4.16.12

Haggar Announces New Leadership

 

3.19.12

BJA Auctions Antique

& Estate Jewelry

 

2.28.12

Final Phase of Continental GOB Sale

 

11.29,11

Continental Jewelry Closing in Tampa

 

11.15.11

Unico Designs

the look to hold Two-Store retirement

 

3.2.11

Surya Capital in Association with BJA Purchase Robbins Diamonds Inventory

 

11.11.10

Jewelers Could Have

A Happier Holiday This Year

 

8.23.10

Maharaja's Loses Beachfront Store

as Oil Wary Tourists Avoid the Gulf

 

7.28.10

Buxbaum Group Relocates

 

6.29.10

Michael Lebowitz Joins

Buxbaum Jewelry Advisors

 

6.21.10

Lisa Ketrick Joins

Buxbaum Jewelry Advisors

 

5.14.10

Gold-Buying Helps Jewelers

Weather Great Recession

 

3.29.10

Buxbaum Jewelry Advisors

Helps Hoff Family Jewelers

 

1.12.10

Rapid Sale of $1.5 M Inventory Shows  Demand for Value Jewelry

 

6.18.09

Highly successful sale for

Henricks Jewelers Bonita Springs

 

5.06.09

M.J. Christensen Plans To

Reopen Under New Name

 

5.04.09

Filene's Basement Files

For Chapter 11

 

4.29.09

M.J. Christensen

Store Closing

 

4.23.09

Reviewing All 'Available

Business Options’ for Filene's

 

3.24.09

Jewelry Superstore Offers

Huge Discounts In

Going Out Of Business Sale

 

11.26.08

Retailers to Shout 'Value!' from the Rooftops This Holiday Season

 

9.24.08

Buxbaum Forms Wholesale, Retail

Jewelry Liquidation Venture

 

7.21.08

Toys, Games, and Collectibles

Offered at Huge Discounts

 

7.17.08

Dismal Consumer Confidence

Undermines 'Immunity'

of Luxury Retail

 

7.17.08

Gigantic Inventory Clearance Sale

Makes Dream Kitchens A Reality

 

3.12.08

Western Wear Chains Offering Huge Savings at Special Inventory Sale

 

11.05.07

Shoppers Can Expect Quick Holiday  Bargains As Worried Retailers Cut Prices

 

10.24.07

Rosslyn Hotel Renovation

into Affordable and

Market-Rate Housing

 

9.10.07

Retailers's Shift Away

from Purchasing Contracts

 

7.09.07

Buxbaum Group Relocates

to Agoura Hills, CA

 

5.03.07

Downturn Means Uncertainty For

New Breed of Asset-Based Lenders

 

2.22.07

Collectors Art

Going-Out-of-Business Sale

 

11.02.06

Buxbaum Group Announces Senior Executive Changes

 

10.23.06

What Will the Holiday Season Bring

 

10.18.06

Marcos and York Join Buxbaum Group

Asset Appraisal Group

 

4.12.06

Acquisition of Honduran Factory to

Help Indosheen Regain Prominence

 

1.03.06

Buxbaum Group Readies

Indosheen for More Growth

 

11.09.05

 Confirmation Hearing on

Waterman Reorganization

 

10.25.05

Buxbaum Group

Gets Gramicci

Back On Track

 

10.20.05

Buxbaum Group the Key to

Sale of Rampage

 

2.17.04
Buxbaum Group Inventory
Appraisals Hit $5.0 Bil.
in 2003

 

1.7.04
David Buxbaum Named to Local
Airport and Hospital Boards

 

12.24.03

Right Start Stores Now in
Liquidation Mode, As Court
Rejects Offer On Business


12.9.03
Buxbaum Group Inventory
Appraisals Exceed $3.5 Bil.
on Target to Reach $5.0 Bil.
for 2003

 

12.4.03
Inventory Clearance Sales
Begin in All 142 FAO Schwarz,
Zany Brainy, and the
Right Start Stores

 

3.27.03
Buxbaum Group Appraised
Approx. $4.0 Billion
in Inventories in 2002

 

2.28.03
Court Approves GOB Sales
For Troutman's Emporium;
Buxbaum Group, Others
to Run Liquidation

 

 

 

