Headlines

Jeweler to Close Store, but Grow Overall Business

Another location has added 2,300 square feet.

Published

6 years ago

September 26, 2018

INSTORE Staff

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.

Read more at Knox News

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”