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.
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After 139 Years, A Family Legacy Finds Its Perfect Exit With Wilkerson.
When third-generation jeweler Sam Sipe and his wife Laura decided to close Indianapolis’ historic J.C. Sipe Jewelers, they turned to Wilkerson to handle their retirement sale. “The conditions were right,” Sam explains of their decision to close the 139-year-old business. Wilkerson managed the entire going-out-of-business sale process, from marketing strategy to sales floor operations. “Our goal was to convert our paid inventory into retirement funds,” notes Sam. “The results exceeded expectations.” The Sipes’ advice for jewelers considering retirement? “Contact Wilkerson,” Laura says. “They’ll help you transition into retirement with confidence and financial security.”