Headlines

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

Published

8 years ago

August 2, 2016

INSTORE Staff

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

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”