Lezlie Sterling / Sacramento Bee file

Ted Grebitus of Grebitus & Sons Fine Jewelers, shown in 2003, said his family is closing its downtown store and moving to its Fair Oaks Boulevard location. “It’s just a natural fit and really made sense for us to be in that larger store,” he said.

Grebitus & Sons Fine Jewelers plans to leave downtown Sacramento this fall

Published: Friday, Aug. 8, 2014 - 3:05 pm

This fall, the Grebitus family-run jewelry store will end a downtown Sacramento presence dating back to the presidential administration of Calvin Coolidge.

Grebitus & Sons Fine Jewelers, a third-generation family business started in 1926, plans to close its downtown store at 10th and L streets in October and consolidate operations at its store in Lyon Village Shopping Center.

Company President Ted Grebitus said Friday that the move was not a result of poor sales at its downtown location, which is across from the state Capitol, but part of a long-contemplated move into its larger space at 2580 Fair Oaks Blvd.

Noting that the company’s jewelers and watch-repair specialists already work at the Lyon Village site, Grebitus said, “It’s just a natural fit and really made sense for us to be in that larger store.”

He said the four employees at the downtown store will transfer to the Fair Oaks Boulevard location. In December 2012, the company opened a store at Palladio at the Broadstone shopping complex in Folsom. That store will remain open.

The original Grebitus jewelry store opened in 1926 in a second-floor shop above Ninth and K streets in Sacramento. Before moving to its current downtown location, Grebitus operated a store in Downtown Plaza, in a part of the mall that is being knocked down to make way for the new Sacramento Kings arena.

“We are very sorry to see them go … just the loss of Grebitus and their reputation. They’re iconic in terms of what this community thinks of in terms of good, quality jewelry,” said Michael Ault, executive director of the Downtown Sacramento Partnership. “They’ve been good partners with the city and our organization.”

Ault said the store’s departure likely will not have a major impact “in the overall scheme of the retail mix downtown.” Citing the “momentum” being created by the new arena, Ault said he was confident that the city would quickly fill the space vacated by the jeweler.

“What you’re hearing from (Grebitus) clearly is the advantages they will have when they consolidate. Things have changed in the way retail is sold, so for a lot of reasons, this makes sense for them.”

Grebitus repeatedly praised his relationship with Sacramento officials, saying they long supported the family business through multiple moves and changes: “The city of Sacramento has been working with us since the mid-1970s. … No family business can survive without the help of city government … . We’re still big Kings fans, and we’ll keep our interest in downtown.”

He said the main impetus for the move was to consolidate the company’s inventory of upscale jewelry, watches and giftware at the 5,000-square-foot Lyon Village location. “Our downtown store was the smallest ever, and a lot of our customers do their shopping in (the Lyon Village store). … Now that the economy is improving, it’s an exciting time for us and our customers. We feel that by consolidating, we can make a better store.”

Grebitus said he anticipates holding a pre-closing sale at the downtown store, which has a lease that expires in October.

Call The Bee’s Mark Glover, (916) 321-1184.

Read more articles by Mark Glover

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