REAL ESTATE

Signet Jewelers to open 65 to 75 U.S. stores

BY Marianne Wilson

Hamilton, Bermuda — Signet Jewelers Ltd. reported better-than-expected fourth-quarter results, helped by sales gains at its biggest division, Kay Jewelers. The company, which raised its quarterly dividend by 25%, said it anticipates opening 65 to 75 new U.S. stores for the year. 


Signet, which also operates the Jared chain in the United States and the Ernest Jones stores in Britain, said revenue increased 11.8% to $1.51 billion for the quarter ended Feb. 2.

Same-store sales were up 3.5% in the fourth quarter. Same-store sales at Kay increased 5.8%.

“Our record performance continues to reflect the benefits of our competitive strengths and success of our growth initiatives,” Said Mike Barnes, CEO. “The acquisition of Ultra, our share repurchase program and the increase in our quarterly dividend demonstrate our ability to capitalize on our excellent balance sheet to provide for our long-term growth and increase value for our shareholders.”

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S.Gacho says:
Mar-30-2013 01:25 am

Sometimes it really pays an effort when you want your business to be stable. There are lot of things that might help you make it the way you wanted it to be. - Rich Von

S.Gacho says:
Mar-30-2013 01:25 am

Sometimes it really pays an effort when you want your business to be stable. There are lot of things that might help you make it the way you wanted it to be. - Rich Von

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