Aurum Holdings was the biggest jewellery and watch retail group in the UK last year, surpassing Signet Jewelers for the very first time. Signet Jewelers has been growing steadily for the past three years, with group sales rising from £447 million in 2014 (FY 2015 ending January 31 2015) to £489 million last year. However, over…
Signet announces retirement of two industry veterans
Signet Jewelers has announced the retirement of its executive vice president/ chief merchandising officer and the senior vice president of Signet Direct Diamond Sourcing. In careers spanning decades, Stuart Lee and Clark McEwen have played important roles in developing Signet and creating consumer confidence in the products it sells. “Over the past many years, Stuart…
H Samuel and Ernest Jones rocked by downturn in seasonal sales
Signet Jewelers has reported unfavourable sales results for the festive trading period. In a report on the company’s seasonal sales for the nine weeks ended December 31, 2016, Signet reported a 19.8% drop in total sales across the UK jewellery division, which encompasses Ernest Jones and H. Samuel. Signet attributes this steep decline to unfavourable foreign…
Diamond jewellery drives Signet sales in the UK
Same store sales at Signet Jewelers’ UK retail chains Ernest Jones and H Samuel increased by 3.6% in the third quarter of the company’s 2016 financial year. Strong sales of both fashion and fine diamond jewellery rescued what would otherwise have been a tough three months from July to September with the overall number of transactions…
HOT 100 BUSINESS BIG SHOTS: Natalia Rocchi, H Samuel Bridal Diamonds Buyer, Signet Jewelers
Natalia Rocchi is a homemaker at heart, surrounding herself with mementos of her travels, pictures of the people who are important to her, and the modern art and portrait photography she so loves. “I have been a fan of pop art since I was a teenager, and during my university years discovered photographers such as…
New York named as location for 2016 World Diamond Council AGM
The World Diamond Council (WDC) has announced that its 12th Annual General Meeting (AGM) will take place at the Waldorf Astoria Hotel in New York City from Sept 7–9 2016. Hosted by the newly formed United States Jewelry Council (USJC), the body that brings together the views and actions of the US jewellery industry trade…
WFDB unveils speakers for World Diamond Congress 2016
The World Federation of Diamond Bourses has announced the speakers list for the upcoming 37th World Diamond Congress. The biennial meeting of the WFDB and the International Diamond Manufacturers Association (IDMA) will be taking place in Dubai May 16-19. It has already been announced that the overarching theme of the congress will be transparency, responsibility…
“Targeted marketing and superior customer service” attributed to Signet Jewelers’ fiscal rise
Signet Jewelers, the diamond jewellery retailer, announced its results for the 13 weeks (fourth quarter Fiscal 2016) and 52 weeks (Fiscal 2016) ending on 30 January 2016. It reported a fourth quarter rise of over 20%, with the fiscal rise reaching nearly 24% The company reported annual total sales of $6.55 billion, which is an increase…
De Beers and RJC back Signet’s Responsible Sourcing Protocol for diamonds
Last week, Signet Jewelers announced its Responsible Sourcing Protocol for Diamonds (D-SRSP), aimed at providing increased transparency and improvement in the integrity of the global diamond supply. To develop the D-SRSP, it consulted with the Responsible Jewellery Council (RJC), as well as the De Beers Group, both well-versed in the provision of standards in the industry.…
Signet Jewelers reports strong Q4
Signet Jewelers has announced its Q4 fiscal 2016 preliminary results, citing strong same-store sales. For the 13 weeks ended January 30 2016, same-store sales increased 4.9%, compared with the same period last year. Diluted earnings per shares (EPS) grew over 20%. Elsewhere Signet’s credit program contributed to profitability during the period as credit metrics improved…
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