Eugene based Harry Ritchie's Jewelers will close 10 stores throughout the Northwest, including here in Medford.
The closures affect several locations in Southern Oregon and Northern California.
Some 50 people with the company will be out of a job.
Officials made the announcement yesterday and said they're restructuring in order to remain healthy.
Harry Ritchie's will operate only 20 stores once restructuring is complete.
The closing stores are expected to remain open through the end of this year.