Richemont’s jewelry sales ticked up 2 percent in the first half of the year, while watch sales plummeted 17 percent.
Fred Meyer Jewelers Shop-in-Shops to Close By Month’s End
The Kroger-owned retailer will close 71 stores located inside Kroger Marketplace locations.
Cincinnati—Fred Meyer Jewelers has temporarily closed all locations because of the coronavirus pandemic, but some will not reopen.
The Kroger Co. will permanently close 71 Fred Meyer Jewelers stores located within its Kroger Marketplace stores, according to a report by the Cincinnati Business Courier.
Fred Meyer Jewelers is a subsidiary of Cincinnati-based Kroger. It operates both Fred Meyer Jewelers and Littman Jewelers.
Kroger operated a total of 242 jewelry stores as of the fourth quarter 2019.
On its website, Kroger describes its fine jewelry portfolio as “a high-margin business with good cash flow.”
However, Kroger said in a statement that following an evaluation of the jeweler’s business performance, it decided to repurpose the space once occupied by Fred Meyer within its Marketplace stores to “meet the changing preferences of today’s customer.”
Fred Meyer Jewelers, which ranked as the 21st-largest jeweler in North America by sales volume and the second largest by store count in National Jeweler’s 2019 State of the Majors report, will continue to operate in the Pacific Northwest and Utah, as well as in select malls and online, said Kroger.
Grocery giant Kroger acquired Fred Meyer, a Portland, Oregon-based chain of big-box stores, in 1998, later opening Fred Meyer Jewelers in its Marketplace stores.
Kroger has 2,758 stores in 35 states and Washington, D.C. while Fred Meyer has 132 big-box stores in Washington, Oregon, Idaho and Alaska.
Neither Kroger nor Fred Meyer Jewelers responded to National Jeweler’s request for comment about the closures.
The Latest
Offered by the lab since 2016, the holiday season special is good from now through mid-December.
The “Mikimoto Chrome Hearts” jewelry brings pearls from Mikimoto together with distinctive motifs from Chrome Hearts.
From protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
These earrings use flat-backed white quartz to create a window onto an antique ribbon embroidered with a floral design.
This year’s AGTA Spectrum & Cutting Edge Awards included a new category for engagement rings and a new award highlighting female designers.
Plus, CEO Beth Gerstein shares her insight on the holiday season and the possibility of new tariffs.
This fall, sharpen your skills in jewelry grading, quality control and diamond assessment.
The month’s birthstones, citrine and blue topaz, reflect the changing colors of the season.
The “Carey Lowell x Sidney Garber” collection stems from the friendship between the jewelry designer and ceramicist.
In 2025, the nonprofit plans to continue its support of longstanding partners while also allocating some funds to a new initiative.
The Rolex watches are from the collection of “Titanic” co-producer Alfred “Al” Giddings and will go up for sale at Sotheby’s next month.
The Danish jewelry company plans to open up to 150 concept stores this fiscal year.
The location will close by the end of the year due to it being financially unsustainable, GIA said.
One lucky winner will receive a “Lizzie” diamond bracelet.
Samantha Larson has joined the Boston-based retailer.
The Emerging Jewelers Accelerator Program will guide retail jewelry entrepreneurs through an eight-month educational curriculum.
Ten chosen designers will receive mentorship and participate in a design contest for the Tiffany & Co. x CFDA Jewelry Designer Award.
Dana J. Lorberg brings 35 years of experience in finance, technology, and strategy to the role.
The suspects are said to have been involved in the armed robberies of four jewelry stores across three Midwest states.
The new designs blend Creative Director Reed Krakoff’s aesthetic with the brand’s Balinese roots.
The Dallas-based jeweler will showcase timepieces from Cartier, IWC Schaffhausen, Jaeger-LeCoultre, Parmigiani Fleurier, and more.
The artwork, titled “Pristine,” was raffled off at the Canadian Jewellers Association’s recent summit.
The new store features a custom design studio and a bridal salon.
Designer Rosanne Karmes has created a collection to coincide with the release of the movie musical, which is expected to be a blockbuster.
The retailer said it will file the necessary paperwork to regain compliance as soon as it is able.
Whether you’re calming the jittery gentleman in seat 13B or selling a diamond ring to a hesitant customer, an empathetic approach is best.