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Signet Jewelers Sales Up 1.4%; Comps Up 1.2%; Calendar Shift Adversely Impacts Sales
forbes.com 6 days, 15 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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Can The Jewelry Industry Survive Another Downturn?
forbes.com 4 days, 16 hours agoNot since 2009 has the global economy and the jewelry industry's place in it been so unstable. This comes as the international jewelry industry descends on Las Vegas for a series of tradeshows beginning Monday (led by JCK Las Vegas at Mandalay Bay and The Couture Show at the Wynn Las Vegas) where retailers will purchase their inventory for the all-important holiday season.
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