Store Closing Sales Begin Today at Samuels Jewelers

Press Release

Shop All Locations & Online For Deep Discounts

Date October 25, 2018

Samuels Jewelers announced today that they will commence store closing sales at Samuels Jewelers, Samuels Diamonds, Rogers Jewelers, Schubach Jewelers and Andrews Jewelers locations across the country. Gordon Brothers and its joint venture partner, Hilco Merchant Resources have been selected to manage the process on behalf of the Company. Store closing sales will also include significant discounts on merchandise featured on samuelsjewelers.com
 
Samuels Jewelers began selling diamonds in San Francisco in 1891. Throughout the past 125 years, Samuels Jewelers has expanded its product offerings well beyond diamonds. Today customers can find watches, colored gems, rare and one-of-a-kind pieces from around the world, and of course, an expansive bridal selection.
 
Simultaneous to the store closing sales, the Company is seeking a going-concern buyer through a court-supervised process.  Interested parties will have until January 21, 2019 to submit qualified bids. In the event a going-concern transaction is consummated, certain or all of the stores may remain open. 
 
“Our customers have an opportunity to purchase the high-quality items they have come to expect from Samuels at the lowest prices ever offered just in time for the holiday season,” said Farhad Wadia, Chief Executive, Samuels Jewelers. “Additional discounts are now being offered on all products and we hope our loyal customers will visit our stores and website early for this final opportunity to purchase their favorite pieces and brands.”
 
“Customers are encouraged to shop both online and in stores, to purchase top products at liquidation prices,” said a spokesperson from the joint venture. “Due to the well-known name and goodwill of this brand, we encourage consumers to shop early to take advantage of the best selection of products. We expect merchandise to sell very quickly.”
About Samuels Jewelers, Inc.
Samuels Jewelers, Inc. is a leading retailer in fine jewelry, offering a superior shopping experience. Merchandise is sold in Samuels Jewelers stores in the United States, and the Company’s e-commerce site www.SamuelsJewelers.com, which provides shoppers with a broad online selection of distinctive fine jewelry products. The Company is headquartered in Austin, TX, and has 675 employees nationally.
 
Samuels Jewelers has been serving jewelry customers since 1891. Our 125-year diamond tradition began in San Francisco, where Albert Samuels first opened his doors in 1891. The three-story building on Market Street housed 40 jewelers who designed and skillfully created fine jewelry to exacting standards. Today, we are committed to preserving the principles of quality, value and customer service excellence established by our founder over 125 years ago.

About Hilco Merchant Resources
Hilco Merchant Resources (www.hilcomerchantresources.com) provides a wide range of analytical, advisory, asset monetization, and capital investment services to help define and execute a retailer’s strategic initiatives.  Hilco Merchant Resources’ activities fall into several principal categories including acquisitions; disposition of underperforming stores; retail company or division wind downs; event sales to convert unwanted assets into working capital; facilitation of mergers and acquisitions; interim company, division or store management teams; loss prevention; and, the monetization of furniture, fixtures and equipment.  Hilco Merchant Resources is part of Northbrook, Illinois based Hilco Global, one of the world’s leading authorities on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace.