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Erik Runyan Jewelers Celebrates a Century in Vancouver, WA

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Store marks birthday with new (old) location.

When Erik Runyan Jewelers of Vancouver, WA, hits the century mark in January, it will move to a new site downtown — at the same address the store had 100 years ago, Rapaport Reports. According to the article, the company’s president, Erik Runyan, says that in the coming year he will emphasize custom work, which accounts for 20 to 25 percent of sales. Even so, bridal will remain important. “The engagement ring is often a customer’s first purchase and we need to maintain a focus on that.” The jewelry business changed after 2008, Runyan says, and millennial customers aren’t as likely to make a $6,000 or $10,000 purchase.

Read more at Rapaport

The Runyan family’s start in the jewelry business was a watch bench set up at a bus depot in the early 1900s.

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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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