38. Tiffany & Co.
Year Established: 1837
Store Closures: 1 Branch*
Founded in the middle of the nineteenth century, Tiffany & Co. is one of the oldest jewelry companies in history. The company declared in 2020 that it would be closing its main store in New York City for renovations. Tiffany & Co.’s Fifth Avenue shop is arguably the most well-known, so brand devotees will be happy to hear that the closures are temporary. Tiffany’s assured Americans that the closures were temporary and didn’t portend difficulties for the company when they were questioned about them. “Love and optimism” will always be at the core of the brand, the statement read. The store won’t reopen until the spring of 2022 due to delays.
38. Tiffany & Co.
39. Zales
Year Established: 1924
Store Closures: 455 Branches* (Over 3 year period)
A division of Signet Jewelers is the jewelry retailer Zales. Popular in shopping centers and department stores, Zales is the brother firm of Kay Jewelers. Signet declared its intention to shut down a large number of its subsidiaries. Signet announced that it would close 13% of its locations overall. Of its locations, 455 are represented by this thirteen percent. The company has 3,500 outlets nationwide, and it will close these over the course of three years to give customers time to adjust. The news became official when it made the ground-breaking announcement in the spring of 2019.
39. Zales
