Kay Jewelers rings to close shop after 1 year

Kay Jewelership, a small jewelry chain that had opened in Seattle, will close its Seattle store after 1 1/2 years.

The company said in a statement that it would continue to sell jewelry and accessories.

“After an extensive review of our business, we have made the difficult decision to close Kay Jewelery,” Kay Jewelry President John Osterhout said in the statement.

Kay Jewelers said in its statement that the store had experienced declining sales and had struggled to maintain its profitability, citing a recent reduction in customer purchases.

It added that the company was focused on other opportunities in the Seattle area.

In August, Kay Jewelering closed a small business in the South of Market neighborhood in downtown Seattle after a five-year run.

 In November, Kay, which had its Seattle headquarters in the Pearl District, announced it was shutting down its Seattle branch in order to focus on other business in Oregon.

That move came after Kay said it was considering closing stores in the Portland area.