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Margulis Jewelers in Portland to Close After 90 Years in Business

The owner blames the area’s ‘vandalism, homelessness crisis, and sense of nighttime lawlessness.’




Margulis Jewelers in downtown Portland has announced that it will close.

A sale has been underway with discounts of 40 percent to 70 percent, Oregon Live reported. David Margulis, owner of the business, said the decision to close was “agonizing.”

He wrote in a March 3 letter to customers that the city “has experienced the perfect storm of adversity” and that “independent businesses simply cannot withstand the economic forces which have caused the deterioration and resulting emptiness of Downtown Portland.”

The Daily Mail quoted Margulis attributing the closure to “broken downtown’s vandalism, homelessness crisis, and sense of nighttime lawlessness.”

Margulis Jewelers opened in 1932. David Margulis has owned it since 1985, when he took the reins from his father, Jerome Margulis. The store is located across from Pioneer Courthouse Square.

The business tried to make a comeback with a “survival sale” three months ago, but it wasn’t enough.


Oregon Live noted that many downtown office towers have been empty since 2020 as a result of the pandemic, and homeless camping in the area is on the rise. Additionally, protests that turned violent in 2020 “gave the city a reputation for upheaval that has been hard to shake as well.”



Moving Up — Not Out — with Wilkerson

Trish Parks has always wanted to be in the jewelry business and that passion has fueled her success. The original Corinth Jewelers opened in the Mississippi town of the same name in 2007. This year, Parks moved her business from its original strip mall location to a 10,000-square foot standalone store. To make room for fresh, new merchandise, she asked Wilkerson to organize a moving sale. “What I remember most about the sale is the outpouring excitement and appreciation from our customers,” says Parks. Would she recommend Wilkerson to other jewelers? “I would recommend Wilkerson because they came in, did what they were supposed to and made us all comfortable. And we met our goals.”

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