FinancialsJun 08, 2023
Signet’s Q1 Same-Store Sales Fall 14%, Plans to Close 150 StoresMajorsJul 11, 2023
Signet Once Again Moves Up NRF ‘Top 100’ Retailers List
The jewelry giant jumped 10 spots on the list, while other retailers battled a labor shortage and a rise in organized retail crime.
A necklace from the “Jared Atelier” collection by Signet Jewelers-owned banner Jared. Signet Jewelers took the No. 56 spot on the National Retail Federation’s 2023 Top 100 Retailers list.
New York—Signet Jewelers has once again made the National Retail Federation’s Top 100 Retailers list, moving up 10 spots to No. 56.
The jewelry company was No. 66 last year, and No. 78 in 2021.
The list, compiled by market research firm Kantar Group, ranks the largest retail companies in the United States, based on 2022 annual U.S. retail sales.
The NRF says it uses “a variety of estimation techniques” to calculate its figures, so the sales figures on its list may differ from the companies’ official public filing reports.
The NRF’s calculations have Signet’s total retail sales at $7.5 billion in 2022, up 8 percent year-over-year.
Signet reported full-year sales in North America of $7.29 billion, up 0.3 percent year-over-year.
The NRF reported store growth of 5 percent year-over-year, with a total of 2,351 stores in 2022, reflecting the acquisitions of Diamonds Direct and Blue Nile.
Signet Jewelers was considered one of the list’s “anomalies,” according to David Marcotte, senior vice president of Kantar, alongside Kohl’s (No.30) and Dell Technologies (No.39).
While Kohl’s and Dell stood out because of their significant drops in sales, Signet was a standout based on its growth trajectory, due in part to its recent acquisitions.
“But it also speaks to supply chain: The size and portability of jewelry means it’s significantly less likely to be impacted by these issues than, say, furniture,” said Marcotte.
Related stories will be right here …
The jewelry company was No. 66 last year, and No. 78 in 2021.
The list, compiled by market research firm Kantar Group, ranks the largest retail companies in the United States, based on 2022 annual U.S. retail sales.
The NRF says it uses “a variety of estimation techniques” to calculate its figures, so the sales figures on its list may differ from the companies’ official public filing reports.
The NRF’s calculations have Signet’s total retail sales at $7.5 billion in 2022, up 8 percent year-over-year.
Signet reported full-year sales in North America of $7.29 billion, up 0.3 percent year-over-year.
The NRF reported store growth of 5 percent year-over-year, with a total of 2,351 stores in 2022, reflecting the acquisitions of Diamonds Direct and Blue Nile.
Signet Jewelers was considered one of the list’s “anomalies,” according to David Marcotte, senior vice president of Kantar, alongside Kohl’s (No.30) and Dell Technologies (No.39).
While Kohl’s and Dell stood out because of their significant drops in sales, Signet was a standout based on its growth trajectory, due in part to its recent acquisitions.
“But it also speaks to supply chain: The size and portability of jewelry means it’s significantly less likely to be impacted by these issues than, say, furniture,” said Marcotte.
Like last year, Signet was the only specialty jeweler on the list, with Amazon and big-box stores claiming the top spots.
Notably, this year’s list excluded restaurant chains, which were included in prior years.
The top three spots mirrored last year’s list, with Walmart at No.1 with U.S. sales of $499.65 billion and growth of 8 percent.
Amazon was No.2 at $232.46 billion and 7 percent growth, while Costco was at No.3 with $217.53 billion and 17 percent growth.
Growth in the big-box and mass merchandise sectors isn’t just taking place in the U.S., but internationally as well, said Marcotte.
“People are comfortable putting out the membership fee to buy into the value proposition,” he said, noting that while this category is well-established in the U.S., there is “a great deal more room for expansion” worldwide.
According to the report, labor shortages are hurting drug store chains like CVS, Walgreens Boots Alliance, and Rite Aid.
“You cannot run a drug store without a pharmacist and there’s been a severe shortage of pharmacists in all three chains,” said Marcotte.
The shortage has led to shortened hours and closed stores, which is reflected in their sales, he said.
An issue affecting retailers across the board has been organized retail crime (ORC).
“Retailers have increasingly been tying ORC to weak sales,” he noted.
The industry average for shrink, or loss of inventory, fell from its five-year average of 1.5 percent to 1.4 percent, but that still amounts to an estimated loss of $95 billion in 2021, as per the NRF’s 2022 National Retail Security Survey.
“The real impact is harder to measure,” he said, noting the broader effects of store damage, employee turnover, shopper fear, “and, too often, intimidation and violence.”
Swarming attacks, where a large group of people rob a store at the same time, became a popular tactic again in 2022, but with greater organization than in prior years, he noted.
Marcotte also pointed out retailers are leaving markets where they no longer feel safe.
The 2022 National Retail Security Survey found 80 percent of retail organizations had reported a rise of violence within their stores.
ORC is a “very old problem,” said Marcotte, that has been growing in complexity.
The NRF, as well as other retail organizations, is in support of the Combating Organized Retail Crime Act.
The legislation, introduced in the House and Senate, would set up a national coordination center that would gather and share info on ORC and provide training and assistance.
The NRF also advocated for the Inform Consumers Act, which recently went into effect. The legislation requires online marketplaces to verify the identities of high-volume third-party sellers in the hopes of combatting the selling of stolen as well as counterfeit goods.
To read the full Top 100 list, visit the NRF’s website.
