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

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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

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When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

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