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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 Sales Beat Projections, You Know Wilkerson Did Its Job

There are no crystal balls when it comes to sales projections. But when Thomasville, Georgia jeweler Fran Lewis chose Wilkerson to run the retirement/going-out-of-business sale for Lewis Jewelers and More, she was pleasantly surprised to learn that even Wilkerson could one-up its own sales numbers. “Not only did we meet our goal, but we exceeded the goal that Wilkerson had given us by about 134%,” she says. After more than 40 years in the business, Lewis says she decided a few years ago to “move towards retirement.” And she was impressed by Wilkerson’s tenure in the industry. Overall, she’d recommend the company to anyone else who may be thinking it’s time to hang up their loupe. “As a full package, they’ve done a very good job and I’d definitely recommend Wilkerson.”

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