RHINELANDER - A Rhinelander retail store will close at the end of the year. Golden Karat Jewelers has been in the city for more than 25 years. The company's Minocqua store will stay open. Golden Karat's owners say the jewelry business, and Northwoods retail in general, has changed over the years.
"We walked into a local banker, right here in town here. Told him our idea. And they loaned us the money," said Golden Karat Jewelers Co-owner Tom Michaels.
Michaels and Phil Root's idea was to open a gift shop in downtown Rhinelander. It opened in 1976.
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