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Signet Jared box 150
Signet Adjusts Outlook as Sales Decline
Signet Jewelers has modified its full-year sales guidance forthe second time, following a drop in revenue in the three months ending August 3.Group sales fell 3.9% to $1.36 billion in the second fiscal quarter, the...
Retail Sep 05, 2019 Rapaport News
Signet Kay Jewelers 150
Signet Implements More Job Cuts
Signet Jewelers is laying off an undisclosed number of employeesfrom its Ohio and Dallas locations, after it failed to find enough interest ina voluntary exit package it offered workers. The cuts are part of a cost-saving effort the...
Retail Apr 22, 2019 Rapaport News
Signet
Weak Holidays Dampen Signet’s Year
Sales at Signet Jewelers fell last year as demand tailed off during a disappointing holiday season. Same-store sales — at branches open for a year — slipped0.1% for the fiscal year ending February 2, while total revenue also...
Retail Apr 03, 2019 Rapaport News
Signet
Signet to Shut Dallas Production Site
More than 100 Signet Jewelers employees will lose their jobsamid the closing of the company’s Texas-based manufacturing facility. The closure is part of a long-term effort by the Zales,Jared and Kay owner to cut costs and...
Retail Apr 02, 2019 Rapaport News
Signet
Signet Hires New Financial Chief
Signet Jewelers has appointed Joan Hilson chief financialofficer, as part of an effort to strengthen its leadership team. The former David’s Bridal executive — who also managed finances forAmerican Eagle Outfitters and Victoria’s Secret — will...
Retail Mar 13, 2019 Rapaport News
Signet
Signet Offers Employees Voluntary Exit Packages
Signet Jewelers is offering employees at its Ohioheadquarters benefits and assistance to leave the company voluntarily, in aneffort to reduce costs. The Voluntary Transition Program (VTP) is available tosupport-center and field team members at the district-manager level...
Retail Feb 25, 2019 Rapaport News
Top 10 2018 montage
Top 10 Stories of 2018: A Year of Synthetics
This was the year in which synthetic diamonds wentmainstream. De Beers launched its Lightbox brand, the US Federal TradeCommission (FTC) relaxed its rules for describing lab-grown diamonds, andthe likes of Macy’s and JCPenney started...
Polished Markets Dec 18, 2018 Joshua Freedman
Signet breach
Signet Fixes Data Issue at Kay, Jared
Signet Jewelers has repaired a configuration bug on theorder pages of subsidiaries Kay and Jared that accidentally exposed the personalinformation of customers who purchased online. A Jared customer contacted Signet last month after noting hecould...
Retail Dec 05, 2018 Rapaport News
Tiffany
Diamond Brands Shun Traditional Holiday Ads
Diamond advertising has well and truly departed fromtraditional styles, this year’s holiday commercials suggest. Gone are the daysof the De Beers campaigns targeting men buying a diamond for his fiancée.The major retailers...
Retail Dec 05, 2018 Leah Meirovich
Signet gold mining
Signet Offers First ‘Conflict-Free’ DRC Gold
The Democratic Republic of Congo (DRC) has exportedconflict-free artisanal gold to the US jewelry market for the first time,according to groups involved in the project. The metal from the South Kivu province has gone on sale...
Mining Oct 28, 2018 Rapaport News
Kay update.
Happy Ending in Kay Jewelers ‘Stolen Rings’ Case
Kay Jewelers has located and returned the missing rings of awoman who accused the store of stealing her jewelry in a viral Facebook post. In her September 28 post, Requitta Darshae East said thatthree months after...
Retail Oct 09, 2018 Rapaport News
Signet 150
E-Commerce Drives Signet Sales Jump
Signet Jewelers’ sales jumped in the first fiscal quarter,boosted by income from recent acquisition James Allen.Group sales grew 5.5% year on year to $1.48 billion in thethree months ending May 5, the retailer said Wednesday. Revenue...
Retail Jun 06, 2018 Rapaport News
Alex and Ani Files Counterclaims Against Sterling
Alex and Ani Returns Sterling’s Volley
Alex and Anihas filed a countersuit against Sterling Jewelers, claiming the retailer breached a supply agreement between the two companies, according to court filings.In August 2015, the companies entered into anagreement whereby Sterling...
Retail Feb 12, 2018 Rapaport News
Jared Signet
Signet’s Brands Lose Popularity Among Women
Recent publicity over sexual-harassment allegations againstSignet Jewelers may be a factor in the recent slide in the attitude of women towardthe company’s brands, according to YouGov BrandIndex.In the past year, Signet’s brandperception has fallen, as has its...
Retail Dec 19, 2017 Rapaport News
Kay Jewelers Signet
Signet Cuts Forecast as Hurricanes Hurt Sales
Signet Jewelers’ sales fell in the third fiscal quarter dueto hurricanes in the US and disruptions related to changes in the retailer’scredit services.Group sales slipped 2.5% and same-store sales — at outletsopen for at least a year — dropped 5% in the...
Retail Nov 21, 2017 Rapaport News
Mark Light Signet
Signet Blames Short Sellers for 'Targeted' Campaign
Signet Jewelers chief executive officer Mark Light hit outat short sellers who he claimed launched a “targeted attack” to drag down thediamond retailer’s share price, Bloomberg reported.Signet stock plummeted more than 20 percent since...
Retail Jun 16, 2016 Rapaport News
Kay
Lawyers Target Signet Over Share Price Slump
Signet Jewelers is facing potential class actions initiatedin the past two weeks by three law firms which allege the retailer may be inviolation of federal securities laws. Despite the controversy, Nomuramaintained its buy rating...
Retail Jun 14, 2016 Rapaport News
kay
Signet Refutes Allegations of ‘Diamond Swapping’
Signet Jewelers denied allegations that its employees“systematically” switch more expensive diamonds for lower-quality gems followingclaims the jeweler repeatedly engaged in diamond “swapping.”Signet shares slumped 19 percent between May 25 and the market close...
Retail Jun 05, 2016 Rapaport News
Signet Jewelers
Signet’s 5% Jump in Holiday Sales Underpins Higher 4Q Revenue Guidance
SignetJewelers reported holiday-season group sales rose 5 percent year-on-year to$1.95 billion in 2015, driven by successacross strategic store brands, merchandise categories and selling channels.A stronger result helped the company to improve its revenue guidance...
Retail Jan 07, 2016 Rapaport News
kay
Signet's 2Q Sales +39%, Profit -14% to $58M
Signet Jewelers reported that sales rose 39.3 percent year on year to $1.23 billion during the second quarter that ended on August 2, which was the first reporting cycle following the acquisition of Zale Corporation...
Financial-Legal Aug 28, 2014 Jeff Miller
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