CSG Snapshot: Signet Jewelers Limited
AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR,PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY, AB, BC, MB, NB, NL, NS, ON, PE, SK
CEO: Mark Light
CFO: Michelle Santana
COO: Ed Hrabak
Coming off of a strong 2015 in which Signet Jewelers solidified its position as North America’s largest jeweler following the 2014 Kay acquisition, 2016 has been a mixed bag. A strong first quarter was followed by a markedly weak second quarter (along with tempering of the company’s earning guidance for the rest of the year) and accusations that some Kay stores had swapped customers’ diamonds for lesser quality stones. Piercing Pagoda has been a bright spot (+$7.5 million on the year), and UK chains H. Samuel and Ernest Jones are slightly ahead of last year. Plans still call for a net increase of 55 to 90 US stores in the current fiscal year (ending 1.30.17) with the greatest number of openings coming from Kay, Piercing Pagoda and Zales while regional-brand storefronts will decrease by up to 50.
Source: Chain Store Guide Database of Department Stores and Shoe Retailers.