Friedman's to conduct going-out-of-business sales

Feb 27, 2008 | Posted by: GemGuy | Full story: jewelryblogger.com

Friedman's to conduct going-out-of-business sales A U.S. Bankruptcy Court judge approved a request on Tuesday by bankrupt jewelry store chain Friedman's to conduct store-closing sales.

Comments
1 - 10 of 10 Comments Last updated May 1, 2008
patricia

Atlanta, GA

#1 Mar 31, 2008
when are they closing?
disgusted

Columbus, GA

#3 Apr 4, 2008
Shame on corporate! Shame on the legal team and the Execs! They knew this was coming and kept their employees in the dark, even flat out lying when questions arose about liquidation. Thousands of people are out of jobs with NO warning. This the most shameful closing of a company possible. The low-end employees are the victims here...the one's that missed holidays with their families, the one's that worked on their feet 14-16 hour days, the one's that actually DID the work to make a profit for the big wigs! Under paid and over worked...and now betrayed. I hope more of the Execs are brought up on fraud! I hope they all get 25 yrs. Liars, thieves and crooks. If I had to live with knowing that I had scammed thousands of people like they did, I would throw myself out of a high-rise window...take the hint! Shame on all of you!!!
Still in amazement

Cut Off, LA

#4 Apr 6, 2008
I think that some of your points are very correct, "disgusted" - however the comment should be directed to the ones that are not there anymore. I have put over 10 years with this company and I never thought that I would see this. I can say that it really upsets me that out of the 78 stores that was bought out, I sure hope that Whitehall does their homework. My store was the one that did our job, unlike (in my area,not sure about the other stores that were saved) those are the reasons why Friedmans is out of business and their employees have their jobs.... that is what makes me even more upset at the situation. Those stores were the ones who cheated the system by doing fradulent charges to hit your bonus, scoring 50's on loss prevention audits and credit audits, having 120K dollars short in their inventory in January -- But I guess that does not matter because those people and managers still have their jobs.... All I can say is What goes around, comes around!!!! IT has to catch up with you sometime.....
cynic

Savannah, GA

#5 Apr 8, 2008
Still in amazement wrote:
I think that some of your points are very correct, "disgusted" - however the comment should be directed to the ones that are not there anymore. I have put over 10 years with this company and I never thought that I would see this. I can say that it really upsets me that out of the 78 stores that was bought out, I sure hope that Whitehall does their homework. My store was the one that did our job, unlike (in my area,not sure about the other stores that were saved) those are the reasons why Friedmans is out of business and their employees have their jobs.... that is what makes me even more upset at the situation. Those stores were the ones who cheated the system by doing fradulent charges to hit your bonus, scoring 50's on loss prevention audits and credit audits, having 120K dollars short in their inventory in January -- But I guess that does not matter because those people and managers still have their jobs.... All I can say is What goes around, comes around!!!! IT has to catch up with you sometime.....
I too worked at Friedman's but in the corporate office and was considered an "insider". I have empathy for all of the employees who lost their jobs. I resigned after several years right before the new regime took over. While Brad certainly committed misdeeds, the new management team raped the company and lined their pockets. Friedman's was a good, solid company, however, in 2000 it began its downfall. Ego, greed lured the management team and the nail in the coffin was the Sam Cusano era and those that followed. You should read another blog that details how the jury reached their verdict, written by jurors. I found it quite interesting and commend them for their due diligence. My advice to employees who were adversely effected, unfortunately, this isn't the only company go walk down that path and what goes around does indeed come around.
No better off

Bristol, TN

#6 Apr 8, 2008
I am in a store that is considered "on going". But to tell you the truth, we are no better off. We have been shut out of all communication what so ever. No one knows exactly what is gong on and who knows for sure if they will even keep us. There has been little contact from anyone and we are left to face the customers with on answers. My heart goes out to everyone. I have been with the company for 6 years now and it has been a bumpy ride. But this is sad:(
someone who cared

