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He’s Closing His Jewelry Store After 52 Years. Here’s Why …

At its peak the business had 100 employees.

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Tower of Jewels in Las Vegas is closing its doors after more than 52 years in business, the Las Vegas Review-Journal reports.

Jack Weinstein, who took over the business in the 1960s, is retiring at age 89. Four of his children work in the business and plan to move on.

Weinstein told the Review-Journal that he’d love to keep working but must consider his age.

“How much time do I got?” he said. “I’m definitely going to miss it. I dream every night what I am going to do and how much pleasure I had doing the business that I had.”

The best parts have been interacting with customers and working alongside family, including his wife, Nancy.

At its peak the business had 100 employees spread over several stores, with annual sales of $12 million. But the recession took a toll and today the company has just 20 employees.

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The internet has made things tougher, said Weinstein’s daughter Polly.

“The volume has changed with the internet and people come in, look at price, and go shop online,” she said.

Read more at the Las Vegas Review-Journal

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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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