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Signet masks 150
Signet Requiring Customers to Wear Masks in Stores
Signet Jewelers has extended its face-mask policy, which had previously applied only to employees, to include customers as well.The jeweler will offer disposable masks to any shoppers who don’t have one with them, it said...
Retail Aug 19, 2020 Rapaport News
Signet
Signet Lays Off Some Furloughed Employees
Some Signet Jewelers team members will not return from furlough after the company restructured its store operations during the Covid-19 shutdown.The jeweler has recalled most of its furloughed employees, but has...
Retail Jul 22, 2020 Rapaport News
Tiffany store NY 150
US Jewelry Stores Begin Reopening
US jewelers have restarted business in many states following a more than two-month shutdown to stem the spread of Covid-19.Signet banner Kay Jewelers has opened nearly 120 stores across the country, while business has resumed...
Retail May 26, 2020 Rapaport News
Zales store in Wesley Chapel, Florida
Strong Holiday Lifts Signet to 4Q Profit
Signet Jewelers returned to profit in the fourth fiscal quarter and recorded growth in same-store sales, as the company’s turnaround plan appeared to be working before the coronavirus crisis hit.The retailer reported net income of $187.1 million...
Retail Mar 26, 2020 Rapaport News
Kay Jewelers store Bethesda
Signet Closing All Stores in US, Canada
Signet Jewelers is shutting all its stores in North America due to the coronavirus, a company spokesperson confirmed with Rapaport News.The temporary closure goes into effect at the close of business on Sunday, the spokesperson said. It applies...
Retail Mar 22, 2020 Joshua Freedman
The Knot
Couples Shelling Out More on Engagement Rings
US couples spent 4% more on engagement rings in 2019, according to a survey by wedding resource The Knot.Consumers that took part in the study paid approximately $5,900 on average for their engagement ring in 2019, versus $5,680 the previous...
Polished Markets Feb 23, 2020 Rapaport News
Signet Kay
Signet Takes Hit Following Wells Fargo Report
Signet Jewelers is losing market share to competitors and faces risks from its credit operations, according to an analyst’s report that sent the retailer’s stock tumbling.Ike Boruchow, senior analyst at Wells Fargo, raised concerns that...
Retail Jan 08, 2020 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
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
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
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
Kay Jewelers ring
Woman Says Kay Jewelers Stole Her Ring
A woman has accused Kay Jewelers of stealing her diamondengagement ring in a Facebook post that went viral and led to many readers respondingwith critical reports of its customer service. Requitta Darshae East brought her engagement...
Retail Oct 08, 2018 Rapaport News
Amazon jewelry
Amazon Applies for Jewelry-Line Trademark
Online-shopping titan Amazon has filed a trademark application that mayindicate it is planning to create its own private-label jewelry collection.“For Keeps by Amazon,” which was filed at the US Patent andTrademark Office last week, is for “online retail...
Retail Sep 26, 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
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
Nirav Modi store
What We Know About Nirav Modi’s US Companies
The $2 billion fraud allegations against Indian jewelrytycoon Nirav Modi and Gitanjali Gems chief Mehul Choksi have shocked theindustry, as well as raising questions about the wider impact on the trade.One of the first casualties...
Financial-Legal Mar 07, 2018 Joshua Freedman
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