Is Crate & Barrel going out of business? If you are looking forward to getting an answer to this question and still scrolling through your screens, we assure you that your search will end here. This blog will walk you through everything about Crate & Barrel, its closure, and many more.
So, without wasting much time, Let’s start reading this blog! It helps you find your answers.
Crate & Barrel is a global furniture and home decor retail store headquartered in Northbrook, Illinois. Euromarket Designs Inc. established Crate & Barrel on December 7, 1962… There are more than 8,000 employees in over 100 stores located differently worldwide, including Canada, and the United States, with franchises in Central America, South America, Asia, and the United Arab Of Emirates.
Crate & Barrel deals in various products, including furniture, housewares, and many other related merchandise. All its product grouped together and represented in a “vignette” fashion. This style was created by the company, then this style became popular and used worldwide.
Crate & Barrel Stores & its sister brands
Crate & Barrel stores are located globally, and it has two sister brands. CB2 is a brand launched in 2000, a home furnishings store. Later, it opened more of its 25 stores in the United States and Canada. It was also believed that the company had opened its new store in 2018 in Denver.
In 2001, The Land Of Nod, Crate & Barrel’s kids’ store opened and shut down all its stores in 2018. Then, Crate & Kids opened instead of Crate & Barrel. Crate & Kids offers kids’ home items, gifts, kids’ furnishings, and many more. They have also created more than 38 stores online as well as offline.
Crate & Barrel established another store by the name of Hudson Grace in 2019. Hudson Grace offers home decor, gift items, entertaining goods, and more. Hudson stores are located in San Francisco, and the other 10 stores are nationwide.
Highlights
- Type: Private, Subsidiary
- Trade Name: Crate & Barrel
- Headquartered In: Northbrook, Illinois, U.S.
- Founders: Gordon Segal & Carole Segal
- Founded In: 1962, Chicago, Illinois, U.S.
- No. Of Locations: Crate & Barrel Stores – 75 (2022), Crate & Barrel Outlets – 12 (2022), Crate & Barrel Warehouses – 31 (2022), CB2 Stores – 26 (2022), CB2 Outlets – 1 (2022), Hudson Grace Stores – 10 (2022)
- Products: furniture, home accessories, and housewares.
- Owner: Otto GmbH (since 1998)
- No. of employees: 8,200
- Key People: Janet Hayes is the CEO (since 2020)
- Website: crateandbarrel.com
- Revenue: 1.6 billion U.S. dollars.
- Area served: Canada, Mexico, Peru, Costa Rica, Colombia, United States, Philippines, United Arab Emirates, Taiwan, Kingdom of Saudi Arabia, Singapore.
Is Crate & Barrel Going Out Of Business?
Yes, it was announced last year by the company Crate & Barrel that the store was shut down last year (2022). In late March 2022, The Crate & Barrel at Stockton and O’Farrell Streets were expected to be closed. Crate & Barrel Stockton Street covered an area of 53,000 square foot store. It was also believed that the Australia-based Coco Republic had replaced the shop in the same year.
Along with this branch, other branches have been shut down in recent years. There are no predictions of closure in the future.
It was also believed that the Union Square Store’s vacant space could be filled by other brands such as Chanel, Jollibee, and IKEA.
Abercombie & Fitch, DSW, The GAP, and H&M, these high profile brands, also shuttered their stores’ locations; it looked like “One Step Forward, two steps back.”
According to SFGate reports, Crate & Barrel in Union Square has also closed; on March 23, Crate & Barrel in Union Square was shut down. The reports said, “The Crate & Barrel at 55 Stockton Street in Union Square will shutter on March 23, an employee told SFGATE on Sunday afternoon, and the store has already begun to roll out sample sales to liquidate its stock.”
When the company was announcing its store’s closure, it told SFGATE, and in that statement, nothing was there which explained anything about its closure. The statement was, “We remain committed to offering our customers the best shopping experience in-store and online.”
The company also added in a statement, “We are closing this location, but still, the customers can make the most of Crate & Barrel products because they can shop all of them at the nearest store locations offline, including Walnut Creek, Town Center Corte Madera, Stanford Shopping Center in Palo Alto or online as well from its official website, i.e., crateandbarrel.com.”
