Connect with us

Headlines

After 100 Years in Business, Jewelry Chain to Shutter All 54 Stores

mm

Published

on

Retailer comes up short in turnaround plan.

Winnipeg-based Ben Moss Jewellers will close its 54 store locations after 106 years in business, Chain Store Age reports. According to the article, the retailer began a restructuring effort last May after receiving creditor protection. However, the company later decided that after considering various options – including selling all or part of the business – its best option was to shutter the stores. A weak Canadian dollar and a soft economy in Western Canada were two factors that contributed to the retailer’s struggles, the article adds.

Read more at Chain Store Age

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Wilkerson Helped This Jeweler to Navigate His Retirement Sale Despite a Pandemic

Hosting a going-out-of-business sale when the coronavirus pandemic hit wasn’t a part of Bob Smith’s game plan for his retirement. Smith, the owner of E.M. Smith Jewelers in Chillicothe, Ohio, says the governor closed the state mid-way through. But Smith chose Wilkerson, and Wilkerson handled it like a champ, says Smith. And when it was time for the state to reopen, the sale continued like nothing had ever happened. “I’d recommend Wilkerson,” he says. “They do business the way we do business.”

Promoted Headlines

Most Popular