SECOND JEWELRY SUPERSTORE IN TAMPA SET TO CLOSE THIS SPRING JUST AHEAD OF REPUBLICAN CONVENTION, UNDERSCORING AREA’S ECONOMIC CHALLENGES - Continental Jewelry enters final phase of G-O-B sale with ‘unprecedented’ prices

TAMPA, Fla. (2/28/12) – The final phase of Continental Jewelry’s going-out-of-business sale starts today, with discounts of 60% to 80% and more on rings, necklaces, pendants, bracelets, diamond fashion jewelry, rubies, sapphires, emeralds and other precious stones. With a total retail value of about $5 million, the entire inventory must be sold by May, when the superstore at 405 N. Westshore Blvd. will become the second freestanding jewelry store in Tampa to close its doors this year.

“First it was Avant Gold Jewelers on Dale Mabry Highway, and now venerable Continental Jewelry joins the growing list of local retail stores that have been forced to go out of business—just as Tampa prepares to host the 2012 Republican National Convention,” said Steven Buxbaum, president of Agoura Hills, Calif.-based Buxbaum Jewelry Advisors, the firm conducting the sale. “It is a sign of the times, not only for independent jewelry stores like Continental, but also for Tampa’s economy.”

Started in an office building by two brothers back in 1982, Continental Jewelry grew into one of the largest freestanding jewelry stores in the Tampa Bay area. “It became well-known, in particular, for its unmatched selection of loose diamonds,” Buxbaum said. “For decades, Continental was a destination-of-choice for couples looking to buy engagement rings or gifts of fine jewelry.”

Unfortunately, jewelers’ destination stores have struggled to attract customers amid the hard economic times that began with the 2008 housing collapse and the Wall Street meltdown. “The last few years—marked by challenges such as the recession, global economic instability, high gas prices and ecommerce—have translated into extreme pressure for sellers of discretionary items like jewelry,” Buxbaum said. “While Tampa has enjoyed a bump from free-spending Brazilian tourists, it has yet to fully recover. It’s sad to see a local icon pass away.”

Given all of the above dynamics, prices at Continental’s 7,500-sq.-ft. superstore are now so low as to be unprecedented, Buxbaum noted. “In some cases, we’re talking about the bare value of the stones and the precious metals themselves,” he said. “Better yet, this store still has an incredible selection of merchandise—literally thousands of engagement, wedding and other diamond rings, precious stones, and fine jewelry pieces. In particular, Continental’s huge collection of loose diamonds is being offered at the lowest prices in the Tampa Bay area.”

That vast selection can be traced to Continental’s roots in the wholesale business. “The inventory was so rich that major insurance companies often contacted Continental whenever they needed help replacing the lost or stolen jewelry of policy holders,” Buxbaum explained. “Between the pricing and selection, whether you’re an investor or a jewelry aficionado, this sale represents an extraordinary opportunity.”

Store hours for the event are 10 a.m. to 6:00 p.m., Monday through Friday; 10 a.m. to 5:00 p.m. on Saturday, and from 11:00 a.m. to 5 p.m. on Sunday. Cash and major credit cards are accepted.

About Buxbaum Jewelry Advisors/Buxbaum Group - Buxbaum Jewelry Advisors has assembled a team of jewelry professionals that have provided wholesale and retail jewelers with financial solutions for more than 20 years. It offers a wide range of services and can meet the needs of both financially distressed and profitable jewelry retailers and wholesalers. It is an affiliate of Agoura Hills, Calif.-based Buxbaum Group, which has built its reputation for over 30 years as one of the largest liquidators and appraisers of retail and wholesale inventories across North America.

Press Contacts: At Buxbaum Jewelry Advisors, Stevan Buxbaum, (612) 363-6517; at Parness & Associates Public Relations, Lisa Kreda or Bill Parness, (732) 290-0121, parnespr@optonline.net.

Buxbaum Group, Appraisals, Appraisers, Asset Appraisal, Asset Recovery, Inventory Appraisals, Wholesale Inventory Appraisals, Retail Inventory Appraisals, Liquidations, Liquidators, Going Out of Business Sales, Special Event Sales, Turnaround Management, Paul Buxbaum, Stevan Buxbaum, Scott Rusczyk, Jim Siebersma, Chris York, John Marcos, Arnold Rubenstein, David Buxbaum, Steve Buxbaum, buxbaumgroup.com, buxtrade.com, buxbaumjewelry.com, buxbaum.com