What is the official trade name of Euromarket Designs, Inc.?

The official trade name for Euromarket Designs, Inc. is Crate & Barrel, which is often stylized as Crate&Barrel. This is the brand name under which the company conducts its retail business.

What is the company type of Euromarket Designs, Inc.?

Euromarket Designs, Inc. operates as a private company and is a subsidiary of a larger entity. This means it is not publicly traded on a stock exchange and is owned by another corporation.

In which industry does Crate & Barrel primarily operate?

Crate & Barrel primarily operates in the retail industry. Specifically, it focuses on selling furniture and home decor products directly to consumers.

When and where was Crate & Barrel originally founded?

Crate & Barrel was originally founded on December 7, 1962, in Chicago, Illinois, U.S. This marked the beginning of the company's journey as a home furnishings retailer.

Who were the founders of Crate & Barrel?

Crate & Barrel was founded by Gordon Segal and Carole Segal. They were the visionary couple who established the company.

Where is Crate & Barrel's headquarters located?

Crate & Barrel's headquarters is located in Northbrook, Illinois, U.S. This suburban location serves as the central administrative hub for the international retail company.

How many Crate & Barrel stores, outlets, and warehouses were there in 2022, according to the source?

In 2022, Crate & Barrel had 75 Crate & Barrel stores, 16 Crate & Barrel outlets, and 31 Crate & Barrel warehouses. These numbers reflect the company's extensive physical presence for retail and logistics.

Which countries are served by Crate & Barrel?

Crate & Barrel serves customers in the United States, Canada, Mexico, Colombia, Costa Rica, Peru, the Philippines, Singapore, Taiwan, the United Arab Emirates, and Saudi Arabia. This demonstrates its broad international market reach.

Who is the current CEO of Crate & Barrel Holdings as of 2020?

Janet Hayes became the CEO of Crate & Barrel Holdings on August 1, 2020. She assumed leadership of the company at that time.

What types of products does Crate & Barrel sell?

Crate & Barrel sells housewares, furniture, and home accessories. These products are generally considered 'upmarket,' indicating a focus on quality and design.

What was the estimated revenue for Crate & Barrel?

Crate & Barrel's estimated revenue was US$2.5 billion. This figure provides an insight into the company's financial scale.

Who currently owns Crate & Barrel?

Crate & Barrel has been owned by the Otto Group since 1998. The Otto Group is a German mail-order company that eventually became the sole owner of Crate & Barrel in 2011.

How many employees does Crate & Barrel have?

Crate & Barrel has 7,500 employees. This number reflects the workforce supporting its retail and operational functions.

What kind of company is Euromarket Designs Inc., known as Crate & Barrel?

Euromarket Designs Inc., operating as Crate & Barrel, is an international furniture and home decor retail store. It specializes in selling items for the home, ranging from kitchenware to larger furnishings.

How many employees and stores does Crate & Barrel have across its operations in the United States, Canada, and its franchises?

Crate & Barrel employs 8,200 individuals across more than 100 stores in the United States and Canada, with additional franchises located in Central America, South America, Asia, and the United Arab Emirates. This indicates a significant global presence.

When did Gordon and Carole Segal open the first Crate & Barrel store?

Gordon and Carole Segal opened the first Crate & Barrel store on December 7, 1962. This date marks the official beginning of the retail chain.

How old were Gordon and Carole Segal when they opened their first store?

Gordon and Carole Segal were both 23 years old when they opened their first Crate & Barrel store. This highlights their entrepreneurial spirit at a young age.

Where was the first Crate & Barrel store located, and what was its size?

The first Crate & Barrel store was a 1,700-square-foot (160 m²) space located at 1516 North Wells Street in the Old Town neighborhood of Chicago, Illinois, within part of an old elevator factory. This initial location was in a then-bohemian area of the city.

Which famous individual briefly managed the first Crate & Barrel store?

The first Crate & Barrel store was briefly managed by Harrison Ford. Before his acting career took off, Ford had a stint in retail management.

What inspired the Segals to start Crate & Barrel?

The Segals were inspired to start Crate & Barrel after their honeymoon in the Caribbean, where they discovered inexpensive yet tasteful European household products. They saw an opportunity to offer functional and aesthetically pleasing items to young couples in the United States at reasonable prices.

