SHOP ALL LOCATIONS & ONLINE FOR DEEP DISCOUNTS

Boston, Oct. 25, 2018 (GLOBE NEWSWIRE) -- 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.”

See a sales associate for new financing options!

See below for store location list.

Store	Address	City	State	Zip Code
Pines Mall	US 65S and Commerce Rd. 2901 Pines Mall Rd.	Pine Bluff	AR	71601
Pinnacle Hills Promenade	2203 S. Promenade Bldv. Suite 2165	Rogers	AR	72758
Central Mall	5111 Rogers Ave. Space 131	Ft. Smith	AR	72903
Mccain Mall	3929 McCain Blvd., Space F09	North Little Rock	AR	72116
Mall @ Sierra Vista	2200 El Mercado Loop, Space 1134	Sierra Vista	AZ	85635
Arrowhead	7700 West Arrowhead Towne Center, #2250	Glendale	AZ	85308
Superstition	6555 East Southern Avenue, Space 2304	Mesa	AZ	85206
Hemet Valley	2200 W. Florida	Hemet	CA	92545
Montclair	5132 Montclair Plaza	Montclair	CA	91763
Torrance	3525 W Carson St #297A	Torrance	CA	90248
Stonewood Center	251 Stonewood St #B13	Downey	CA	90241
Sierra Vista	1050 Shaw Avenue, A-25	Clovis	CA	93612
Palm Desert	72840 Hwy. 111 Sp. #413	Palm Desert	CA	92260
The Oaks Mall	350 W Hillcrest Dr M001	Thousand Oaks	CA	91319
Victorville	Mall Of Victor Valley #257, 14400 Bear Valley Rd.	Victorville	CA	92392
Galleria at Roseville	1173 Galleria Blvd. #221	Roseville	CA	95678
Stoneridge Shopping Ctr.	2105 Stoneridge Mall Rd #B203	Pleasanton	CA	94588
Sunrise	5917 Sunrise Mall	Citrus Heights	CA	95610
Oakridge	171 Oakridge Mall	San Jose	CA	95123
Arden Fair	1689 Arden Way, #2126	Sacramento	CA	95815
Modesto	504 Vintage Fair Mall	Modesto	CA	95356
Stockton	5308 Pacific Ave. #25	Stockton	CA	95207
Stevenscreek	2855 Stevens Creek Blvd., Space K-163	Santa Clara	CA	95050
West Valley Mall	3200 North Naglee Road	Tracy	CA	95304
Village at The Peaks	1248 South Hover Rd Unit 100	Longmont	CO	80501
Flat Iron Crossing	One West Flatiron Circle, #2016	Broomfield	CO	80021
Pueblo Mall	3429 Dillon Drive Space H2B	Pueblo	CO	81008
Chapel Hills	1710 Briargate Blvd.	Colorado Springs	CO	80920
Mesa	2424 U.S. Highway 6 & 50	Grand Junction	CO	81505
The Avenues	10300 Southside Blvd #1520A/B	Jacksonville	FL	32034
Altamonte	451 E Altamonte Dr #1349	Altamonte Springs	FL	32701
Lindale Mall	4444 First Ave. N.E.; Suite 121	Cedar Rapids	IA	52402
Jordan Creek Town	101 Jordan Creek Parkway Suite 12180	West Des Moines	IA	50266
Coeur D'Alene	200 W. Hanley Ave., C-301	Coeur D'Alene	ID	83814
Markland Mall	1205 S. Reed Rd.	Kokomo	IN	46902
Richmond Square	3801 E. Main St.	Richmond	IN	47374
Muncie Mall	3501, N. Granville Ave.,	Muncie	IN	47303
Tippecanoe Mall	2415 Sagamore Pkwy, South Suite A-14	Lafayette	IN	47905
Greenwood Park	1251 US 31N	Greenwood	IN	46142
University Park Mall	6501 Grape Rd 484A	Mishawaka	IN	46545
Town West Square	4600 W Kellogg Dr, Space Q16	Wichita	KS	67209
Town East Square	7700 E Kellogg Dr, Space H04	Wichita	KS	67207
Florence Mall	2020 Florence Mall	Florence	KY	41042
Somerset Mall	4150 S. Hwy. 27/Somerset Mall	Somerset	KY	42501
Prien Lake Mall	496 W Prien Lake Rd E01D	Lake Charles	LA	70601
West Park Mall	3049 William Street Suite 247	Cape Girardeau	MO	63703
Battlefield Mall	2825 South Glenstone	Springfield	MO	65804
South County Mall	75 South County Centerway	St. Louis	MO	63129
Rimrock/Schubach	300 S. 24Th St. West	Billings	MT	59102
Missoula	South Gate Mall	Missoula	MT	59801
Bozeman	2825 West Main 2J1	Bozeman	MT	59715
Westfield Shopping	274 Westfield Shopping Town Gateway, Pav. 2	Lincoln	NE	68505
Polaris Fashion Place	1500 Polaris Parkway, Space 2196	Columbus	OH	43240
Defiance	1500 North Clinton	Defiance	OH	43512
The Mall at Tuttle Crossing	5043 Tuttle Crossing Blvd., Suite 271	Dublin	OH	43016
Northgate Mall	9717 Colerain Ave.	Cincinnati	OH	45251
Tri-County Mall	11700 Princeton Pike	Cincinnati	OH	45246
Towne Mall	3461 Towne Blvd.	Franklin	OH	45005
Eastwood Mall	555 Youngstown Warren Rd. #914	Niles	OH	44446
