
Signet Jewelers announced on Thursday preliminary sales figures for the all-important holiday season, revealing a more than 30% surge in total sales for the nine weeks ending January 1, 2022.
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Signet Jewelers announced on Thursday preliminary sales figures for the all-important holiday season, revealing a more than 30% surge in total sales for the nine weeks ending January 1, 2022.
The international jewelry retailer announced on Tuesday that it has entered into an agreement to acquire Charlotte, North Carolina-based Diamonds Direct for $490 million in an all-cash transaction.
The international jewelry retailer reported total first-quarter sales of $1.7 billion on Thursday, an increase of 98.2% from $852.1 million in the same period in the previous year, led by strong growth in North America.
The international jewelry retailer reported total sales of $2.19 billion for the fourth quarter on Thursday, as well as improvements in its bottom line. The company also announced the next stage in its growth plan.
The international jewelry retail group has announced net income of $900,000, or $0.02 per diluted share, for the third quarter, up from a net loss of $43.7 million, or $0.84 per diluted share, in the prior-year period.
As the jewelry retailer continues its accelerated transition to a more digitally focused model, Signet Jewelers made solid progress in e-commerce in Q2, but still posted a 34.9% drop in total sales.
The international jewelry retailer announced on Friday that it has appointed Rebecca Wooters as its new chief digital officer, as the company doubles down on its online transformation plans in the wake of Covid-19.
The jewelry retailer reported a 40.5% decline in sales in the first quarter on Tuesday and announced that it is planning to shutter 380 stores in line with a strategy to pivot towards a more digitally focused model.
The global jewelry retail group announced a significant reduction in its net losses for the first quarter of 2020 on Thursday, despite declining sales, as it continues to implement its transformation plan.
Signet shares dropped over 22% after larger than expected declines in its legacy lines and reduced traffic during key December gifting weeks, leading company execs to suggest store closings and a reassessment of product.