How did the Segals initially source their products for Crate & Barrel?

The Segals initially sourced their products by traveling throughout Europe, buying directly from glassblowers, ceramicists, and factories producing items like French copper pots and simple white bistro dinnerware. This direct purchasing model allowed them to avoid wholesaler markups.

From which countries does Crate & Barrel primarily import its products today?

To this day, a majority of Crate & Barrel's products are direct imports from Europe, but their stores also feature glass and textiles from Thailand, Mexico, and India. This indicates a diverse global supply chain.

How did Crate & Barrel get its name?

The Segals derived the company name from the materials they used to display items in their first Chicago store: crates and barrels. A friend suggested 'Barrel and Crate,' but Carole Segal preferred 'Crate & Barrel,' which became the company's name.

How did the Segals use crates and barrels in their first store to emphasize their products' origin?

In their first store, the Segals turned over the crates and barrels that the merchandise arrived in, letting the wood excelsior spill out, and stacked china and glass on them. This display method visually emphasized that their products were direct imports, a key selling point.

Which store had a significant influence on the Segals' retailing approach in 1966?

In 1966, Segal and designer Lon Habkirk visited the Design Research store in Cambridge, Massachusetts, which had an 'enormous influence' on their retailing approach. This visit helped them refine their store concept.

When and where did Crate & Barrel open its second and third stores?

Crate & Barrel opened its second store in 1968 in the Plaza del Lago shopping center in suburban Wilmette, Illinois, and its third store in Oak Brook, Illinois, in 1971. These were early steps in its expansion beyond the initial Chicago location.

When and where did Crate & Barrel open its first store outside the Chicago area?

Crate & Barrel opened its first store outside the Chicago area in Chestnut Hill, Massachusetts, in 1977. This marked the beginning of its national expansion.

What is notable about Crate & Barrel's second Cambridge, Massachusetts, store, and when did it close?

In 1979, Crate & Barrel opened its second Cambridge, Massachusetts, store in the building originally designed for the recently closed Design Research, a store they greatly admired. This location, however, closed in 2009.

How many stores did the Crate & Barrel chain have by 1985?

By 1985, the Crate & Barrel chain had grown to 17 stores. This indicates a steady expansion in its early decades.

When did Crate & Barrel open its first New York location?

Crate & Barrel opened its first New York location, which was its 59th store, in Manhattan in March 1995. This was a significant milestone for the company's presence in a major metropolitan market.

When did the Otto Group acquire a majority stake in Crate & Barrel, and what was the impact?

The German mail order company, the Otto Group, acquired a majority stake in Crate & Barrel in 1998. This acquisition provided Crate & Barrel with the necessary financing to significantly increase its rate of expansion.

When did the Otto Group become the sole owner of Crate & Barrel?

The Otto Group became the sole owner of Crate & Barrel in 2011. This completed their acquisition of the company.

Approximately how many locations did Crate & Barrel have by 2002 and late 2004?

By 2002, Crate & Barrel had approximately 100 locations, and this number grew to over 135 locations by late 2004. This period saw rapid growth for the company.

When did Crate & Barrel's flagship store in Chicago's Magnificent Mile close, and what replaced it?

Crate & Barrel's flagship store on Michigan Avenue in Chicago's 'Magnificent Mile' closed in January 2018. The building was subsequently replaced by the world's largest Starbucks coffee roastery and retail space.

As of the latest information, how many Crate & Barrel stores and outlets are there in the United States and Canada?

Currently, there are 93 Crate & Barrel stores in the United States and Canada, including 10 outlets. This reflects the company's ongoing retail footprint in North America.

What new venture did Crate & Barrel undertake in 2019 with the Cornerstone Restaurant Group?

In 2019, Crate & Barrel partnered with the Cornerstone Restaurant Group to open 'The Table at Crate,' a full-service restaurant located at the Crate & Barrel Oak Brook store in Oakbrook, Illinois. This venture expanded their offerings beyond traditional retail.

What company did Crate & Barrel acquire in 2019, and what are its plans for the brand?

In 2019, Crate & Barrel acquired Hudson Grace, a boutique home decor, entertaining, and gift brand based in San Francisco. Crate & Barrel plans to grow the Hudson Grace brand through retail expansion into niche markets and an invigorated online presence to engage customers. This acquisition diversified Crate & Barrel's portfolio.

