Headlines

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

At its peak the business had 100 employees.

Published

9 years ago

October 20, 2016

INSTORE Staff

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.

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

click to Comment(Comment)

Up Next

World’s ‘Most Valuable Piece of Jade’ Unearthed

Don't Miss

Trollbeads Names New CEO for North America

Four Decades of Excellence: How Wilkerson Transformed a Jeweler's Retirement into Celebration

After 45 years serving the Milwaukee community, Treiber & Straub Jewelers owner Michael Straub faced a significant life transition. At 75, the veteran jeweler made a personal decision many business owners understand: "I think it's time. I want to enjoy my wife with my grandchildren for the next 10, 15 years." Wilkerson's expertise transformed this major business transition into an extraordinary success. Their comprehensive approach to managing the going-out-of-business sale created unprecedented customer response—with lines forming outside the store and limits on how many shoppers could enter at once due to fire safety regulations. The results exceeded all expectations. "Wilkerson did a phenomenal job," Straub enthuses. "They were there for you through the whole thing, helped you with promoting it, helping you on day-to-day business. I can't speak enough for how well they did." The partnership didn't just facilitate a business closing; it created a celebratory finale to decades of service while allowing Straub to confidently step into his well-earned retirement.