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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
Jared Virtual Weddings
Jared to Hold Online Weddings
Jared will offer free virtual weddings to 1,000 couples who had to cancel or postpone their events due to the COVID-19 pandemic.The jeweler will begin holding the ceremonies, which are part of its #LoveCantWait campaign,...
Retail May 07, 2020 Rapaport News
Signet
Signet Revamps Rules as Some Branches Reopen
Signet Jewelers has reopened more than 130 US stores and is planning to unlock up to 50 more doors in time for Mother’s Day as some states are allowing retailers to do business again. The company, which owns Kay Jewelers,...
Retail May 07, 2020 Leah Meirovich
Signet furloughs
Signet Temporarily Lays Off Workers
Signet Jewelers has furloughed a number of its employees to cut costs and ensure the long-term sustainability of its business.“Due to the unprecedented impact of COVID-19 and the closure of our stores, we have moved quickly to proactively reduce...
Retail Apr 01, 2020 Rapaport News
Signet
Signet Settles Shareholder Suit for $240M
Signet Jewelers has agreed to a $240 million settlement relating to a lawsuit filed by shareholders. The suit claims the company misled investors regarding allegations of sexual discrimination against its executives and the health of its credit...
Retail Mar 31, 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
Signet
Signet to Avoid Giving Sales Guidance
Signet Jewelers will not issue a forecast for the first quarter of its 2021 fiscal year as it weighs the effects of the coronavirus pandemic on its retail operations.“Retailers are already experiencing the severe impact…of COVID-19...
Retail Mar 24, 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
Signet Launches First Spanish-Language Ads
Signet Jewelers has introduced its first foreign-language advertising campaigns in the US market, targeting the growing number of Hispanic millennials expected to marry in the coming years.“They are a big customer group, and getting a lot bigger...
Retail Feb 20, 2020 Leah Meirovich
Sterling Jewelers Gender Bias
Sterling Takes Gender-Bias Case to Supreme Court
Sterling Jewelers has asked the US Supreme Court to reverse a lower-court ruling allowing an arbitrator to decide whether the company underpaid more than 70,000 women in a class action gender-bias case.The case alleges that Sterling — the...
Financial-Legal Feb 03, 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
Signet when you come back
Signet Expands Lab-Grown Diamond Offering
Signet Jewelers is now offering jewelry featuring synthetic diamonds and gemstones at all of its major US banners, after asuccessful pilot in limited locations. “Lab-created diamonds are available in both fashion and bridaljewelry at James Allen, Kay,...
Retail Dec 16, 2019 Rapaport News
Signet
Signet Raises Full-Year Outlook
Signet Jewelers’ shares jumped 6% in early trading Thursdayafter the retailer increased its sales forecast for the current fiscal year. The jeweler adjusted its guidance following a rise insame-store sales in the third fiscal...
Retail Dec 05, 2019 Rapaport News
Signet
Signet Increases Lab-Grown Footprint
Signet Jewelers has takenfurther steps into the synthetics market, launching lab-grown diamonds at itsKay and Jared brands. The move has commenced witha trial in five Kay stores.In addition, Signet has started selling...
Retail Oct 23, 2019 Rapaport News
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
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
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