New Owner For Pennachio Jewelers

Pennachio Jewelers, located in Eric Town Square, has changed hands.

Tracey Pennachio and her husband, Ron, have retired from the business after 10 years, and have moved to South Carolina. The new owner, Deb Gozzo, said the time was simply right to have her own store, after an extensive retail career.

Gozzo had previously interviewed with the Pennachios, but didn't come to an agreement. She then worked at Bill Selig Jewelers and Lux, Bond and Green in West Hartford, as well as Michael's Jewelers.

This past September, she decided she needed to be on her own, and that coincided with the Pennachios looking to sell.

"I contacted Tracey, had a lot of conversations with her, and then Ron," she said, adding that the process, including getting a business loan, took about two months.

Gozzo began her retail career at age 13, when her parents sent her to work at her aunt and uncle's store in Kennebunkport, Maine, to break her out of her shyness. At 16, she worked for Sage Allen, in Hartford.

She soon went to Tunxis Community College to get an associate's degree in marketing, management, and fashion merchandising and became one of Sage Allen's youngest buyers at age 20.

She has also worked for Ames, Weathervane, and a stuffed animal company, as well as having been a stay-at-home mom.

"I think that I can bring a lot to this store, and the community here," Gozzo said, at a ribbon cutting on Dec. 19, with the CT River Valley Chamber of Commerce. "I'm looking forward to working with the chamber."

Gozzo said she likes the store and the location, but also likes the business model her predecessors had, including a price point for everyone.

"Anyone can shop for any price point," she said. "I think it's important to keep that."

Gozzo plans to keep most everything else the same, including the staff. There might be some small changes in the near future.

"After the holidays, I really need to take a look and see. There are a couple of lines that I've noticed are not doing well. Then we'll look at other lines that maybe we want to get in here, but sticking with the same price points."

In the future, Gozzo said she may consider online shopping, something Pennachio's hasn't done.

For more information, visit www.pennachiojewelers.com.

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