×
1 312
Fashion Jobs
ESTÉE LAUDER
Clinique - Consultant - Boots, Fosse Park- 7.5 Hours - Part Time, Permanent
Permanent · Leicester
MICHAEL KORS
Sales Supervisor, Multrees Walk
Permanent · EDINBURGH
VASHI
Talent Acquisition Partner
Permanent · LONDON
LEVI'S
Senior Trade Compliance Analyst
Permanent · Northampton
FOOT LOCKER
Geo Marketing Manager United Kingdom
Permanent · London
VANS
Account Coordinator - French Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
Tom Ford - Business Manager - Selfridges, Birmingham - 37.5 Hours - Full Time, Permanent
Permanent · Birmingham
ESTÉE LAUDER
Marketing Executive, Tom Ford Beauty, Kilian, Darphin And le Labo - Travel Retail Emea (Based London)
Permanent · London
ESTÉE LAUDER
Corporate Account Executive, Lagardere, Dfs, Inflight And Aquatic - Travel Retail Emea (Based London)
Permanent · London
ALEXANDER MCQUEEN
Collection Coordinator Assistant
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part Time, Permanent
Permanent · Oxford
ESTÉE LAUDER
Clinique - Consultant - Boots, Sedley Place London - 37.5 Hours - Full Time, Permanent
Permanent · London
PAUL SMITH
Office Administrator
Permanent · NOTTINGHAM
FRASERS GROUP
Trainee Commercial Manager
Permanent · SHIREBROOK
FOREO
Key Account Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 26 Hours - Part Time, Permanent
Permanent · Edinburgh
BEARA BEARA
Marketing Executive (Taiwanese)
Permanent · LONDON
BRANDLAB 360 - HULA
Hula by Barbara Hulanicki – Wholesale Sales Manager
Permanent · LONDON
HOMEGOODS
Loss Prevention Detective
Permanent · Countryside
TK MAXX
10933-Loss Prevention Officer Sth Ruislip
Permanent · Ruislip
TK MAXX
10933-Loss Prevention Officer Haringey
Permanent · London
ESTÉE LAUDER
Aveda Haircare Category & Marketing Planning Manager
Permanent · London
Published
Aug 31, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Signet Jewelers raises outlook, CFO steps down

Published
Aug 31, 2018

UK and North America-focused jewellery giant Signet Jewelers managed to continue the strong momentum from its first quarter, announcing on Thursday better-than-expected second-quarter results. 

Signet Jewelersraises outlook, CFO steps down. - Facebook: James Allen Rings

 
Total sales for the quarter ended August 4, 2018, increased 1.5 percent reaching $1.42 billion, with same store sales up 1.7 percent compared to the prior year quarter. 
 
The Ohio-based company, which owns brands such as Zales and Kay Jewelers, credited the sales jump to new initiatives to “increase newness and refocus the product assortment, as well as incremental clearance sales to make room for new product," among other things. 

E-commerce sales were again a bright spot for the company with sales up 82.8 percent at $150.3 million, including James Allen. 
 
“While it is still early in our journey, we are encouraged by our improving year-to-date performance as we execute against our Path to Brilliance transformation plan. During the second quarter, we continued to see stabilization in same store sales, and we remain confident that we have the right strategies in place to continue to drive operational improvement over the long-term,” said CEO Virginia C. Drosos.
 
Earlier this year, Signet announced plans to close over 200 stores as part of its three-year 'Path to Brilliance' transformation plan. That plan involves turning the firm into an omni-channel “category leader."
 
Coinciding with financial results, the company also announced that Chief Financial Officer Michele Santana will leave the company in 2019 after eight years to pursue other opportunities.
 
Signet has initiated an external executive search and expects to appoint a new CFO by the end of the company’s fiscal year.
 
Looking ahead, the company raised its full year guidance with total sales now expected to reach $6.2 billion to $6.3 billion, compared to $5.9 billion to $6.1 billion, and adjusted EPS of $4.05 to $4.40, up from prior guidance of $3.75 to $4.25. Signet, however, stated that its remaining cautious. 
 
“To reflect our improved second quarter performance, we are modestly raising our revenue and earnings guidance for the year. For the fourth quarter, however, where a vast majority of our annual operating profit is generated, we are remaining appropriately cautious in our outlook as many of our Path to Brilliance initiatives are being launched later in the year.”

Copyright © 2022 FashionNetwork.com All rights reserved.