Market Developments

Save E-mail Print Most Popular RSS Reprints

Bon-Ton assuming control of fine-jewelry depts.

September 30, 2009

York, Pa.--The Bon-Ton Stores Inc. announced this week that it is taking control of its fine-jewelry departments once operated by Finlay Fine Jewelry Corp.

According to a news release, Bon-Ton will assume operation of the departments in 86 of its nameplate stores beginning in late October, having signed a multi-year agreement with certain suppliers.

The company expects to have a full assortment of merchandise in its fine-jewelry departments for the 2009 holiday selling season.

According to the release, former Finlay store associates in good standing will be offered an equivalent-level position in these stores, and benefits will be provided for eligible associates in accordance with Bon-Ton's benefit programs.

"We are very excited about this new endeavor in fine jewelry," Bud Bergren, president and chief executive officer of Bon-Ton, said in the release. "We believe internally operating and building this destination business will provide increased sales and profits as well as drive traffic into our stores. Fine jewelry is an important business for us as our customers look to Bon-Ton for distinctive styling, quality and value in fine jewelry. We believe this initiative will reinforce our position as a destination for a compelling overall assortment for our customers and strengthen our company for the long-term."

York, Pa.-based Bon-Ton operates 279 stores, including 12 furniture galleries, in 23 states in the Northeast, Midwest and upper Great Plains area.

Its brands include Bon-Ton, Bergner's, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger's and Younkers and, in Detroit, the Parisian.

New York-based Finlay, which filed for Chapter 11 bankruptcy protection in August and is currently in the process of liquidating all of its standalone stores, announced earlier this year that it was backing out of running the licensed fine-jewelry departments in department stores, and instead planning to concentrate on its store brands, which include names like Bailey Banks and Biddle and Congress Jewelers.

Finlay said at the time that it planned to be out of all department stores by the fall.
Save E-mail Print Most Popular RSS Reprints
Post a Comment
* Required field
* Author:
* Comment:
 

Market Developments

TrewTungsten by Trent West ring
Trent West, Penney's settle tungsten carbide suit

A federal court in Texas has dismissed tungsten carbide ring king Trent West's patent infringement lawsuit against J.C. Penney Co. in a case that lawyers say provides the department store with unfettered access to a popular sector of the men's wedding band market. Read More

Sears, Ultra, Blue Nile to avoid 'dirty' gold
Birks and Mayors to distribute Damiani brands
Longtime Zale buyer Jeffry Martin dies at 62
Gravure Commitment loses family member
More Market Development News

More Like This

Design Portfolio

advertisement

Video

Small multi video player located on right rail of NJN site

advertisement

Sponsored by:

Retailer Toolbar

America's Best Jewelers
Join the ONLY Social Network for Jewelry Retailers. Get access to expert content, peer best practices, and more.
Start networking today.
Newsletters
Newsletters
Topic-specific newsletters that deliver the latest news on jewelry, diamonds, wholesale operations and high-volume buying directly to your in-box.
Reader Connect
ReaderConnect
Supplier information presented with every article, bringing you related, actionable content on every topic.
Jewelry Yellow Pages
Yellow Pages
A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.
Classifieds
Classifieds
A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.
NJN Customer Connect
CustomerConnect
The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.

advertisement