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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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Celebrate Your Retirement with Wilkerson

For nearly three decades, Suzanne and Tom Arnold ran a successful business at Facets Fine Jewelry in Arlington, Va. But the time came when the Arnolds wanted to do some of the things you put off while you’ve got a business to run. “We decided it was time to retire,” says Suzanne, who claims the couple knew how to open a store, how to run a store but “didn’t know how to close a store.” So, they hired Wilkerson to do it for them. When she called, Suzanne says Wilkerson offered every option for the sale she could have hoped for. Better still, “the sale exceeded our financial goals like crazy,” she says. And customers came, not only to take advantage of the going-out-of-business buys and mark-downs, but to wish a bon voyage to the beloved proprietors of a neighborhood institution. “People were celebrating our retirement, and that was so special,” says says.

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