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Jewelry Warehouse closes final two stores after state revokes retail license

Jewelry Warehouse closes stores

Jewelry Warehouse has closed its last two stores in the Midlands. The company faces tax liens of nearly $500,000 as well as several lawsuits claiming the company has outstanding debt.
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Jewelry Warehouse has closed its last two stores in the Midlands. The company faces tax liens of nearly $500,000 as well as several lawsuits claiming the company has outstanding debt.

Jewelry Warehouse, a landmark Midlands business for 50 years, has closed its remaining two locations in Cayce and Lexington.

The S.C. Department of Revenue said the stores’ retail licenses were revoked Thursday. Department records show tax liens against the stores totaling nearly $500,000.

In addition, Lexington County court records show there are five pending lawsuits against Jewelry Warehouse claiming outstanding debt of $260,148.

The stores were located at Parkland Plaza at 228 Knox Abbot Drive in Cayce and at 5134 Sunset Blvd. in Lexington.

The stores also hosted Garnet and Black Traditions, which specialized in University of South Carolina Gamecock gear; Tiger Paw Traditions, which marketed Clemson University Tigers gear; and Palmetto Traditions for South Carolina-themed clothing.

Stores that have been staples of the American shopping tradition for decades are closing in large numbers. Take a closer look at the reasons why it’s so hard for retailers to stay open.

In January, Jewelry Warehouse admitted in a Lexington County court filing that it owed the Lexington store’s landlord $305,112 because the store defaulted on lease payments.

A message on the Cayce store’s telephone said it has been renamed Capital Liquidation. The store was reportedly holding a “foreclosure liquidation” sale with merchandise discounted as much as 70%.

The store’s website advertised a foreclosure sale with savings of up to 70% off. But the stores were closed on Friday.

The owner of Jewelry Warehouse, Scott Satterfield, could not be reached for comment Friday.

The lawsuits include:

BB&T, filed in February, for $21,088.18 on a revolving credit account;

Lamar Cos., filed in February, for $1,950 for outdoor advertising;

Nike, filed in July 2018, for $102,733.04 in unpaid bills, interest and attorneys’ fees;

Columbia Sportswear, filed in January, for $18,983.70 in unpaid bills, interest and attorneys’ fees;

Summit Sportswear, filed in February, for $115,394.88 in unpaid bills.

A Jewelry Warehouse at 10136 Two Notch Road in northeast Richland closed in 2014, and another at 1270 Bower Parkway in Harbison closed last year.

Jeff Wilkinson has worked for The State for both too long and not long enough. He’s covered politics, city government, history, business, the military, marijuana and the Iraq War. Jeff knows the weird, wonderful and untold secrets of South Carolina. Buy him a shot and he’ll tell you all about them.
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