Alex and Ani Assets Auctioned Off
SJ Corio Company hosted an online auction of more than 1,800 items the company left behind at its headquarters.
The jewelry company was founded in 2004 by Carolyn Rafaelian, and at its peak had more than 70 stores.
Though the brand was a hit in the 2010s, it has struggled to find its footing in recent years, filing for Chapter 11 bankruptcy protection in 2021.
In June, The Boston Globe reported the company would close 20 of its remaining 27 locations and its headquarters in East Greenwich, Rhode Island.
Corio said it began the auction process in May but at the end of June, Alex and Ani management, “locked the doors and abandoned the assets to the landlord,” abruptly vacating its headquarters.
Corio said it coordinated with the landlord in September to move forward with the auction, which consisted of more than 1,800 lots.
The lots included assets related to the company’s distribution center, pick-to-light order picking systems, store fixtures, computers, office equipment, bagging equipment, printers, and racking.
The online auction began Monday and ended early Tuesday.
Based in Rhode Island, the SJ Corio Company has been conducting commercial and industrial auctions since 1986, shifting many of its auctions from onsite to online in recent years.
The lab-grown diamond brand also collaborated with the website The Future Rocks on a collection launching today.
It’s the hero piece of the newest "Green Jewel" collection, a collaborative offering from the two mines.
With holiday proposals right around the corner, encourage your customers to go for platinum when making the big purchase.
The retail offering lets customers track their diamond’s journey.
In a world where the sparkle of a gemstone is only as brilliant as the trust behind it, IGI's purpose is truly invaluable.
The Luele mine is expected to eventually make the country the world’s third-largest diamond producer.
From Thanksgiving through Cyber Monday, 200.4 million consumers shopped online and in stores.
The best quotes from the Oracle of Omaha and his right-hand man Charlie Munger from the 2018 Berkshire Hathaway shareholders meeting.
Next year’s milestone show will be full of educational programming and collaborations.
The Albany Business Review recently honored the 100-year-old company.
To honor his legacy, GIA has set up a scholarship in his name.
There have been eight attacks in the last month, spanning from a jewelry store parking lot in Rhode Island to highways in California.
The organization recognized outstanding industry players at its celebratory event.
Emmanuel Raheb outlines three reasons why Hulu advertising and football can be a game changer for your jewelry store’s marketing.