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CEO Virginia Drosos says that the group has been monitoring widely varying state-by-state and federal instructions on working practices, but feels it is right to close down the entire American network of stores to protect is staff and customers.
Signet Jewelers retail chain recognizes the spending power of America's young Hispanic population.
Signet Jewelers and Kering, home to Ulysse Nardin, Gucci and Girard-Perregaux, are the only businesses associated with Swiss watchmaking that make the list.
Share price has risen from under $19 at the start of 2020 to over $30 today (Thursday) thanks to same store sales rising 1.6% for the 9 weeks ended January 4.
The group says it expects to end its 2020 financial year with same store sales down 1.7%, delivering turnover of $6.05 billion.
Sales are still declining, but improved inventory management and cost control are shoring up the balance sheet of American's largest jeweler.
Signet's total global sales were $2.15 billion, down $138.4 million or 6.0%, in the 13 weeks ended February 2, 2019.
Joan Hilson joins directly from David's Bridal with a mandate to lead the group's finance, accounting, investor relations, tax and treasury teams.
Signet’s North American retail outlets saw same store sales fall by 0.7% the nine weeks ending January 5, 2019 and reported sales drop by...
Sterling Jewelers Inc, the division of Signet Jewelers that houses Kay Jewelers and Jared the Galleria of Jewelry, has agreed to pay $10 million...