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.
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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
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.
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