Headlines

New Industry Challenges Force Longstanding Boston Jeweler to Say Goodbye

Published

10 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.”

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.