is gordon's jewelers still in business

This has been a great year, I turned 69 this year, and it was time to execute a plan we had in the works for several years. Gordon is Samuel Gordons grandson and has worked in the jewelry business most of his life. More info. A boy whos 16 or 17 years old and wants to get his prom date something, well thats the most important piece of jewelry in the world to him, he said. Hes struck up friendship with the former gang biker, otherwise known as the machine gun preacher. A movie about his life was made in 2011. Its the same faces, the same people, and customers love that. Download Media Kit (Mailed 5x per week. It has been added. The staffmy business partners as I call themhave been with me for 25 and 30 years with some even longer, he said. 27 New Engagement and Wedding Rings The shares of Gordon, which traded between $15 and $18.50 in 1988 because of the company's flagging performance in recent years, jumped to $24 in April, when Gordon said it had hired Goldman, Sachs & Company and was considering a sale or a restructuring. After a flukishly successful interview in Houston, I was hired, said Petimezas, who quickly rose up the ranks into management where he opened and supervised stores in the northeast. I try to help when I can, and plan to visit him there after this last Christmas season. And he chose Wilkerson to take the lead. General manager Ray Golden says he was skeptical if Wilkerson could bring in the kind of numbers they said they would but was shocked by the line at the door on day one a line that continued throughout the sale. Analysts expressed little surprise over the sale of Gordon, which recently completed a modernization, or its price, given the strong growth in jewelry sales since the mid-1980's. Its unclear what will happen with Samuel Gordons 12,000 square-foot superstore at 5521 N Pennsylvania Avenue. Anyone can read what you share. As an adult just starting out in the business, a meeting in 1974 with the late Harry B. Gordon, son of the founder of Gordons Jewelers, would leave a lasting impression. There was a constant stream of both customers within our data base but also brand-new ones, and that really helped us expand our base. In hindsight, choosing Wilkerson was the right decision, says Brad Marks. INSTORE Classifieds, LATEST DIGIMAG As a child, he always had an interest in plastic rings and jewelry and also collected rocks when he was young. Thanks to a steadily growing number of customers, Watchmakers Diamonds and Jewelry was running out of space. Peter Hannes: Let Couples Decide Together, Post Your Online Classified (Prices Start at $95), Peter Hannes: Let Couples Decide Together, What: Watchmakers Diamonds & Jewelry Retirement Sale, Where: 1252 Scalp Ave., Suite 2, Johnstown, Pa. 15904. He said jewelry is the only thing you can give that conveys an emotion, you can wear it and it has continuing value. Think about the last gift you received that hit all those key values.. The plans for the building are somewhat unknown right now, Gary Gordon said. And a great thanks to my loyal and dedicated staff for their long tenures and hard work which made everything happen. Shoppers looking for bargains on high-quality jewelry should mark November 7th on their calendars. After Thanksgiving open Sundays too, 12 to 5pm. He decided to branch off on his own, buying Watchmakers Shop in 1975 and renaming it Watchmakers Diamonds and Jewelry. To somebody who is celebrating his 60th anniversary and has an unlimited budget, thats an important piece of jewelry for him as well. Its rise of 21.4 percent was the largest of the day. AUGUST 2022 Terms of Use, SUBSCRIBE At my store, my staff and I are going to give them the same level of friendly, quality customer service.. I would recommend them 100 percent., When Its Time to Liquidate, Call Wilkerson, Take Your Jewelry Business to the Next Level, Thinking of Liquidating? Petimezas was also struck by Gordons affable, unassuming demeanor. The store will begin a going-out-of business sale later this week and will close its doors once everything is gone, Gary Gordon said. Newsletter They became part of my family., Take the Risk Out of Buying Diamonds and Finished Jewelry for Stock with GN Diamonds 100% Guarantee, When Brad Marks, owner of I W Marks Jewelers in Houston, Tex., decided to redesign his store, he needed to liquidate older merchandise to make way for new collections. with the biggest daily news headlines and useful tips. The Wedding Business Elevated Monday through Saturday. Brain Squad, ADVERTISE TimesMachine is an exclusive benefit for home delivery and digital subscribers. Samuel Gordon Jewelers is closing its doors after 111 years of business in Oklahoma City. He was told about a job opening and agreed to an interview. Expect to find special deals on jewelry- including engagement rings, anniversary bands, gemstones and estate jewelry. Privacy Policy INSTORE Raves Gordon's sale leaves its leading rival, Kay Jewelers Inc. of Alexandria, Va., as the last of the large independent jewelry chains to be publicly traded in the United States. About Us Store hours: 10am. You go out while youre on top, said Petimezas, whose store has received a dozen business recognition awards over the years. Wilkersons Got You Covered, INSTORE helps you become a better jeweler 2022 Gordon family members, their relatives and several other investors owning 54 percent of the company have agreed to tender their shares to Zale, the companies said. Ive done this for 48 years, and Im going to allow myself to rest, Gordon said. Your California Privacy Rights / Privacy Policy.

