jewelry: September 2009 Archives

Update: Finlay closing specialty stores

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Beleaguered jewelry retailer Finlay Enterprises has decided to close all its specialty stores, including Bailey Banks & Biddle, Carlyle & Co. and other outlets. Finlay, which has endured a restructuring and a bankruptcy filing this year, will apparently be out of the retail jewelry business after store-closing sales are complete.


Old and local stores, September edition

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The economic downturn is hitting local stores especially hard. Saddest among those affected are the decades-old establishments suddenly facing bankruptcy or liquidation. Recent news affects numerous local stores with long histories:
  • In Ogdensburg, N.Y., 99-year-old Hulett & Sons Jewelers is closing up shop. The jeweler, which is part of the larger Hacketts store, is selling its inventory to help Hacketts stay afloat. Hulett & Sons first opened in town in 1910.
  • Alma, Michigan's Miller's men's shop is folding after 47 years in business. Owner Duane Stacey blames clothing trends and shifting shopping habits as driving forces of the closure.
  • And legendary Memphis music store Pop Tunes closed both locations this month. Pop Tunes dates to 1946 and was not shy to discuss its demise, noting the "rampant illegal downloading ... low margins, big box retailers" and other factors as factors in the closings.


Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

About this Archive

This page is a archive of entries in the jewelry category from September 2009.

jewelry: August 2009 is the previous archive.

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