Connect with us

Headlines

Jeweler to Close Store, but Grow Overall Business

Another location has added 2,300 square feet.

mm

Published

on

A jewelry store in Lenoir City, TN, is closing, but its owner says not to read too much into that.

Rick Terry of Rick Terry Jewelry Designs says his overall business is on an upswing, Knox News reports.

His two other stores will stay open even as the Lenoir City location shuts down as a result of a “lease issue,” according to the newspaper. In fact, Terry has increased space at his Farragut location by 2,300 square feet.

“Now we’re triple the square footage,” he explains.

The Lenoir City location’s employees and leftover stock will transfer to the remaining stores — the other one is in downtown Knoxville. Its last day is Oct. 27.

The expansion in Farragut includes both showroom and jewelry production space.

Advertisement

Read more at Knox News

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | Sollberger’s

Going Out of Business Is an Emotional Journey. Wilkerson Is There to Make It Easier.

Jaki Cowan, the owner of Sollberger’s in Ridgeland, MS, decided the time was right to close up shop. The experience, she says, was like going into the great unknown. There were so many questions about the way to handle the store’s going-out-of-business sale. Luckily for Cowan, Wilkerson made the transition easier and managed everything, from marketing to markdowns.

“They think of everything that you don’t have the time to think of,” she says of the Wilkerson team that was assigned to manage the sale. And it was a total success, with financial goals met by Christmas with another sale month left to go.

Wilkerson even had a plan to manage things while Covid-19 restrictions were still in place. This included limiting the number of shoppers, masking and taking temperatures upon entrance. “We did everything we could to make the staff and public feel as safe as possible.”

Does she recommend Wilkerson to other retailers thinking of retiring, liquidating or selling excess merchandise? Absolutely. “If you are considering going out of business, it’s obviously an emotional journey. But truly rest assured that you’re in good hands with Wilkerson.”

Promoted Headlines

Most Popular