H Samuel

Let’s go for optimism instead of fear

Too many jewellers are not prepared for a future where online sales will make up the majority of retail purchases. Most people agree that this brave new world is coming, but this industry has been particularly slow at embracing e-commerce as a revenue stream. There are some success stories out…

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Jewellery sales shine across UK shopping centres

Jewellery brands led the way in terms of sales growth across UK shopping centres in the first quarter of 2015, according to new figures released today.  Estate agent Savills said jewellery saw substantial growth of 12% in the first quarter of the year, with growth of 7.2% over the last…

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UK sales boost Signet Q1 results

Jewellery retail giant Signet has reported a strong first quarter with sales up 3.6% on a like-for-like basis in the three months to May 2, 2015.  The group’s UK division, which includes Ernest Jones and H Samuel, saw sales rise 6.2% totalling £95.8m. The results also reflect the addition of…

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Signet delivers highest Q4 sales growth in 13 years

Signet’s UK division, which owns H Samuel and Ernest Jones, has experienced its highest Q4 sales increase in 13 years and its best operating profit in three years.  In the 13 weeks to January 31, the company reported a same-store sales increase of 7.5%, with total sales reaching $278m (£186.6m).…

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Signet ‘s UK division sees 9.7% Christmas growth

Signet’s UK division, which owns high street chains H Samuel and Ernest Jones, has seen a 9.7 increase in like-for-like sales for the eight weeks ending December 27 – the group’s best performance for 12 years.  In a statement, the Signet said Ernest Jones was the strongest performer with an…

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Signet enjoys highest same-store sales jump in seven years

The owner H Samuel and Ernest Jones, Signet UK, has reported that sales rose 8.4% to $151m (£96.1m) in the third quarter of this year. The firm said its results were buoyed by the acquisition of US jeweller Zale Corporation in May this year, as well as purchase accounting, severance and transaction…

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Signet appoint first ever chief information officer

Signet Jewellers, parent company of H Samuel, Leslie Davis and Ernest Jones in the UK, has announced the appointment of Daniel Shull as its first chief information officer (CIO).  The appointment will be effective from January 5 and Signet hopes that the new role will improve its technology outreach and…

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Shame on the other multiples for not standing with F Hinds

Outside of the trade associations (which are often referred to pejoratively inside Westminster as ‘special interest’ groups), there are only a few other ways an industry can lobby for itself, and one is for the biggest players to start shouting. That is why it is almost beyond comprehension that F Hinds…

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Signet Group announces major management re-shuffle

Signet Jewelers today announced that Ronald Ristau resigned from his position as CFO, as did Theo Killion, the president and CEO of the recently acquired Zale division.  Current senior vice president and controller Michele Santana has been promoted to CFO designate, effective immediately, and George Murray, Signet’s current chief integration management…

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Signet tightens grip on US market with $690m Zale purchase

The US owner of British jewellery chains H Samuel and Ernest Jones has inched closer to market domination with the acquisition of smaller American chain Zale for a reported $690m (£414m). In a statement, Signet said it had stumped up for a $21-per-share cash deal, which represented a 41 per…

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