×
2 312
Fashion Jobs
BOOHOO GROUP
Commercial Finance Analyst
Permanent · MANCHESTER
REISS
Marketing Manager
Permanent · LONDON
ESTEE LAUDER
The Estée Lauder Companies - HR Partner, Retail - Maternity Cover
Permanent · London
HEAD OFFICE
Various CRM Roles Within John Lewis Financial Services
Permanent · LONDON
AUTUMNPAPER LIMITED
Alexander Mcqueen CRM Campaign Manager
Permanent · LONDON
BOOHOOMAN
CRM Assistant
Permanent · MANCHESTER
JOHN LEWIS
Loss Prevention Partner
Permanent · BRISTOL
JOHN LEWIS
Loss Prevention Partner
Permanent · EXETER
JOHN LEWIS
Loss Prevention Partner
Permanent ·
LRM GOODS
Marketing Manager
Permanent · GUILDFORD
VF INTERNATIONAL
dc Training Specialist
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTEE LAUDER
Clinique - Consultant - John Lewis, Cambridge - 21 Hours - Part Time - Permanent
Permanent · Cambridge
ESTEE LAUDER
Clinique - Consultant - Boots, Horsham - 13 Hours - Part Time, Permanent
Permanent · Horsham
ESTEE LAUDER
Clinique - Consultant - Boots, Crawley - 13 Hours - Part Time, Permanent
Permanent · Crawley
ESTEE LAUDER
Clinique - Consultant - Boots, Oxford Street - 22.5 Hours - Part Time, Permanent
Permanent · London
ESTEE LAUDER
Clinique - Consultant - Boots-Hampton, Peterborough - 11 Hours - Part Time, Permanent
Permanent · Peterborough
ESTEE LAUDER
Clinique - Consultant - Heathrow, Terminal 4 - 18 Hours / 3 Days - Part-Time, Permanent
Permanent · Longford
ESTEE LAUDER
Clinique - Consultant - Boots, Ballymena - 9.5 Hours / Week - Part Time, Permanent
Permanent · Ballymena
ESTEE LAUDER
Mac Cosmetics -Media And Advertising Manager
Permanent · London
ESTEE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part Time, Permanent
Permanent · Oxford
ESTEE LAUDER
Clinique - Consultant - Marks & Spencer – Manchester, Handforth - 15 Hours / 3 Days, Part-Time, Permanent
Permanent · Manchester
Ads
Published
Jan 17, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Signet shares plummet following poor holiday sales

Published
Jan 17, 2019

Signet Jewelers Limited shares dropped by over 22% after the diamond jewelry retailer experienced larger than expected declines in its legacy product lines and reduced traffic during key December gifting weeks.


Signet's brands include Kay Jewelers, Zales, Jared The Galleria Of Jewelry, and H.Samuel, among others - Instagram: @kayjewelers


In an announcement of its sales for the nine weeks ended January 5, 2019, the company said its same store sales were down 1.3%. 

As a result of this poor performance, the company now expects its same store sales in the fourth quarter to be down between 1.6% and 2.5%, with predicted GAAP earnings per share between $2.32 and $2.53, compared to a previously predicted range of $3.02 to $3.33.

Signet's revised predictions for full fiscal year 2019 expect same store sales to remain approximately flat, with GAAP earnings per share of $8.16 and $7.93. 

The jewelry retailer anticipates total sales of $6.26 billion. 

In a press release, Signet Chief Executive Officer Virginia C. Drosos suggested store closings and a reassessment of product might be on the horizon as the company plans its next steps. 

“We will move decisively to improve profitability through aggressively optimizing our cost structure and continuing to right-size our store base, as well as more effectively managing our inventory," Drosos said. "We expect to accelerate initiatives to enhance our product assortment, marketing personalization and analytics, promotional effectiveness, service offerings, and e-commerce to deliver a more seamless and engaging OmniChannel customer experience." 

Drosos said the company will release its updated plans for fiscal year 2020 during its fourth quarter earnings report in March.

Copyright © 2022 FashionNetwork.com All rights reserved.