Headlines

Jewelers Row Tenants Get Eviction Notices

They’ve been asked to leave by May 31.

Published

7 years ago

April 16, 2019

INSTORE Staff

Eviction notices have been issued to some tenants of Philadelphia’s Jewelers’ Row, the Associated Press reports.

They’re being asked to leave the premises by May 31. The purpose of the evictions is to make way for a planned condominium tower, according to the report.

Jimmy Degroot

Smith and DeGroot Release ‘A Vendor Perspective’ Podcast Episode

Jimmy Degroot

Video: Split Sales Require Effort

Jimmy Degroot

The Business of Jewelry Podcast Special Edition (Part 2)

Jewelers and preservationists have opposed plans by developer Toll Bros., resulting in some changes to the design. Court challenges to the plans, however, have been unsuccessful.

The area is the oldest diamond district in the U.S., but it is not listed on the Philadelphia Register of Historic Places, the Associated Press reports.

WPVI-TV quoted jeweler Jane Theis saying, “All my work, all my everything that is my life. In the same studio for 30 years and all of a sudden 60 days to vacate.”

Several jewelers received eviction notices, and others are concerned that they’re next in line, the news station reports.

Read more at The Associated Press

Closing With Confidence: How Bailey's Fine Jewelry Achieved Outstanding Results With Wilkerson

When Trey Bailey, President and CEO of Bailey's Fine Jewelry, decided to close the Crabtree location in Raleigh, North Carolina after 15 years, he knew the decision needed to be handled with intention and professionalism. The goal was clear: exit the location while maintaining financial strength and honoring the store's legacy. Having worked with Wilkerson successfully in the past, Bailey understood the value of their comprehensive approach. "They understood both the emotional and financial sides of the store closing sale," Trey explains. "Their reputation for professionalism, results and care made it a very easy decision." The results exceeded expectations. Wilkerson helped Bailey's sell through significant inventory while maintaining the dignity of the closing process. "They don't just run a sale, they help close a chapter in the best way possible," Bailey says, strongly recommending Wilkerson to any jeweler facing a similar transition.