Kenwood Towne Centre	7875 Montgomery Rd.	Cincinnati	OH	45236
Eastgate Mall	4601-414 Eastgate Blvd.	Cincinnati	OH	45245
Ohio Valley Mall	Unit 640 Mall Road	St. Clairsville	OH	43950
Sandusky Mall	4314 Milan Road Suite 540	Sandusky	OH	44870
Eastland Mall	2725 Eastland Mall	Columbus	OH	43232
Mall at Fairfield Commons	2727 N. Fairfield Commons, Ste. B42	Beavercreek	OH	45431
Dayton Mall	2700 Miamisburg-Centerville Road Space 920	Dayton	OH	45459
Easton Town Center	4049 The Strand East	Columbus	OH	43219
River Valley Mall	1635 River Valley Circle South, Space 233	Lancaster	OH	43130
Liberty Center	7139 Foundry Row F 122	Liberty Township	OH	45069
Woodland Hills	7021 S. Memorial #274	Tulsa	OK	74133
Salem	Salem Centre #210 480 Center St. N.E.	Salem	OR	97301
Medford	Rogue Valley Mall #2047, 1600 N. Riverside	Medford	OR	97501
Empire Mall	780 W. Empire Mall	Sioux Falls	SD	57106
Town East Mall	350 W Hillcrest Dr M001	Mesquite	TX	75126
Mc Allan	2200 S 10TH ST #X03	McAllen	TX	78503
Amarillo	7200 W 45th Avenue, Suite 11	Amarillo	TX	79109
College Station	1500 Harvey Road #6002	College Stat.	TX	77840
Killeen Mall	2100 Ws Young Dr., #1072	Killeen	TX	76543
Mall Of Abilene	4310 Buffalo Gap Rd. #1290	Abilene	TX	79606
Parkdale Mall	6155 Eastex Freeway, space A-132	Beaumont	TX	77706
Central Mall	3100 Highway 365, Port Arthur, suite 146	Port Arthur	TX	77642
Lake Jackson	100 W. Hwy. 332, #1478	Lake Jackson	TX	77566
Music City	4101 E. 42Nd. St. #H-10	Odessa	TX	79762
Cielo Vista Mall	8401 Gateway Blvd W	El Paso	TX	79925
Wichita Falls	3111 Midwestern Parkway, #342	Wichita Falls	TX	76308
The Woodlands	1201 Lake Woodlands Drive, Space 2090	The Woodlands	TX	77380
Broadway Square	4601 S Broadway Ave B23	Tyler	TX	75703
Stonebriar Mall	2601 Preston Road #2026	Frisco	TX	75033
Corpus Christi	5425 South Padre Island Drive, #157	Corpus Christi	TX	78411
La Frontera	104 Sundance Pkwy	Round Rock	TX	78681
Sunrise Mall	2370 North Expressway Space 1074	Brownsville	TX	78521
Central Mall	2400 Richmond Rd/Kennedy Ln. #78	Texarkana	TX	75503
Longview Mall	3500 Mccann Road #L-8	Longview	TX	75605
North Austin	9607 Research Blvd, Building F, Suite 100	Austin	TX	78759
San Antonio	25 N.E. Loop 410, Suite 130	San Antonio	TX	78216
South Austin	5400 Brodie Lane, Space 1100	Sunset Valley	TX	78745
Lubbock	7310 Quaker Avenue	Lubbock	TX	79424
El Paso East	11325 Pellicano	El Paso	TX	79936
Fashion Place	6191 S. State	Murray	UT	84107
Valley Fair	3601 S. 2700 West C-110	West Valley	UT	84119
Orem	D-59 University Mall	Orem	UT	84058
Logan	1300 N. Main	Logan	UT	84341
South Towne Center	10450 State Street	Sandy	UT	84070
Layton	1028 Layton Hills Mall	Layton	UT	84041
Provo	1200 Towne Centre Blvd Space 1084	Provo	UT	84601
Claypool Hill Mall	Claypool Hill Mall	Cedar Bluff	VA	24609
Charleston Town Center	3000 Charleston Town Center, Space 2076	Charleston	WV	25389
Grand Central Mall	100 Grand Central Mall, Space 220	Parkersburg	WV	26101
Huntington Mall	Rt. 60 & Mall Road, Unit #625	Barboursville	WV	25504
Rock Springs	2441 Foothill Blvd.	Rock Springs	WY	82901
Cheyenne	Frontier Mall 1400 Dell Range Blvd	Cheyenne	WY	82009

 

 

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.

For more information please contact:

Media:

Farhad Wadia, CEO

Farhad.wadia@smjw.com

 

About Gordon Brothers
Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, operating executives, advisors, and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four service areas: valuations, dispositions, operations, and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial, and industrial sectors to put assets to their highest and best use. Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Gordon Brothers is headquartered in Boston, with 25 offices across five continents.

 

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.

 

 

Cal Shusta
Gordon Brothers
cshusta@gordonbrothers.com