After more than four decades at 113 King Street, Silver Parrot Jewelry is closing by the end of the year — or as soon as the shop sells out of its heavily discounted merchandise.
Store manager Megan Vail told ALXnow that the decision was made when the landlord doubled the rent. She says store owner Peter Dunn hasn’t been able to find a new location for years, and instead the business is looking to liquidate its existing stock.
“The landlord always negotiated in the past,but not this time,” Vail said. “We also rent the store next door and sublet it to the America! store, which left a while ago, and now we suspect that someone came in and made an offer for both spots.”
All jewelry at the Silver Parrot is marked 25% to 50% off. The shop carries silver jewelry from around the world, ranging in price from $20 for silver earrings to $3,200 for intricate necklaces inlaid with colorful stones.
“We’ve been very busy this week,” Vail said. “If it stays like this we may not last all through the holidays with the stock that we have.”
The Silver Parrot is open Sunday through Thursday from 11 a.m. to 7 p.m. and on Friday and Saturday from 10 a.m. to 9 p.m.
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