Fred Meyer Jewelers Closing a Number of Mall Stores

Fred Meyer Jewelers is closing a number of its mall stores, confirms group vice president Kirsten Darrow.

She declines to provide an exact number.

“We are closing underperforming mall stores (under both Fred Meyer Jewelers and Littman Jewelers brands) whose leases are ending,” she adds. “It’s never an easy decision to close a location but we must adapt to the changing retail environment.  However, we are not exiting our mall format entirely. We will continue to operate in four formats: malls, Fred Meyer Box stores, Kroger Marketplace, and online.”

She says there have been slightly more closings on the East Coast, since it has predominantly mall stores.

Even before these closings, Fred Meyer Jewelers had been slimming down its store count. In the third quarter of 2016, it numbered 324 stores. At the end of the third quarter of 2017, it only had 306.

Fred Meyer Jewelers is generally considered the number two jeweler, as far as the number of stores operating. The jewelry chain is owned by grocery giant Kroeger.

In 2016, president Peter Engel said the company was now focused on shopping centers rather than malls.

 

JCK News Director


  • Artemis

    tick tick tick….just a matter of time before this horribly lead company fails completely.

  • Joe

    I personally see a lot and lot of store closures coming up. Like Shiv said “Time has changed, customer choices have changed, financial situation has changed However the jewelry industry and its way of doing business has not changed much. It is a complete mess and needs a huge overhaul right from top management”

    till then more store closures and yes new and old excuses from management to hide their failures. Simple advice to all independents if you cannot look at the big picture and change your mindset to adapt and innovate, plan a good exit, close.

  • The link “its store count” links to this “https://www.thekrogerco.com/about-kroger/our-business/”
    You might be overload and need to hire more writers, I think.
    If you need help, let me know.
    americanbluediamonds.com

    • Rob_Bates

      If you go to that page, and click “view a list of store types by quarter” you can see the store count.

  • I am talking about this article, ” Fred Meyer Jewelers Closing a Number of Mall Stores.” The link ” its store count” have not yet fixed! It is link to Kroger website talking about food, not jewelry.
    “Even before these closings, Fred Meyer Jewelers had been slimming down its store count. In the third quarter of 2016, it numbered 324 stores. At the end of the third quarter of 2017, it only had 306.”

    http://www.americanbluediamonds.com/services/custom-jewelry

    • Rob_Bates

      It is an accurate link. Kroger owns Fred Meyer, and that page has information about store count of all the different divisions. Just click on “view a list of store types.”