Famous jeweler is closing up shop
Filed under: Bargains, Shopping, Recession, Bankruptcy, Black Friday
Perhaps you've already heard. One of our beloved mall-based jewelry chains is closing it's doors for good. A quick trip to the Whitehall Jewelers Website makes it all too plain. After filing for Chapter 11 bankruptcy protection in June, the company is liquidating it's inventory and is calling it quits. A report from azcentral.com, a popular Arizona news source, indicates that Chicago-based Whitehall is closing 373 stores nationwide. Some of those stores carry the Whitehall name, some have done business under the name Lundstrom Jewelers. Indications are that the company will terminate business by Christmas, or when all items have been sold.
Keeping in mind that these store closures will put many good people out of work, (I'm guessing about 2,000), there is an opportunity here to purchase some fine jewelry at very deep price reductions. Whitehall indicates that it is liquidating one half billion dollars worth of jewelry, at prices from 50% to 70% off the previously tagged prices. I can make no representations about the company's products, quality, or value, but 70% off just about anything is generally worth looking into.
I believe that I've made at least one purchase from Whitehall Jewelers. I know for certain that I've been in their stores. I also know that I've always enjoyed those enticing jewelry stores, with their long polished cases, lovingly filled with gold and silver eye candy, nestled among those comfy trays of black felt. It seems a terrible shame to me that this longstanding company must fade into the sunset.
Perhaps their vacated mall space will be filled with yet another cell phone retailer, or another imported candle and gift shop. Or maybe it'll just go cold, dark, and vacant, unattended and sealed with plywood and duct tape. In any case, I just don't feel too good about this company's demise.
It's a sign of the times, I guess.



Reader Comments (Page 1 of 4)
10-31-2008 @ 2:20PM
BOB said...
The problem with jewelry "retailers" is exactly that. RETAIL !
One never feels like the deal you get in those highly polished, slick, beautiful operations is the best you could do....and frankly...it isn't. Almost NEVER. With the Costco's, Sam's Clubs, Jewelry Marts, and "diamond districts" in most major cities, these stores have survived past their expiration date already. Truth be told, a customer can "bury their deals" online or you can print the online ad , bring it to one of the dozens of dealers in a "jewelry zone" in L.A., N.Y., Chicago, SF, Miami and on and on and these merchants will be glad to "meet" or "beat" the deal, in most cases with better quality.
Yes, the day of these type of stores is pretty much over.
Wait...if Wal-Mart ever decides to REALLY get into the jewelry business even these guys don't stand a chance !! Ask Whole Foods, Home Depot, Circuit City or Linens and Things...once you are in Wal Mart's crosshairs...it's over ...
Reply
11-14-2008 @ 7:41AM
MARY CHACON said...
BUYING JEWELERY FROM KMART, MACYS & YES SAM'S CLUB IS LIKE GOING TO A GENERAL PRACTIONER INSTEAD OF A SPECIALIST. i HAVE WORKED FOR THIRTY YEARS FOR A FAMILY CHAIN AND WHEN SOMETHING HAPPENS ITS BETTER TO HAVE ONE JEWELER YOU CAN TRUST. EVERY JEWELER WILL MATCH THE PRICE YOU CAN FIND UNLESS ITS SOME OF THE CRAP FROM OVERSEAS THAT YOU WOULDN'T WANT YOUR NAME ASSOCIATED WITH ANYWAY.
11-01-2008 @ 9:02AM
joncdodge said...
I never trust those jewelers there just to cheap looking..
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Thanks,
Jon
11-01-2008 @ 2:14PM
Scott said...
Bob, sorry to pop your bubble but you clearly don't have a clue about jewelry. The problem with Whitehall is not the word retail, which means the place selling to the consumer, Sam's club and Costco are selling retail. The challenge with many of the chains is the style in which they offer pricing. The consumer is finally done with phony discounts and medium quality jewelry. The market is shifting again to the low end being available at Walmart and TV, and better quality being bought at independent stores. For your information, the managers of the local Coscto have me make their engagement rings. I can offer better quality and better pricing and it is still considered retail because they are the end user. Whitehall got caught like many other large chains buying the wrong stuff and the wrong price and not selling enough to pay the bills. If you somehow think that gigantic stores like Walmart and Costco will cause the demise of real jewelers who actually make and design quality products, then all chefs will go out of business due to the frozen pizza section.
11-02-2008 @ 2:37PM
sieben13 said...
I hope wal- mart gets into the business,these companies have been sticking it to the public forever
11-03-2008 @ 12:53AM
ScorpionandGrasshopper said...
