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
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