Headlines

New Industry Challenges Force Longstanding Boston Jeweler to Say Goodbye

Published

9 years ago

January 18, 2016

INSTORE Staff

Owners didn’t see business getting any better after a “quirky year in retailing.”

Dorfman Jewelers, owned by two brothers whose family has ran a jewelry store in Boston since the Great Depression, is closing after what one of the brothers calls a “quirky year in retailing,” the Boston Globe reports. Jonathan Dorfman pointed to a number of factors that prompted the brothers’ decision to close, including changing consumer sentiment and uncertainty in China. “The luxury business is going through a difficult time,” he told the Globe. “I didn’t see it getting better for several years. We figured it made sense to monetize the inventory and say goodbye.”

You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”