More on Majors
The Latest
FinancialsNov 14, 2025
Richemont’s Q2 Jewelry Sales Up 12%Plus, how tariffs and the rising price of gold are affecting its watch and jewelry brands.
CollectionsNov 14, 2025
Piece of the Week: Silvia Furmanovich’s ‘Butterflies in Flight’ Jewelry BoxFurmanovich designed the box to hold Mellerio’s “Color Queen,” a high jewelry collection consisting of 10 rings.
AuctionsNov 14, 2025
Napoleon’s Diamond Brooch Blows Away Auction Estimates A buyer paid $4.4 million for the piece, which Napoleon wore on his hat for special occasions and left behind when he fled Waterloo.
Brought to you by
Roseco Releases New Full-Line CatalogRoseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.
Events & AwardsNov 14, 2025
JCK Names New Event DirectorJennifer Hopf, who has been with JCK since 2022, will lead the execution of the long-running jewelry trade show.
Weekly QuizNov 13, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
IndependentsNov 13, 2025
127-Year-Old New Orleans Jeweler to CloseAdler’s Jewelry is set to close its two stores as 82-year-old owner Coleman E. Adler II retires.
IndependentsNov 13, 2025
Green Lake Jewelry Works to Move to New Seattle StudioFounder Jim Tuttle shared how a dedication to craftsmanship and meaningful custom jewelry fueled the retailer’s double-digit growth.
Brought to you by
Jewelers of America Aligns New Mission to Create Meaningful Impact for MembersFrom educational programs, advocacy, and recent MJSA affiliation, Jewelers of America drives progress that elevates businesses of all sizes.
CrimeNov 12, 2025
Father, Son Jewelers in Chicago Victims in Double Homicide JSA and Cook County Crime Stoppers are both offering rewards for information leading to the arrest of the suspect or suspects involved.
AuctionsNov 12, 2025
‘Mellon Blue’ Diamond Sells for $7M Less Than It Did a Decade AgoA buyer paid $25.6 million for the diamond at Christie’s on Tuesday. In 2014, Sotheby’s sold the same stone for $32.6 million.
AuctionsNov 12, 2025
Historic Rolex Oyster Fetches $1.7M at Sotheby’sMercedes Gleitze famously wore the watch in her 1927 swim across the English Channel, a pivotal credibility moment for the watchmaker.
GradingNov 12, 2025
It’s Time: GIA’s Express Holiday Service Is Back GIA is offering next-day services for natural, colorless diamonds submitted to its labs in New York and Carlsbad.
SurveysNov 10, 2025
5 Things Retailers Should Know About Holiday Shoppers This YearThe National Retail Federation is bullish on the holidays, forecasting retail sales to exceed $1 trillion this year.
AuctionsNov 10, 2025
300+ Colored Diamonds Up for Auction at Christie’sLate collector Eddy Elzas assembled “The Rainbow Collection,” which is offered as a single lot and estimated to fetch up to $3 million.
EditorsNov 07, 2025
Piece of the Week: An MVP’s Sapphire Tennis Necklace At the 2025 World Series, the Los Angeles Dodgers’ Yoshinobu Yamamoto sported a custom necklace made by California retailer Happy Jewelers.
IndependentsNov 07, 2025
Foundrae’s New Palm Beach Location Is a ‘Golden Solarium’The brand’s seventh location combines Foundrae’s symbolic vocabulary with motifs from Florida’s natural surroundings.
FinancialsNov 07, 2025
Watches of Switzerland’s H1 Sales Up 8%The retailer also shared an update on the impact of tariffs on watch customers.
SourcingNov 06, 2025
Pink Tourmaline Bracelet, Emerald Suite Take Top Spectrum Honors Pink and purple stones were popular in the AGTA’s design competition this year, as were cameos and ocean themes.
IndependentsNov 06, 2025
Greenwich St. Jewelers Hosts Raffle Supporting Food RescueAll proceeds from the G. St x Jewel Boxing raffle will go to City Harvest, which works to end hunger in New York City.
IndependentsNov 06, 2025
Cornell’s Jewelers Names New PresidentCourtney Cornell is part of the third generation to lead the Rochester, New York-based jeweler.
SourcingNov 06, 2025
De Beers’ Production, Sales Increase in Q3 De Beers also announced more changes in its upper ranks ahead of parent company Anglo American’s pending sale of the company.
WatchesNov 05, 2025
Shinola President Steps Down Just as He Starts Former Signet CEO Mark Light will remain president of Shinola until a replacement for Ulrich Wohn is found.
AuctionsNov 05, 2025
Taylor Swift’s Engagement Ring Designer Makes Her Auction DebutKindred Lubeck of Artifex has three rings she designed with Anup Jogani in Sotheby’s upcoming Gem Drop sale.
FinancialsNov 05, 2025
Pandora Posts Modest Q3 Sales Growth Amid ‘Weak’ Consumer Sentiment The company focused on marketing in the third quarter and introduced two new charm collections, “Pandora Talisman” and “Pandora Minis.”
FinancialsNov 05, 2025
Brilliant Earth’s Q3 Sales Climb 10%The jewelry retailer raised its full-year guidance, with CFO Jeff Kuo describing the company as “very well positioned” for the holidays.
Policies & IssuesNov 04, 2025
Supreme Court to Hear Tariffs Case WednesdayAhead of the hearing, two industry organizations co-signed an amicus brief urging the court to declare Trump’s tariffs unlawful.
MajorsNov 04, 2025
Danny Clark to Become Stuller CEO, Succeeding Matt StullerStuller COO Belit Myers will take on the additional role of president, with all changes effective at the start of 2026.
