MONTICELLO, Ill. (WCIA) -- After 21 years, a jewelry store is closing its doors. Pearls and More Jewelry broke the news on their Facebook page.
Owner Bill Haworth says online competition and his age played a role in his decision. He says he doesn't have a closing date set in stone, but he'd like to be closed by end of next month. Customers who shop there say they're sad to see the store go.
"They have wonderful jewelry. You can't beat the prices on them."
Haworth says it's sad for him, too.
"We just felt that now's the time. We've been in business for in 21 years. ... It's a pretty hard decision to make."
But he says he's approaching retirement, and business isn't booming like it used to.
"Part of it has to do with the financial situation. People are moving to Internet now instead of shopping in brick and mortar stores, so it's a little but more difficult to keep a brick and mortar store open."
The numbers back him up. They show brick and mortar stores are closing at a record pace. One firm predicts nearly 9,000 across the country will close in 2017. About 2,000 closed last year, and 5,000 more the year before that. The next worst year on record was 2008, when more than 6,000 stores closed.
For more information and updates about Pearls and More Jewelry's closure, you can visit their Facebook page.
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