Connect with us

Headlines

Jeweler to Leave Portland, Focus on Its Other Markets

Sales didn’t meet expectations.

mm

Published

on

California-based Shreve & Co. plans to close its store in downtown Portland, OR.

The company began a “total jewelry and watch liquidation sale” on Nov. 17.

The Pioneer Square location at 640 SW Broadway opened five years ago.

“We have had a great experience here,” said Lane Schiffman, co-owner of Shreve & Co., “making the decision to close a difficult one, but practical as our sales have not grown to our expectations. By closing the Portland store, we’ll gain more flexibility to focus our resources in our home market.”

The employees at the Shreve & Co. Portland location have been offered jobs in California, the company said.

The 164-year-old jeweler’s flagship store is at 150 Post St. in San Francisco. It also has a location in Palo Alto, CA.

Advertisement

Since 1992, Shreve & Co. has been part of Schiffman’s, a jeweler based in Greensboro, NC.

The company said “millions of dollars of exquisite diamonds, couture designer jewelry and fine Swiss timepieces” will be offered in the Portland liquidation.


Read more at PR Newswire

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

Wilkerson Helped This Jeweler to Navigate His Retirement Sale Despite a Pandemic

Hosting a going-out-of-business sale when the coronavirus pandemic hit wasn’t a part of Bob Smith’s game plan for his retirement. Smith, the owner of E.M. Smith Jewelers in Chillicothe, Ohio, says the governor closed the state mid-way through. But Smith chose Wilkerson, and Wilkerson handled it like a champ, says Smith. And when it was time for the state to reopen, the sale continued like nothing had ever happened. “I’d recommend Wilkerson,” he says. “They do business the way we do business.”

Promoted Headlines

Most Popular