Los Angeles-Based Jewelry Retailer Primetime Shopping Network Files for Chapter 7 Bankruptcy

The company cited declining revenue and over $850,000 in liabilities as reasons for the bankruptcy filing.

Jan. 27, 2026 at 12:15pm

Got story updates? Submit your updates here. ›

Primetime Shopping Network Inc., a Los Angeles-based jewelry retailer, has filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Central District of California. The company reported declining revenue, with $13,500 in 2025 and $97,250 in 2024, leading to the bankruptcy filing on January 23, 2026. Primetime Shopping Network listed total assets of only $31.43 and estimated liabilities of $850,000, including major unsecured creditors and ongoing litigation.

Why it matters

The bankruptcy of Primetime Shopping Network, a long-standing jewelry retailer in the Los Angeles area, highlights the challenges facing brick-and-mortar retailers in the face of changing consumer preferences and the rise of e-commerce. The company's decline underscores the need for traditional retailers to adapt their business models to remain competitive in the modern retail landscape.

The details

Primetime Shopping Network Inc. filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division. The company reported no revenue in 2026 prior to filing, $13,500 in 2025, and $97,250 in 2024, indicating a steep decline in operations. The bankruptcy petition lists total assets of only $31.43, with no real property, inventory, intellectual property, or equipment. Liabilities are estimated at $850,000, with major unsecured creditors including Fundamental Capital LLC and Donald Gruenberg Inc. The filing also notes ongoing litigation in Nassau County Supreme Court, New York, regarding an alleged breach of contract.

  • Primetime Shopping Network Inc. filed for Chapter 7 bankruptcy on January 23, 2026.
  • The company reported no revenue in 2026 prior to filing, $13,500 in 2025, and $97,250 in 2024.

The players

Primetime Shopping Network Inc.

A Los Angeles-based jewelry retailer that specialized in high-end designer, estate, and modern jewelry, offering repair and maintenance services. The company has operated for over three decades, serving a loyal customer base.

John Anthony Jackels

The CEO and owner of Primetime Shopping Network Inc.

Fundamental Capital LLC

A major unsecured creditor of Primetime Shopping Network Inc.

Donald Gruenberg Inc.

A major unsecured creditor of Primetime Shopping Network Inc.

Got photos? Submit your photos here. ›

What’s next

The judge in the bankruptcy case will determine the next steps, including the potential liquidation of Primetime Shopping Network's assets to pay off creditors.

The takeaway

The bankruptcy of Primetime Shopping Network, a long-standing jewelry retailer in Los Angeles, highlights the challenges facing traditional brick-and-mortar retailers in the face of changing consumer preferences and the rise of e-commerce. This case underscores the need for retailers to adapt their business models to remain competitive in the modern retail landscape.