: Visit, call 814-266-9653 or email. Its 45 a wonderful years Im blessed with a booming economy and a positive business trajectory.. He does a lot of good work in the Sudan resisting the insurgents, building orphanages, and rescuing children conscripted into the rebel army he said. Thats when Watchmakers Diamonds and Jewelry will start a huge store-wide retirement sale. The merger of the companies, whose stores overlap several markets, increases Zale's lead as the nation's largest jewelry chain. Petimezas is exploring his options in retirement while his wife Dee Dee, who he met in 1996 plans to continue operating her beauty salon and enjoying their two children, a safety engineer and an RN emergency room nurse. Gordon said he is still passionate about the jewelry business and the only reason the store is closing is so that he can retire. The Gordon Jewelry Corporation, a Houston-based retail jewelry company, agreed today to be acquired by the closely held Zale Corporation for $36.75 a share, or about $311 million, the companies said today. And I think what people who have never bought here will find is a wealth of experience and people who enjoy what theyre doing because thats all theyve done for their entire career.. This is a digitized version of an article from The Timess print archive, before the start of online publication in 1996. Gordon began selling jewelry in 1916. She still has them today and continues to wear them for special occasions, he said of his mother May, who is 100 years old. He said hell miss his customers who have become members of his extended family.

The Zale Corporation, formerly a family-controlled public company, was itself acquired by Canada's largest jewelry retailer, Peoples Jewellers Ltd. of Toronto, and a Swiss wholesale jeweler, the Swarovski International Holdings A.G. of Zurich, for $525 million in 1986. Petimezas recalls going to an F.W. I was so impressed by him, Petimezas said. CORRECTION: An earlier version of this article did not include a sentence that Gary Gordon said he is still passionate about the jewelry business. COMPANY NEWS; Zale to Acquire Gordon Jewelry, See the article in its original context from. As a subscriber, you have 10 gift articles to give each month. to 6:00pm. Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. Its really kind of boring. In 2002, Petimezas relocated from The Galleria Mall to its current location on Scalp Avenue: A free-standing commercial building thats triple in size. Despite no signs the business is slowing down, Petimezas said hes taking a cue from legends including Johnny Carson, Jay Leno and Jerry Seinfeld in deciding to retire this year. They are the consummate professionals. ), 8 Jewelry Retailers Who Know How to Create a Brand Identity, Diamond Trader Convicted in $2.6M Grand Larceny Case, Judge the Jewels: JLo Says I Do to Ben Affleck with a Simple but Substantial Wedding Band, Your Next Staff Member Could Be Found in Your Own Community, This Abandoned Mine in New Jersey Holds a Mineralogical Hotspot, 20 Simple Tips from Jewelry, Comedy and Academia Experts for Bringing the Funny, Most Diamonds Set in One Ring: 24,679-Gem Stunner Obliterates Guinness Record, GENERAL Petimezas has given to a variety of causes over the years, including contributing toward Reverend Sam Childers work with orphans in the Sudan. Im grateful to the entire community of Johnstown whose support has made our success possible, he said. The cash sale of Gordon, a family-controlled company that was started as a general store in 1905 by Meyer M. Gordon, a Lithuanian immigrant, ends months of speculation over its future. The business was founded in 1904 by Lithuanian immigrant Samuel Gordon, who opened the jewelers first location in downtown Oklahoma City. Zale is expected to retain the company's management and to continue to operate the company's stores under the Gordon name. The stock then rose beyond $30 a share, and it closed today at $36.125, up $6.375, on the New York Stock Exchange. All rights reserved. The Gordon family closed its three Oklahoma City area stores to relocate into the remodeled building in 1990. Go out while youre on top and pursue whatever endeavors are there. As part of the sale, Wilkersons far-reaching advertising campaign worked double duty to drum up interest in both the liquidation sale and the store itself. The building is a former Goodyear Tire store situated across from Penn Square Mall, remodeled with the help of local architect Rand Elliott. Magazine He took over as principal of the company in 1980 after the death of his father, Norman Gordon. Contact Us Fostering a warm and inviting atmosphere has helped Petimezas and his devoted staff develop a growing pool of loyal customers. At one point Gordon told him he could sit in his chair and put his feet up on his desk during some light-hearted banter in his office. By Nina Andrews, Special To the New York Times. To preserve these articles as they originally appeared, The Times does not alter, edit or update them. Advertise in INSTORE (PRESS RELEASE) JOHNSTOWN, PA Dennis Petimezas recalls a chance visit to a Gordons Jewelry Store in 1974 for a pen refill. Woolworth department store at age 5 in 1955 and buying a 25-cent pair of plastic rose earrings for his mothers birthday. Well be selling items very close to cost or under cost and we dont know how long it will last, he said. Petimezas himself would devote his career to providing excellent customer service with a smile, and treating everyone with respect no matter their station in life. Zale, based in Irving, Tex., will begin a tender offer immediately for the rest of Gordon's 8.46 million shares outstanding, the company said.

Zale will need the edge to continue its success in what has become an increasingly competitive market, in which department stores, catalogue companies and discount houses compete with the chain and the small independent jewelers that still hold a subtantial piece of the market, he said.

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