How many international stores does Crate & Barrel Holdings have across various countries?

Crate & Barrel Holdings has 22 stores internationally, located in Canada, Colombia, Costa Rica, Mexico, Peru, the Philippines, Singapore, Taiwan, and the United Arab Emirates. This indicates a significant global presence through both company-owned and franchised locations.

When and where did Crate & Barrel open its first location outside the United States?

Crate & Barrel opened its first location outside the United States in September 2008, at Yorkdale Shopping Centre in Toronto, Ontario, Canada. This marked its initial step into international retail.

What was the timeline and locations for Crate & Barrel's expansion into Canada?

Crate & Barrel expanded into Canada starting with Toronto in September 2008, followed by Calgary in October 2009, Mississauga, Ontario, in October 2010, Edmonton, Alberta, in 2011, Laval, Quebec, in Spring 2012, and Vancouver, British Columbia, in early 2013. This shows a systematic rollout across major Canadian cities.

What were Crate & Barrel's plans for expansion into Dubai in 2009-2010?

In the fall of 2009, Crate & Barrel reported plans to open two stores in Dubai in 2010 through a franchise agreement with Al Tayer Group. These stores were planned for the Mall of the Emirates and Mirdif City Centre.

When and where did Crate & Barrel open its first Asian store?

Crate & Barrel opened its first Asian store in Singapore in January 2013, occupying two floors at Ion Orchard. This marked its entry into the Asian market.

How many stores does Crate & Barrel have in Taiwan, and in which cities?

Crate & Barrel has three stores in Taiwan, located in Taipei, Taoyuan, and Taichung. These cities represent key urban centers for its Taiwanese operations.

When did Crate & Barrel open its first stores in Peru and Colombia?

Crate & Barrel opened its first store in Peru in 2015, and its first store in Colombia in December 2016, located in Bogota's Parque La Colina Mall, through a franchise agreement with Falabella. This expanded its presence in South America.

When and where did Crate & Barrel open its first store in Central America?

Crate & Barrel opened its first store in Central America in July 2017, in Escazú, Costa Rica, inside the Avenida Escazú mall. This marked its entry into the Central American market.

Who succeeded Gordon Segal as CEO in 2008, and what were the reported sales figures during her tenure?

Barbara Turf, who was first hired in 1968, succeeded Gordon Segal as CEO of Crate & Barrel in May 2008. In November 2008, it was reported that sales for the prior year for the chain were $1.3 billion under her leadership.

Who replaced Barbara Turf as CEO in 2012, and when did he depart?

Sascha Bopp was named to replace Barbara Turf as CEO in 2012. He subsequently departed from the role in August 2014.

Why did Gordon Segal return to Crate & Barrel as a consultant in 2014?

Gordon Segal, one of the founders, was asked by the Otto Group to return as a consultant in 2014 while a replacement CEO was being sought after Sascha Bopp's departure. This indicates his continued involvement and expertise were valued.

When did Doug Diemoz become CEO of Crate & Barrel, and what was his previous experience?

Doug Diemoz became CEO of Crate & Barrel on August 1, 2015. He previously worked with competitors such as Restoration Hardware and Williams Sonoma, bringing experience from similar retail sectors.

Who led Crate & Barrel as CEO until August 2020, and what was her prior affiliation?

Neela Montgomery led Crate & Barrel as CEO until August 2020. Prior to this role, she was a member of the executive board with the Otto Group, the parent company of Crate & Barrel.

How does Crate & Barrel display its merchandise in stores?

Crate & Barrel displays its merchandise in the 'vignette' style, where items are grouped together as they might appear in a home. The company was an innovator of this display method, which has since become widely adopted in retail.

Crate Barrel Wiki: Crate & Barrel: A Legacy in Home Furnishings and Retail Innovation

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Company Overview

Corporate Profile

Euromarket Designs Inc., operating under the trade name Crate & Barrel, is an international retail company specializing in furniture and home décor. Founded on December 7, 1962, in Chicago, Illinois, U.S., by Gordon and Carole Segal, it has grown into a significant entity in the retail landscape. The company is currently a private subsidiary of the German mail-order company, Otto Group, which acquired a majority stake in 1998 and became the sole owner in 2011.

