Connect with us

Headlines

Why This 131-Year-Old Jewelry Shop Is Closing After Its Best Year in a Decade

mm

Published

on

In a Minnesota family for four generations, the store is
nicknamed the “Tiffany’s” of its hometown.

Even though it just recorded its best year in a decade, the Bagley & Co. jewelry store in Duluth, MN will close after 131 years in business, the West Central Tribune reports. Owner Rich Heimbach spoke with the news outlet and cited several factors that contributed to his decision, including the lack of a successor and the looming three-year construction project of the street where the shop is located.

“I feel letting go and accepting is the best thing for the store and for all of us,” he says of his decision to retire. “At my age, do I have the ability and energy to survive this construction period for three-plus years? I don’t. I don’t feel I have the energy and ability to carry this out and come out of it in five years.”

The store – nicknamed the “Tiffany’s of Duluth” – will close by June if a buyer isn’t found before then, the article adds.

Read more at the West Central Tribune

Advertisement

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Retirement Made Easy with Wilkerson

The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

Promoted Headlines

Most Popular