RETAILING

* Linen retailer Strouds Inc., which filed for U.S. Bankruptcy Court protection this month, said Chairman and Chief Executive Charles R. Chinni has been placed on paid administrative leave. The Industry-based company also announced that turnaround specialist John P. Brincko has been named interim president and CEO and that founder Wilfred C. Stroud Jr. has been named acting chairman. “Given the serious issues Strouds faces as we move forward with our reorganization initiatives, we believe the company will best be served by a leadership team with extensive experience in retail restructuring,” the company said in a statement. The company’s stock is delisted due to the bankruptcy filing.