expand into Canada. Their first Canadian store was a two-story operation located in Toronto, Ontario.

The first store was a success, so Crate and Barrel continued expanding throughout Canada adding stores in Calgary, Edmonton, Alberta, in Quebec and in British Columbia. This was the first time that the company had taken their business outside of the borders of America.

The store was so popular throughout the United States and Canada that they decided to expand the business yet further beyond the borders of North America. In , they made the announcement that they had signed a franchise agreement for a store to open in Dubai in , with the Al Tayer Group.

The first store that the company opened in Asian was at Ion Orchard in Singapore. The two-floor retail outlet opened in January This was followed by a store in Taipei and one in Taichung in Taiwan, for a total of three stores throughout Asia.

Crate and Barrel has continued to expand their international operations. After placing three stores in Asia, they moved forward and secured a spot at the Parque La Colina Mall after striking a franchise agreement with the popular retail store Falabella, in Bogota, Columbia. This location was officially opened in December of The CB2 store that is located in Toronto has a different tone than most others.

They still provide the same upmarket housewares that the rest of the outlets do, but they display them a bit differently. They put items together as they might appear if they were arranged in a home. This was followed by fourteen additional stores in various locations throughout the United States and Canada. Crate and Barrel acquired The Land of Nod in After the acquisition of the company, Crate and Barrel made the decision to phase out the Land of Nod and close all of the stores by the Spring of In , Turf retired and Sascha Bopp was her replacement.

Within one year of being on the job, morale dropped among employees at significant levels. The holiday season also showed poor performance.