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