Several stores have been closed, but still, there are more than 100 stores in the United States; one of the customers said, “The company’s spinoff store CB2 is still there and has a location around the corner at 34 Ellis Street.”
CB2 was a four-story building covering an area of 21,600 square feet. Robert Hayes of Hayes Hosiey owned the retail store.
When the stores closed, Crate & Barrel faced financial health issues that forced the company to complete some branches.
They closed several stores while some are still there, Crate & Barrel opening more outlets in others. These closures affected employees’ jobs also because some retail associates and workers lost their job.
Why Crate & Barrel Is Going Out Of Business?
Crate & Barrel is going out of business; it is true. But, people who love to shop with this brand ask several questions and want to know the reason behind its closure. So, we have mentioned some of the possible reasons for its closure.
Firstly, when the company was asked, they said, It was tough for us to continue business in San Francisco’s Union Square because the retail shop was not reaching the sales target. It was tough for large chain retailers to pay astronomical rent during this condition (i.e., poor foot traffic).
After the closure of several Crate & Barrel stores, there are so many stores. So, the company did not give an exact reason for the closure.
Even though some of the retailers explained, we faced several issues, and it was difficult to do business in those areas. They gave reasons for closures, i.e., shoplifting and poop on the streets.
How Many Crate & Barrel Stores Are Still There In The U.S.?
There are many Crate & Barrel Stores in the United States; if we look at the data, we know there will be 115 Crate & Barrel stores in the United States by March 8, 2023. California is the one that has the most number of Crate & Barrel stores in the entire United States, as California has 18 Crate & Barrel retail stores, which is about 16 percent of all its stores located across the country.
Let’s look at a list of the stores still there in the United States.
- California – 18 stores
- Illinois – 9 stores
- Florida – 9 stores
- New Jersey – 6 stores
- Texas – 8 stores
- Massachusetts – 4 stores
- Colorado – 4 stores
- New York – 4 stores
- North Carolins – 4 stores
- Georgia – 4 stores
Let’s talk about states in the United States without Crate & Barrel stores. More than 20 states without any Crate & Barrel stores, including Alaska, Hawaii, New Mexico, U.S. Virgin Islands, Montana, Vermont, Puerto Rico, Kentucky, North Dakota, South Dakota, Mississippi, and many more.
Who Owns Crate & Barrel?
Crate & Barrel is one of the most popular companies that offer furnishing, home decor, and other products. Otto German Group/ Otto GmbH & Co K.G. owned Crate & Barrel. Otto is one of the world’s largest e-commerce companies and a German mail-order company.
Initially, it was launched as a retail e-commerce company. As a shareholder, it later operated e-commerce services and gained much popularity also elaborated its business into real estate and financial services.
Headquartered in Hamburg and operating its business in twenty or more than twenty countries. The company is believed to be still running its e-commerce business through three Suisses.
This German Conglomerate company’s heiress recently bought a 14 million U.S. dollars mansion in Beverly Hills.
The Bottom Line
In this blog, we’ve mentioned that Crate & Barrel has closed many of its stores across the country, but there are still many retail stores in the United States. Customers who loved this brand were angry because they were used to shopping at the nearest stores. But no more worries, as other stores are also there, we can’t say that this is the definitive end of Crate & Barrel.
Let’s come to Crate & Barrel’s customer experience and sentiment so we find mixed reviews from shoppers if we talk about them.
Some shared an excellent experience and happily reviewed their knowledge and the level of customer service received. On the contrary, some have issues with the products and stated that there is less durability, poor delivery, bad service, etc. As we all know, everything has two sides. One is good while another is bad; similarly, some customers have good experiences, and some have worse.
Overall, Crate & Barrel is a well-known chain of more than 120 home accessories and furnishings retail stores nationwide. It is also the most chosen brand all over the world. This brand is popularly known for its high-end styling products, and shoppers can easily be convinced to pay a reasonable amount for Crate & Barrel’s beautifully designed and styled home furnishings. Crate & Barrel has a tagline to attract customers, “Welcome Life In.”
