Jacobson’s Going Out of Business

The retail world has lost another piece of its history with the recent liquidation of Jacobson Stores. After 134 years in business, the upscale Jackson, Mich.-based specialty retailer will soon be closing its doors for the last time. Jacobson's began conducting going-out-of-business sales at all of its 18 locations in late July. The sales include storewide discounts off the lowest ticket prices in all merchandise categories. The retailer said the sales would continue until all merchandise has been sold. Jacobson's decided to fold its operations after months of unsuccessfully trying to sell the company as a going concern. The specialty retail chain, which filed for Chapter 11 bankruptcy protection in January, had struggled with falling sales and mounting losses in recent years. In its most recent fiscal year ended Feb. 2, Jacobson's saw net sales plummet by 12.7% to $401.8 million.

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).


Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out