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Signet Jewelers Sales Up 1.4%; Comps Up 1.2%; Calendar Shift Adversely Impacts Sales
forbes.com 5 days, 4 hours agoSignet Jewelers Ltd., the largest specialty retail jeweler in the U.S. and U.K., said Thursday that sales for the first quarter increased 1.4 percent to $900 million. Same store sales for the period, ended April 28, increased 1.2 percent. The company said a calendar shift due to a late Mother's Day adversely impacted sales by an estimated $32 million or 370 basis points.
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Tiffany Q1 Sales Up 8%, Comps Up 4%; Downgrades Outlooks
forbes.com 5 days, 5 hours agoTiffany & Co. said Thursday that worldwide net sales increased 8 percent, year-over-year, to $819 million and same store sales rose 4 percent for the first quarter of 2012. The luxury retail jeweler also downgraded its outlook for the year based on a softening of sales in the U.S. and abroad.
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