Welcome to Hannoush Jewelers
Press Release
For Hannoushes, Every Day a
Jewel

Staff photo by Christopher Evans, Courtesy of
Sunday Republican, June 27, 2004.
Camile A. Hannoush, left, his daughter,
DeAnna C. Hannoush, his niece Therese Hannoush and
brother-in-law Rick F. McCaslin stand behind the counter at
Hannoush Jewelers at the Holyoke Mall at Ingleside last week.
By Kenneth L. Ross
Hannoush Jewelers could
create a new holiday - Family Day - and then design the baubles
that would make perfect gifts for the occasion.
Actually, every day is family
day at the West Springfield based jewelry retail chain and
manufacturer. The company is operated by eight Hannoush
brothers, whose business has grown from one store in 1980 to 53
company-owned and 20 franchise outlets today.
Each of the brothers has his
own specialty.
Elias, the eldest, operates
two stores in Albany, NY., area. Joseph works with stores in the
field. Anthony oversees new construction and store remolding.
Norman is treasurer. Peter handles diamond importing. George
handles the watch department and is involved in field
operations. Camile is in charge of merchandising and
franchising. Nabil is the gold buyer and handles human
relations.
"Our mother (Souad) handles
all of us," laughed Camile Hannoush. "Sundays we're at my
mother's. We all live in the same area. We spend a lot of time
together."
The family emigrated in 1971
from Lebanon to Lawrence, where an aunt lived. They moved to the
Springfield area in the mid-1970s and opened their first store -
a location in Fairfield Mall that no longer exists - in Chicopee
in 1980. The brother's father, Abdullah Hannoush, who died in
1985, was a carpenter who built the display cases for the first
four Hannoush stores.
Camile Hannoush said the
company makes about 95 percent of the jewelry it sells. It
manufacturers most items in Montreal, but it repairs and makes
custom items at its Capital Drive facility in West Springfield.
The company employs about 600 people in all phases of its
operations. Franchises employ another 100 or so.
Most Hannoush stores are in the Northeast, but
it acquired a chain of stores in Kansas, Missouri and Ohio, and
it's looking to expand further in Florida.
"Right now we're concentrating on growth in
the Northeast and we're looking at Florida," Camile Hannoush
said. "We purchased a company about four years ago in the
Midwest. We're not looking to aggressively grow there. We're
looking at the southern part of the country. We have two stores
in Florida and we hope to add more."
Many of the Hannoush stores are in malls, but
as the company's name recognition grows, it is building more
freestanding stores.
We're in every mall in Western Mass. -
Holyoke, Eastfield Mall, Tower Square, Enfield, Hampshire Mall,
Berkshire Mall," Camile Hannoush said.
"We're opening more freestanding stores on
busy strips in New England. We have the name recognition now, so
people will stop and go in. At one time we couldn't do that.
We're looking at more of that kind of opening."
It also has an online presence at
www.Hannoush-Jewelers.com. He said the company doesn't
single out any one market.
"We try to cater to everyone. We don't look
for anyone in particular. The product that we carry is
better-quality product, so it focuses more on people who want to
spend a little bit more and get a better product."
He said the competition is "everyone who sells
jewelry, everyone who sells fur coats, or cars or vacations."
The company has always been profitable, but
business does get more challenging in tough economic times,
Camile Hannoush said.
"It's always been a challenge, It gets more
and more challenging as you get online shopping and more stores
opening up, but we've been fortunate that business has been
steady and always growing."
Norman Hannoush added: "When the economy gets
tough, the customer gets careful about what he or she wants to
spend. So they want to go after quality at the best price. As
the economy gets tougher you start shopping more, become more
discriminating. That's been part of our success."
Hannoush manufactures the gamut of jewelry
products that it sells, although it buys watches, gold chains
and earrings from outside suppliers.
"Diamond jewelry, stone jewelry, gold jewelry.
Customized jewelry. You name it, we'll make it," Camile Hannoush
said. We'll custom make anything for anyone. There aren't many
jewelry chains out there that will work with custom work. That's
one of our niches."
It settled on Montreal as a manufacturing
location because of the pool of skilled labor in that Canadian
city, so it was easier to fid skilled jewelry craftsmen there
than in Western Massachusetts. Joseph Hannoush also knew the
area because in-laws and other relatives lived in Montreal.
Joseph and Elias Hannoush were apprentice
jewelry makers in Lebanon, which is how they got the business
here. They started doing jewelry repair in Lawrence and later
did repairs for Kay Jewelers, who wanted them to be near a Kay
store in Western Massachusetts.
They settled on Springfield because of St.
Anthony's Maronite church here. The family is active in the
church.
The Hannoushes did repairs for Kay out of
Eastfield Mall for several years before going into the retail
and manufacturing business for themselves.
"We worked for Kay, doing their restyling
events up and down the East Coast," Camile Hannoush said. "After
we opened in Chicopee we continued doing work for Kay. Once we
opened in Holyoke and Westfarms we left Kay."
The Hannoush brothers keep an open mind about
expansion. "We've always been happy with what we've had, but we
try to take advantages of opportunities when they come," Camile
Hannoush said.
"do we want to grow? Yes, but if we don't have
opportunities in front of us we don't have to grow. We don' have
a planned agenda where we have to grow by 20 stores or 30 stores
or 50 stores. Tomorrow we may have an offer on the table where
we can buy somebody with 100 or 500 stores. Or we may not do
another store for 10 years."
He said the next generation, which numbers 33,
is slowly coming into the business.
"We have five or six who work full time now,
the rest will work part time," Camile Hannoush said. "Then by
the time they graduate from school and college, they'll know if
it's something they want to do. It seems that they mostly like
it. They work everywhere, in the stores, in the office. We try
to teach them every aspect of the business so we can see what
their niche is, what they're going to be good at." |