As of 2022, Crate & Barrel Holdings employs approximately 7,500 individuals and generates an estimated US$2.5 billion in revenue annually.

Global Footprint

Crate & Barrel's headquarters are located in Northbrook, Illinois, U.S. The company boasts a substantial retail presence, with 75 Crate & Barrel stores, 16 outlets, and 31 warehouses. Its global reach extends across multiple continents, serving customers in:

United States
Canada
Mexico
Colombia
Costa Rica
Peru
Philippines
Singapore
Taiwan
United Arab Emirates
Saudi Arabia

This extensive network underscores its position as a prominent international home decor company.

Historical Trajectory

Founding Vision

The genesis of Crate & Barrel traces back to December 7, 1962, when 23-year-old Gordon and Carole Segal opened their inaugural store. Located in a 1,700-square-foot section of an old elevator factory on North Wells Street in Chicago's bohemian Old Town, the venture was inspired by their Caribbean honeymoon. There, they observed a market for inexpensive yet tastefully designed European household products.

Their vision was to offer functional and aesthetically pleasing items to young couples. They achieved this by directly sourcing from European glassblowers, ceramicists, and factories, bypassing wholesalers to offer competitive prices. Notably, the actor Harrison Ford briefly managed this initial store.

The Name's Origin

The distinctive name "Crate & Barrel" emerged from the Segals' innovative display method. They utilized the very shipping materials—inverted crates and barrels—to showcase their merchandise, allowing wood excelsior to spill out around stacked china and glass. This approach not only served a practical purpose but also visually reinforced their core selling proposition: direct imports.

A friend's suggestion to name the company "Barrel and Crate" was thoughtfully reversed by Carole, leading to the now-iconic brand name. This early emphasis on product presentation and direct sourcing laid the foundation for their unique retail identity.

Early Expansion & Influence

Following its successful debut, Crate & Barrel embarked on a steady growth path. A second store opened in 1968 in Wilmette, Illinois, followed by a third in Oak Brook, Illinois, in 1971. The company's first venture outside the Chicago area was in Chestnut Hill, Massachusetts, in 1977.

A pivotal influence on their retailing approach was the Design Research store in Cambridge, Massachusetts, which the Segals and designer Lon Habkirk visited in 1966. Habkirk later noted that they "translated [the] whole idea into a reproducible formula." By 1985, the chain had expanded to 17 stores, and by March 1995, it opened its 59th location in Manhattan, marking its New York debut.

Global Reach

International Expansion Milestones

Crate & Barrel's international footprint has steadily expanded since its first foray outside the U.S. in 2008. The company now operates 22 stores across various countries, demonstrating its commitment to global market penetration.

September 2008: Opened its first international location at Yorkdale Shopping Centre in Toronto, Ontario, Canada.
October 2009: Expanded within Canada with a second store in Calgary.
October 2010: A third Canadian store opened in Mississauga, Ontario, at Square One Shopping Centre.
2011: Further Canadian expansion with a store in Edmonton, Alberta, at Southgate Centre.
Spring 2012: Opened a store at Carrefour Laval Shopping Centre in Laval, Quebec.
Early 2013: Established a presence in Vancouver, British Columbia, at Oakridge Centre mall.
Fall 2009: Announced plans to open two stores in Dubai in 2010 through a franchise agreement with Al Tayer Group.
January 2013: Launched its first Asian store in Singapore, occupying two floors at Ion Orchard.
Taiwan: Currently operates three stores across Taipei, Taoyuan, and Taichung.
2015: Opened its first store in Peru.
December 2016: Entered the Colombian market with its first store in Bogota's Parque La Colina Mall, via a franchise agreement with Falabella.
July 2017: Established its first Central American store in Escazú, Costa Rica, within the Avenida Escazú mall.

Leadership Evolution

Succession and Strategic Direction

The leadership of Crate & Barrel has seen several transitions, reflecting the dynamic nature of the retail industry and the company's strategic shifts. After co-founder Gordon Segal's tenure, a series of accomplished executives have steered the company.

