Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
Signet U.S. comps up 4 percent in Q4
Same-store sales in the U.S. were up 4 percent for Signet Jewelers Ltd. in the fourth quarter, while e-commerce sales climbed 21 percent to $61.9 million.
Hamilton, Bermuda--Same-store sales in the U.S. were up 4 percent for Signet Jewelers Ltd. in the fourth quarter, while e-commerce sales climbed 21 percent to $61.9 million.
Signet, parent company of the Kay Jewelers, Jared the Galleria of Jewelry, and Zales chains, said Thursday that total sales increased by 4 percent during the three-month period ended Feb. 1 to $1.29 billion. This growth was led by a variety of merchandise categories, including strong performances from bridal, colored diamonds, fashion jewelry, beads and watches.
Operating income was nearly flat in the U.S. at $227.9 million.
Total same-store sale for Signet, which includes the U.S. and the U.K., were up 4 percent during the quarter. Total sales were also up, rising 3 percent from the year-earlier to $1.56 billion, while e-commerce sales reached $79 million on a 24 percent increase. Operating income for the whole company was $270.6 million.
For the fiscal full year, U.S. same-store sales increased by 5 percent year-over-year, while total sales rose by 7 percent to hit $3.52 billion. The growth is attributed to higher sales from Artistry Diamonds, Jared Vivid Diamonds, Le Vian, Neil Lane Designs, Tolkowsky Diamond and Shades of Wonder, as well as the inclusion of Ultra’s performance for a full year, which added an additional $91.3 million in sales.
RELATED CONTENT: Sterling buying Ultra Stores chain for $57M
Same-store sales for the company overall in fiscal 2014 were up 4 percent, while total sales rose 6 percent, from $3.98 billion to $4.21 billion. Operating income was $570.5 million, a modest 2 percent increase from the previous fiscal year.
“Our strong performance continues to reflect the success of our growth initiatives,” said Signet CEO Mike Barnes. “Creating an outstanding customer experience, delivering compelling merchandise, heightening awareness through our continued advertising investment in support of our store concepts and merchandise brands, and offering customer finance programs in the U.S. all work together to support our customers’ jewelry purchases and drive sales.”
As of Feb. 1, Signet had a total of 1,964 stores across all divisions, including 1,471 in the U.S., up from 1,954 stores in 2013, 1,443 of which were U.S. locations.
RELATED CONTENT: Signet acquiring Zale in $1.4B deal
Looking to fiscal 2015, Signet said that it expects first quarter same-store sales to increase in the range of 3 percent to 4 percent. The company will also continue to work to
The Latest
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Nicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.