Signet, the world’s largest retailer of diamond jewelry, reported an improved performance for the last quarter of 2020, but will be borrowing $900m as it faces the uncertainty of coronavirus. The company, whose brands include Kay Jewelers, Zales, Jared, James Allen, Peoples and Piercing Pagoda, last week closed all its 3,200 stores. It saw same-store […]

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Same-store sales decreased by 5.2% to £87.6m for Signet’s UK operation, which encompasses H Samuel and Ernest Jones, during the first quarter of FY2020. While ATV increased by 0.2%, the number of transactions fell by 5.4% for the retailers collectively. The retail giant says sales declined across categories and continued to reflect a difficult operating […]

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