May 2008: Barbara Turf, who began her career with the company in 1968, succeeded Gordon Segal as CEO. Under her leadership, sales for the prior year were reported at $1.3 billion. She retired in 2012.
2012: Sascha Bopp was appointed CEO to replace Barbara Turf.
August 2014: Sascha Bopp departed, leading the Otto Group to invite Gordon Segal to return as a consultant during the search for a new leader.
August 1, 2015: Doug Diemoz, with prior experience at competitors like Restoration Hardware and Williams Sonoma, took over as CEO.
April 2017: Doug Diemoz departed, and Neela Montgomery was announced as his successor.
August 2020: Neela Montgomery concluded her six-year tenure with the Otto Group, stepping down as CEO.
August 1, 2020: Janet Hayes assumed the role of CEO of Crate & Barrel Holdings, bringing her expertise to guide the company forward.

Product Philosophy

Curated Home Merchandise

Crate & Barrel is renowned for its selection of "upmarket" housewares, furniture, and related home accessories. The company's product strategy focuses on offering items that combine quality, functionality, and contemporary design, catering to a discerning clientele seeking to enhance their living spaces.

A key aspect of their retail approach is the "vignette" display style. This innovative method involves grouping items together as they might appear in a real home setting, allowing customers to visualize how products would integrate into their own environments. Crate & Barrel was a pioneer in this display technique, which has since been widely adopted across the retail industry, underscoring its influence on modern merchandising practices.

Sister Brands

CB2

Launched in 2000, CB2 serves as Crate & Barrel's contemporary home furnishings division, specifically targeting young adults. This brand offers modern, affordable, and stylish furniture and decor designed to appeal to a demographic seeking fresh and urban aesthetics. CB2 has expanded its presence significantly, now operating 25 stores across the United States and Canada, with continuous plans for further growth in key markets.

Crate & Kids

Originally known as "The Land of Nod" (acquired in 2001), Crate & Barrel rebranded its children's division to Crate & Kids. All physical stores under "The Land of Nod" banner closed by the end of Spring 2018. On March 7, 2018, Crate & Kids officially launched, offering a comprehensive range of children's furnishings, home goods, and gifts. This brand is available both online and in 38 dedicated store-within-a-store locations, providing stylish and functional options for children's spaces.

Hudson Grace

In 2019, Crate & Barrel expanded its portfolio through the acquisition of Hudson Grace. This boutique brand, based in San Francisco, specializes in sophisticated home decor, entertaining essentials, and unique gifts. With 10 existing stores, Crate & Barrel plans to further cultivate the Hudson Grace brand by expanding its retail presence into niche markets and enhancing its online platform to engage a broader customer base across various channels.

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References

"Crate & Barrel Stores". Crate & Barrel. Retrieved on November 23, 2022.

Chicago Business News, Analysis & Articles | Crate & Barrel to expand outside U.S. | Crain's

A full list of references for this article are available at the Crate & Barrel Wikipedia page

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This is not professional business or financial advice. The information provided on this website is not a substitute for professional consultation regarding business strategy, market analysis, or financial decisions. Always refer to official company reports, industry analyses, and consult with qualified professionals for specific business or investment needs. Never disregard professional advice because of something you have read on this website.

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Crate & Barrel: A Legacy in Home Furnishings

💡 Dive in with Flashcard Learning! 💡

Company Overview ℹ️

🏢 Corporate Profile

🌐 Global Footprint

Historical Trajectory 📜

💡 Founding Vision

📦 The Name's Origin

📈 Early Expansion & Influence

Global Reach 🌍

🗺️ International Expansion Milestones

Leadership Evolution 🧑‍💼

🤝 Succession and Strategic Direction

Product Philosophy 🛋️

✨ Curated Home Merchandise

Sister Brands 🏷️

youthful CB2

👶 Crate & Kids

🎁 Hudson Grace

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Dive in with Flashcard Learning!

Company Overview

Corporate Profile

Global Footprint

Historical Trajectory

Founding Vision

The Name's Origin

Early Expansion & Influence

Global Reach

International Expansion Milestones

Leadership Evolution

Succession and Strategic Direction

Product Philosophy

Curated Home Merchandise

Sister Brands

CB2

Crate & Kids

Hudson Grace

Teacher's Corner

True or False?

Test Your Knowledge!

Gamer's Corner

Discover other topics to study!

References

Feedback & Support

Disclaimer

Important Notice