News

Signet Group sees rise in holiday sales

Signet Group reports November-December sales at 1.1%

afns

The U.K.-based Signet group plc, which includes the U.S. jewelry chains Kay Jewelers and Jared the Galleria of Jewelry, reported that November-December sales rose 1.1% in 2005. U.S. sales, which are responsible for 73% of group sales, were up 5.5 % while U.K. sales were down 9.3 %. Diamond fashion jewelry, the bridal and engagement categories, and watches all performed particularly well.

�Profit before tax for 2005-06 is currently expected to be within the range of market estimates and to fall between �193 million and �199 million

  • $347 million to $358 million
  • ,� said Terry Burman, Group Chief Executive. In the United States, the company said, �The business again significantly outperformed its main competition and gained market share.�

    Total dollar sales increased by 10.5%. The divisional operating profit is anticipated to be comfortably ahead for the year as a whole. Signet operated 1,820 specialty retail jewelry stores as of December 31, 2005, including 1,219 stores in the United States. Signet also operates 601 stores in the United Kingdom, where the Group does business as H. Samuel, Ernest Jones, and Leslie Davis.


    Follow DiamondWorld on Instagram: @diamondworldnet
    Follow DiamondWorld on Twitter: @diamondworldnet
    Follow DiamondWorld on Facebook: @diamondworldnet

    Vast Resources Reclaims Diamonds After 15-Year Dispute, Eyes Zimbabwe Return

    Hong Kong Show at Asia World Expo: Quiet Start, But Purposeful Business

    PGI Champions Platinum at Jewellery & Gem WORLD Hong Kong 2025

    GJC’s 8th India Gem & Jewellery Show Opens with Grand Inauguration

    Finestar Diamonds Invests R300 Million in New South African Manufacturing Facility