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Whitehall Company Jewelers, Inc. is a leading American specialty retailer of fine jewelry, primarily gold and diamonds, which owns and operates Whitehall Company Jewelers, Lundstrom Jewelers, and Marks Brothers Jewelers.
- Early History
- World War II and The Postwar Period
- Company Perspectives
- Growth and Expansion
- Key Dates
- Public in 1996
- Crisis and New Ownership
- Further Reading
Marks Brothers Jewelers began its long history in 1895, when a retail jewelry store opened in the center of downtown Chicago. In 1903 Hugo Marks acquired the store from his uncle Ben Roth and began running it with his brother Al as Marks Bros. Jewelers. Émigrés from Eastern Europe, the brothers welcomed the growing middle and upper classes of the c...
Even before the beginning of World War II, the country's economy began to improve. President Franklin Delano Roosevelt implemented a comprehensive national program to place the United States on a wartime production schedule, with the manufacture of materials for troops that would be sent overseas to fight the Axis Powers of Germany and Japan. The r...
Whitehall Jewellers combines a unique formula of upscale quality merchandise at a wonderful price with superior customer service to create the ultimate jewelry shopping experience.
The jewelry specialty retail business changed significantly during the 1970s, as companies which had traditionally operated as one-store retailers began to expand their business by establishing new stores in different parts of one city or by expanding into different cities altogether. Thus although a well-known company might have its flagship store...
1895:
1. Original jewelry store opens in Chicago.
1903:
1. Hugo Marks of Eastern Europeacquires the store from his uncle, runs it with his brother Al.
1948:
1. Hugo Marks's children take over the shop, begin opening branches.
To make certain these stores were a success, management decided to clean house and rid the company of nearly 10 percent of its sales force that was not meeting company standards. With all the pieces in place, the company was ready to take the next major step in its expansion strategy, namely, make the change from a private to a public company. In M...
Though National Jewelerproclaimed Whitehall had appeared to have "weathered the storm" by mid-2002, in fact, the worst was yet to come. By the end of calendar 2003, Whitehall would be under investigation by both the SEC and federal prosecutors. The crisis began with a $30 million lawsuit filed by Capital Factors Inc., a unit of Union Planters Corpo...
Andrews, Gregg, "Whitehall Jewellers Appears to Have Weathered the Storm," National Jeweler, May 16, 2002, p. S18. Asare, Sophia, and Rob Bates, "Whitehall Agrees to Buyout Offer," Jewelers Circular Keystone, March 2006, p. 39. Baeb, Eddie, "Slow Sales Squelch Whitehall Expansion: Jeweler Says Impulse Buying Dips," Crain's Chicago Business, August ...
Aug 4, 2008 · whitehall jewelers, currently operating under chapter 11 bankruptcy protection, is shutting down after a liquidator won its auction last week—but in an email obtained by jck, the company’s president indicated that as many as half its stores could be sold.
Aug 12, 2008 · National retail liquidation and asset recovery firms will manage a court-ordered bankruptcy liquidation sale of Whitehall Jewelers Holdings, Inc ., which operates 373 specialty jewelry retail stores.
Whitehall Jewellers, Inc., is a leading American specialty retailer of fine jewelry, primarily gold and diamonds, which owns and operates 386 stores in 38 states across the country. Under the names of Whitehall Company Jewellers, Lundstrom Jewelers, and Marks Brothers Jewelers, the company runs sto…
Apr 15, 2008 · whitehall jewelers holdings, inc., a leading national specialty retailer of fine jewelry, said its wholly owned subsidiary, whitehall jewelers, inc., has acquired the assets and leases of 78 stores from friedman's, inc. and crescent jewelers ( a subsidiary of friedman's) for approximately $14.3 million.
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Whitehall Jewellers, Inc., is a leading American specialty retailer of fine jewelry, primarily gold and diamonds, which owns and operates 386 stores in 38 states across the country.
