Cranston, R.I.–Luxury Brand Holdings has added veteran jewelry buyer Michael Schreier to its team.
LBH is the parent company of Ross-Simons and Sidney Thomas. While Ross-Simons has a 65-year history, LBH was founded in 2011 when the Sidney Thomas chain of stores opened.
Schreier will serve as LBH’s merchandise director for the fashion diamond, pearl and gemstone categories.
He’s worked 38 years in the industry, six of which were previously spent at Ross-Simons. He left in 2003 to be a jewelry buyer for SmartBargains.com, which later became RueLaLa.com, and helped to launch its designer jewelry category.
Schreier became the fine jewelry and watch buyer for BJ’s Wholesale Club in 2010. After that, he served as vice president of business development at Summit Retail Solutions Inc.
Since 2014, Schreier has worked as an independent consultant in the industry. He lives in Massachusetts with his wife and enjoys spending time with family and golfing. He also is involved in several charity organizations.
Jim Speltz, who was appointed president of LBH at the beginning of the year, said: “We are thrilled to have a merchant of Michael’s caliber join us. Michael not only brings a depth of knowledge about the jewelry industry and direct-to-consumer retailing, he also understands the Ross-Simons DNA from his previous tenure with us.”
Ross-Simons was tied for No. 41 on the Top 50 Retail Jewelry Chains list in National Jeweler’s 2016 State of the Majors issue, with 12 stores as of the end of 2015. It also appeared at No. 17 on the $100 Million Supersellers list.