Retail Roundup—Crate and Barrel names new CEO, Express to close Canadian stores

Neela Montgomery has been named CEO of Crate and Barrel. (Business Wire)

Crate and Barrel names new CEO

Crate and Barrel announced that Neela Montgomery will serve as the company’s new CEO. Montgomery is a former board member of the Otto Group, a Crate and Barrel shareholder. She will assume the role on Aug. 1. (Business Wire)

Express to shutter Canadian stores

Express announced it will shutter all 17 of its Canadian stores. The move is part of the retailer’s continued strategic approach to improving profitability and managing and optimizing its store footprint. Express’ Canada stores lost $6 million last year. (Business Wire)

Central Grocers facing involuntary bankruptcy

Strack & Van Til, parent company of Central Grocers, is facing involuntary bankruptcy as creditors are looking to liquidate the wholesale cooperative grocer's $2 billion in assets. The company supplies 400 independent grocery stores throughout the Chicago area and employs about 700 workers. (NWI Times)

Nordstrom names CFO

Nordstrom announced that Anne Bramman is joining the company as CFO, effective June 2. Most recently, Bramman served as senior vice president and CFO of Avery Dennison Corporation. (PR Newswire)

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