Signet Jewelers

Signet Jewellers lowers Q4 guidance amid dip in holiday sales

Signet Jewellers has lowered its fourth quarter guidance following lower-than-expected holiday sales. Its same store sales fell 2% for the 10 weeks ended 11 January 11, 2025. Signet Jewellers stated that although its engagement sales were within expectations and its average unit retail (AUR) increased in both bridal and fashion,…

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Signet Jewellers CEO to step down

Global diamond jewellery retailer Signet Jewellers has announced that after 12 years at the company, Virginia C. Drosos is planning to retire as CEO and as a member of the board, effective 4 November 2024. Following a thoughtful succession planning and search process, the board has appointed J.K. Symancyk to…

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Signet makes new board appointment

Signet Jewellers has announced the appointment of Sandra Cochran to its board of directors. The board also appointed Cochran as a member of the Human Capital Management and Compensation Committee. Her appointment temporarily increased the size of the board from 12 to 13 members, 12 of whom are independent. This…

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RJC appoints new board members at 2023 AGM

The Responsible Jewellery Council (RJC), the leading standards-setting organisation for the global jewellery and watch industry, has announced that its members on 9 June elected three members to its executive committee of the board of directors, and elected nine members to the board, at its Annual General Meeting (AGM). Edward…

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Signet Jewellers sees sales slip to $1.7bn

Signet Jewellers has reported revenues of $1.7bn (£1.36bn) down 9.3% from Q1 FY23, according to its results for the 13 weeks ended April 29, 2023. Virginia C. Drosos, CEO of Signet Jewellers claimed that macroeconomic headwinds had worsened late in the quarter, while there were fewer engagements resulting from Covid’s…

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Signet Jewelers post FY sales of $7.8bn

H. Samuel owner Signet Jewelers has posted sales of $7.8bn (£6.4bn) an increase of 0.2% for the full year ended 28 January 2023. However, same store sales declined 6.1% compared with FY21 and an 18.1% decrease compared with FY20. The company’s total international sales were $470.1m ($383.9m), down $22.3m (£18.2m)…

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Signet Jewelers reports ‘unusually heightened’ Q3 sales

Signet Jewelers, the parent company of Ernest Jones and H Samuel, has announced “unusually heightened” total sales of $1.6bn (£1.3bn) for Q3. This increase of nearly 3% has been attributed partly to government benefit programs and the company’s strategic transformation. The company reported a gaap operating income of $48m (£39m),…

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Signet Jewelers sales surge 49.7% to $7.8bn

Signet Jewelers Limited has announced its total sales surged 49.7% to $7.8bn (£5.95bn) in the 52 weeks ending January 29 2022 (FY22), up $2.6bn (£1.98bn) year-on-year and up 27.5% on a two-year basis. For the full year, brick and mortar total sales grew 56.2% year-on-year to $6.3bn (£4.8bn) and 17.2%…

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H. Samuel owner donates £766k to Red Cross Ukraine

Signet Jewelers Limited, the owner of H .Samuels, has announced the foundation will donate £766k to the Red Cross Ukraine humanitarian relief efforts, through its global network. Signet has also suspended business interaction with Russian-owned entities since the beginning of the invasion, in unity with all those in the world…

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Signet raises revenue forecast to £5.77bn

Signet Jewelers Limited has announced its total sales rose year-on-year by 30.4% to $2.4bn (£1.78bn) for the nine weeks ending January 1 2022 (Q4), with its full year total revenue guidance increasing to $7.78bn (£5.77bn). Preliminary same store sales grew by 25.2% year-on-year for the period, and by 35.1% on…

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