Savannah, GA

#7 Apr 8, 2008
No better off wrote:
I am in a store that is considered "on going". But to tell you the truth, we are no better off. We have been shut out of all communication what so ever. No one knows exactly what is gong on and who knows for sure if they will even keep us. There has been little contact from anyone and we are left to face the customers with on answers. My heart goes out to everyone. I have been with the company for 6 years now and it has been a bumpy ride. But this is sad:(
Who in management is providing direction? Have they dismissed the senior partners, regional management folks? Is there anyone in the corporate office or has that been shut down. As an aside, can you imagine how the Friedman brothers feel? You are right, this is a very sad, sad thing.
No better off

Bristol, TN

#8 Apr 9, 2008
someone who cared wrote:
<quoted text>Who in management is providing direction? Have they dismissed the senior partners, regional management folks? Is there anyone in the corporate office or has that been shut down. As an aside, can you imagine how the Friedman brothers feel? You are right, this is a very sad, sad thing.
Well we do have a district manager that is overseeing us, but honestly I think she is as in the dark as we are...Just a lot of uncertain people right now. And what do you tell a customer of 6 years when you can not repair their ring that has a warranty on it? These people trusted us.
someone who cared

Savannah, GA

#9 Apr 9, 2008
No better off wrote:
<quoted text>
Well we do have a district manager that is overseeing us, but honestly I think she is as in the dark as we are...Just a lot of uncertain people right now. And what do you tell a customer of 6 years when you can not repair their ring that has a warranty on it? These people trusted us.
Has the corporate office closed? There must be someone who can advise you on what to tell customers. How difficult it must be for you to have to face that customer, who purchased the item in good faith, that you cannot help.

Hang in there and I certainly hope they are taking care of the employees who chose to stay on through this liquidation process.
Assistant Manager FRDM VA

Cartersville, GA

#10 Apr 17, 2008
I hope all the lower level employees robb you guys blind for every piece of merchandise they can get. After all...you owe it to them. I know too many people who are getting married, have children, and depended on a strong corporate office to advise them about the closing situation. I am glad my last day was yesterday. Although I will be well off, two of my friends are going to be in a bad situation because of the closing. So FU*K U friedman's executives who screwed your people over once again. Once in 2005 and now again. So long you sorry bastards. Have a nice day. CMA.
asst mngr frdm 5511

United States

#11 May 1, 2008
Well I worked for this company and I believe that the whole way the company went about the whole thing was just down right wrong. I think that they should have not kept the employees in the dark about hte whole going out of buisness deal. So yes now we have pissed off loyal customers comming up to us a yelling at the employees. The thing that pisses me off is that they told us that we were in the good that friedmans was not going bankrupt and then a couple of days later we get signz that say shit like "GOING OUT OF BUISNESS" "STORE CLOSING" AND "EVERYTHING MUST GO." So all I want to say is that Friedmans was the worst company that i have ever worked for in my life. So BENZOLA and up yours you TUSI.

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Addison Discussions

Title Updated Last By Comments
TX Longtime GOP Texas Gov. Perry wins another term (Nov '10) 24 min brad 22,275
TX Who do you support for Governor in Texas in 2010? (Oct '10) 3 hr fubar 17,858
AT&T Premises Technician Pay?... (Oct '07) 6 hr still waiting 214 7,872
IT Recruitment Company has IT Job Openings in ... 10 hr Dallas IT Recruiter 1
Poll: Should City of Dallas Workers Live Here? 13 hr seemynewname 2
TX Who do you support for Attorney General in Texa... (Oct '10) 19 hr Gasman 663
Careers In Health Care Are Growing In The Dalla... 21 hr Liberal forever 9
•••

Addison News Video

•••
Addison Dating

more search filters

less search filters

•••

Addison Jobs

•••
Enter and win $5000
•••
•••

Addison People Search

Addresses and phone numbers for FREE

•••

Addison News, Events & Info

Click for news, events and info in Addison
•••

Personal Finance

Mortgages [ See current mortgage rates ]
•••