Richemont delivered stunning holiday quarter performance with luxury jewelry sales up 14%, while Signet reported holiday accessible/mass-market jewelry sales down 2%.
Tag Archives: Signet Jewelers
Signet Jewelers Makes A Minor Acquisition With Major Implications For Jewelry Retailers
Despite revenues declining 8.1% in the second quarter and 12% on a same-store sales basis, Wall Street rewarded Signet Jewelers for a job well done in what everyone expected would be a tough period.The day before the earnings release on August 31, shares were trading at about $71 and reached almost $80 at the close […]
An Engagement Gap Is Challenging Jewelers: How Three Major Jewelry Brands Will Manage
It’s been three years since the pandemic threw a monkey wrench into the more or less stable wedding market and disrupted the evergreen bridal jewelry business that fine jewelers depend upon.From 2000 to 2019, some 2.2 million weddings took place each year on average. Then couples hit the pause button with lockdowns in place, and […]
Blue Nile To Become Another Jewel In Signet Jeweler’s Crown
Signet Jeweler just announced it signed a definitive agreement to acquire Blue Nile, a pioneering digital disruptor in the diamond jewelry business, founded in 1999.With the $360 million cash deal expected to close in the third quarter, Blue Nile brings a war chest of over 650,000 diamonds, more than three million online customers and sales […]
Jewelry Retailers Must Prepare for a Customer Retreat and Signet Has Been Preparing for this Day
A remarkable thing happened during and after the pandemic: Jewelry sales went through the roof. Personal consumption of jewelry reached $94.6 billion in 2021, up over 50% from the $62.3 billion spent in 2020, according to the Bureau of Economic Analysis’ (BEA) underlying data.Across the board, American consumers bought a ton of stuff in 2021. […]
