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Zale obit
Former Zales Vice Chairman Marvin Zale Dies
Marvin Zale, son of Zales founder Morris Zale, and former vice chairman of the jeweler, has died at 89. Born in Texas in 1930, Zale grew up in his father’s jewelrybusiness, which was established in 1924. He began his...
Retail Oct 17, 2019 Rapaport News
Matt Perosi
Diversity: A Business Opportunity
Having a workforce that is more diverse not only makes goodbusiness sense, it makes good economic sense. Companies with a more inclusiveemployee base — i.e., a greater proportion of women and ethnically/culturallydiverse individuals — are more competitive in the...
Polished Markets Oct 15, 2019 Deborah Yonick
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
Kay Jewelers 150
Judge Calls Out Signet over Suit Dispute
A New York judge has refused to back down after ruling that Signet Jewelers’ comments about the sexual-harassment claims it was facing could be part of a class-action suit against the retailer.On July 10, Judge Colleen...
Retail Jul 17, 2019 Rapaport News
Image: A Kay Jewelers store in New Jersey. (Shutte
Signet Revenue Drops in First Quarter
Signet Jewelers has lowered its sales outlook for the restof the year, after revenue fell in the first fiscal quarter. Total sales declined 3.3% to $1.43 billion in the threemonths ending May 4, the...
Retail Jun 06, 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
Signet
Signet Holiday Revenues Disappoint
Signet Jewelers’ sales fell during the holiday season, prompting the retailer to lower its full-year outlook. Total revenue dropped 2.5% to $1.84 billion for the nine weeks ending January 5, while same-store sales...
Retail Jan 17, 2019 Rapaport News
Zales lawsuit
Zales Faces Suit over Jewelry Repair Plan
Zales Jewelers is embroiled in a dispute with a customerover whether the repair program that came with his diamond ring covered thesetting, or just the stone. Gordon Henry Lovette has sued the Signet Jewelers-owned retailer,claiming...
Financial-Legal Dec 11, 2018 Leah Meirovich
Signet results
Signet Loss Prompts Share Sell-Off
Signet Jewelers’ shares slumped 14% in early trading Thursday after the retailer reported a deeper loss, even as sales grew.The retailer’s net loss intensified to $38.1 million from $12.1 million a year ago due to higher...
Retail Dec 06, 2018 Rapaport News
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
drosos at signet
Signet Open to Selling Lab-Grown
Signet Jewelers will consider selling synthetic diamonds at its stores if consumer demand justifies such a move, CEO Gina Drosos said in a conference call with analysts. “We are very closely monitoring and assessing the...
Retail Sep 06, 2018 Rapaport News
Signet - Jared
Product Overhaul Drives Signet Growth
Signet Jewelers raised its outlook for the year afterproduct initiatives and clearance sales drove revenue growth in the secondfiscal quarter. Sales increased 1.5% to $1.42 billion in the three monthsending August 4, the retailer...
Retail Aug 30, 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
Zales Signet 150 031418
Signet to Shut 200 Stores After Sales Disappoint
Signet Jewelers has unveiled a three-year plan for returningthe company to growth, after sales slid last year.The retailer, whose brands include KayJewelers, Zales and Jared, aims to close more than 200 stores by February2019...
Retail Mar 14, 2018 Rapaport News
Zales 150
Jeweler Sues Zales over Google Results
A jeweler in Idaho has sued Zales, claiming the retailerused its name in online advertisements to redirect customers to zales.com.During the November 2016 Black Friday season, Googlesearches for Jensen Jewelers returned a paid result at the top...
Retail Feb 05, 2018 Rapaport News
Signet Shakes Up Internal Structure 150
Signet Shakes Up Internal Structure
Signet will implement a new organizational structurecomprising two separate reporting lines that will both answer topresident and chief customer officer Seb Hobbs (pictured). The move is intended to strengthen Signet’s efforts to“drive profitable...
Retail Jan 24, 2018 Rapaport News
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