I work for Zales jewelers, therefore we are always up on the competition, Whitehall being one of them since there is one in our mall. Whitehall has actually been bought by another jewelry company, and many of the locations will continue to be a jewelry store, just under a new name. However, it is a shame that it looks like none of the current employees will stay/be brought back after the transition. As to quality, believe it or not, Whitehall OVERALL had better quality merchanside than most of the other chain stores, ourself included until this year. They did/do carry some of what we in the industry like to call 'spit' or 'salt globs' but all chain jewelry stores do in effort to appeal to all budgets. Also, those of you who are comparing stores like J.B Robinson, Kay's, Roger's, Zales, etc. should know that they ALL carry most of the same jewelry from the same vendors. The only differences are price and or customer service. For those of you who have complained over losing stones from Whitehall jewelry, trust me, that happens nomatter where you buy jewelry unless you are buying REALLY high end - as in five, six and seven digits. The reason is the accent stones on just about all fine jewelry now are no longer set by hand - they are dropped in by machine and the prongs 'squished down'. All too often, the stone 'lands' wrong, and that is when you will have stones fall out of a brand new piece. The good news is you should be under warranty and anying faulty should present itself pretty quickly. It is just an unfortunate consequence of everything become automated and mass produced nowadays. To the user who complained that their Whitehall ring turns their finger, this is common. It has nothing to do with the company or the alloy mix - it is the wearer. It even happens to me. It has to do with your acidity (if you drink a lot of orange juice or take vitimin c tablets especially) you will have a lot of acidity in your skin oils. This reacts with the metal and will leave you with a green or black mark (that rubs off easily). And believe it or not, my cheaper 10kt gold does not do this to me - its the BETTER higher content gold (14kt and 18kt) which does. So that tells me that it is the gold reacting with the acid, not one of the alloys. But when I lay off the citrus stuff, it doesn't happen.
10-31-2008 @ 2:40PM
gary munyon said...
In my 35 years in business I had bought companies and sold companies, there always seems to be a buyer for almost any business. This company must have been in really bad shape to not have found a buyer. Management must have been extremly poor, hence their demise.
Reply
10-31-2008 @ 2:49PM
Nicole said...
I bought a wedding ring at Whitehall when they were going out of business in our mall and that ring breaks my finger out everytime I wear it and I can wear any other ring on that finger and it won't. I think their rings are crap. Just my opinion!
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11-01-2008 @ 2:16PM
Rina said...
Nicole,
You could have an allergy to the alloy that is mixed with the gold. This is common. Have an allergy test and find out for your piece of mind.
11-01-2008 @ 2:38PM
Aggie said...
Whitewall Inc. does sell, "junk". I have a ring from their store and twice the stones fell out and I had to have them replaced. It cost me more then the junk is worth.
11-03-2008 @ 12:32AM
Val said...
I bought my daughter an untraditional mother's ring at Whitehall and it's VERY lovely and doesn't break out her finger. She's had it for almost 2 years now. You may be I agree with Rina...you may be allergic to something in the gold. :)
It's a shame this jewelry business is closing down. Great jewelry for a great price but most importantly...so many jobs will be lost. Prayers go out to those who will lose their jobs in this economy.
10-31-2008 @ 2:45PM
getwau said...
More layoffs announced every day! Will it be your employer tomorrow? Everyone! Every single one of us should always be prepared for a layoff. CASH! Piles of cold hard cash is the best way to weather the current economic situation. I discovered one of the best books you'll ever find about finance, "How to Become Filthy Rich on Your Current Income" at www.how-to-become-rich.com. If people read books like this one we would not have the current situation we do. As many people see doom and gloom right now, I see
opportunity.
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10-31-2008 @ 7:36PM
JenMcD said...
Very well said... It's true- our attitude and perspective will determine how each of us makes it out of this "recession"
11-01-2008 @ 12:39PM
Nish said...
I agree with you on this one. I own a salon in florida and I have discovered an amazing compnay that has integrity and heart and is not going anywhere. We have so many things out there available to us but because so many people are closed minded and don't see the big picture they suffer. Unlike the ones that see an oppotunity. What people done realize is that now is the best time to get involved with a great standing company at these hard times because when it gets better and it will these compnaies will be the one standing tall and all their followers will reap the benefits.
10-31-2008 @ 3:05PM
Carey said...
I tried to take advantage of their going-out-of-business sale the other day. You would think they would want to move their inventory and strike deals with willing buyers... but no, the salesman wouldn't even budge on the price of some earrings. :(
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10-31-2008 @ 3:05PM
eric said...
Gary (author)
I feel for the people who have lost jobs; however, before you overly lament Whitehall's replacement with cell phone outlets, and candle shops, please bear in mind that in just about any mall that housed a Whitehall, there are at LEAST 2 to 3 other jewelry shops as well. So, worry not, there will always be another supplier, with evidently a better business plan, to supply the masses as much low to mid grade jewelry as we'd like.
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10-31-2008 @ 3:07PM
KATHEY said...
I bought my husbands wedding band any both my diamond wedding bands there and that was 8 years ago and they are as beautiful today as they were 8 years ago. I also bought many other jewlery from Whitehall and have been very happy. Sorry to see them close.
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10-31-2008 @ 3:31PM
Renee said...
I hate to hear about retail misfortune, but I guess I am just another bargain vulture. Does anyone know where these companies (Whitehall & others) are liquidating their merchandise after they close. I know that companies are rarely able to sell off everything.
Thanks,
Renee
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10-31-2008 @ 3:33PM
Aaron said...
The fact the people are still trying to beat down the prices is one of the reasons that they are going our of business. People think that there is HUGE mark ups on jewelry when in fact there is not. Jewelry production is still very much manual labor.
People constantly trying to get a break, make a deal or get what they feel is coming to them have never worked in a retail environment.
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11-01-2008 @ 3:44PM
Lindsay said...
Not a huge mark-up? My husband is in the jewelry business, was a manager at a retail jewelry store for years, and there is about a 3x mark-up on jewelry in retail stores! He gets things custom made for people at one third to half the price with better quality and one-of-a-kind craftsmanship! Not a huge mark-up hahahaha