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Crate & Barrel’s new CEO comes from a hot competitor
New York -- Crate & Barrel has nabbed a CEO from the executive ranks of a much more upscale competitor.
The home furnishings retailer named Doug Diemoz, currently chief development officer at Restoration Hardware, as CEO, effective Aug. 1. He replaces Sascha Bopp, who was named CEO in 2012 but left in August 2014. Crate & Barrel COO and CFO Adrian Mitchell has been interim CEO during the search for a permanent replacement.
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J. Crew to launch new store concept
New York -- J.Crew Group, a company struggling to regain its mojo, is jumping into the value category.
The company announced it will launch a new store banner, J.Crew Mercantile, selling lower-priced (“value-driven”) merchandise with classic J. Crew styles for women, men and children. The first J.Crew Mercantile store will open in late July, at The Shops at Park Lane in Dallas. The retailer plans to open more Mercantile stores in strip centers and some malls, Bloomberg reported.

