Signet Jewelers Limited, the largest specialty retail
jeweler in the US, UK and Canada, today announced its results
for the third quarter of the fiscal year 2015 that ended November 1, 2014.
Total sales were up 52.7%, or $1,177.9 million, Internet
sales were up 96.5%, or $45 million. The increase was primarily driven by the
addition of the Zale division in May this year.
Mark Light, Chief Executive Officer, commented: "We
delivered a solid third quarter highlighted by continued strength in same store
sales, which rose 4.2%. We believe our US and Canada divisions are
well-prepared to deliver for the holiday season.”
Mr. Light continued: "While Zale same store sales
declined 0.9%, we remain pleased with the Zale division integration progress.
In the short time period since owning Zale, we have been able to implement
select initiatives to further the Zale holiday business. We remain confident in
our ability to meet our goal of $150 million to $175 million in
cumulative 3-year synergies.”
The two main Signet brands on American market, Kay and Jared,
rose 7.5% and 6.5% respectively. Positive momentum in company’s UK division
continued at 3.7%, which is the best operating result in seven years.
Olga Patseva, Editor in Chief of the American Bureau,
Rough&Polished
Exclusive
David Benderly: PermaScribe seeks to put trust mark on diamond table, not just girdle
In this interview with Rough & Polished’s Mathew Nyaungwa, PhotoScribe Technologies president and chief executive David Benderly explains how PermaScribe differs technically from conventional laser inscription, its potential to strengthen security, and...
31 august 2026
The great reset: Paul Zimnisky on supply catharsis, De Beers' bargain and the case for natural diamonds
The natural diamond industry is in the throes of its most profound reset in a generation. Supply is plunging to its lowest level since 1987 and De Beers—once valued at over $9 billion—is reportedly being sold for as little as $1 billion.
Lab-grown...
10 august 2026
Roman Karakurkchi: Maintaining the highest standards of jewelry craftsmanship
Roman Karakurkchi is the founder of the Roman Karakurkchi jewelry brand and the International Jewellery School that brings together instructors from Russia, the USA, the Netherlands, Spain, Belgium, Italy, and Germany, as well as students from 65 countries...
03 august 2026
Mehul Shah pledges to bring new approach to leading WFDB
Mehul N. Shah, who was elected in July as President of the World Federation of Diamond Bourses at the 41st World Diamond Congress in Singapore, is one of India's best-known diamantaires and a prominent leader in the international diamond industry...
27 july 2026
Charlotte Rose on making history, modernising the London Diamond Bourse, and why finance is the industry’s silent crisis
When Charlotte Rose was elected president of the London Diamond Bourse in June 2026, she didn't just break an 86-year tradition—she became the first woman to lead any diamond bourse globally. In an exclusive interview with Rough & Polished’s Mathew...
20 july 2026
