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EditorsApr 23, 2009
Citi upgrades Signet to "buy"
I've been writing about growing momentum in the good news category of late--finally. Today, more to add. Signet, parent of Sterling Jewelers, the largest U.S. jewelry-specific retailer and operator of the Kay Jewelers and Jared chains, has had its stock...
I've been writing about growing momentum in the good news category of late--finally. Today, more to add.
In the United States, they added, while the timing of a full-scale recovery for the fine jewelry market remains uncertain, a relatively strong first quarter, amid other factors, makes the company more attractive as an investment.
This is more good news for all of us, as the stock market crash last fall saw even the blue chips of our industry tumble. This onset of renewed interest is grounds for good cheer, signaling that the very bleakest times may be behind us.
Hats off to Signet Group Chief Executive Terry Burman, Sterling President and CEO Mark Light and the rest of the team in the Akron headquarters and the 1,401 stores across the country.
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