MajorsApr 07, 2026
QVC Group’s Latest Filing Calls Its Future Into QuestionThe retailer failed to file its annual report on time and said it may issue a going concern warning.
FinancialsMar 27, 2014
Signet U.S. comps up 4 percent in Q4
Same-store sales in the U.S. were up 4 percent for Signet Jewelers Ltd. in the fourth quarter, while e-commerce sales climbed 21 percent to $61.9 million.
Hamilton, Bermuda--Same-store sales in the U.S. were up 4 percent for Signet Jewelers Ltd. in the fourth quarter, while e-commerce sales climbed 21 percent to $61.9 million.
Signet, parent company of the Kay Jewelers, Jared the Galleria of Jewelry, and Zales chains, said Thursday that total sales increased by 4 percent during the three-month period ended Feb. 1 to $1.29 billion. This growth was led by a variety of merchandise categories, including strong performances from bridal, colored diamonds, fashion jewelry, beads and watches.
Operating income was nearly flat in the U.S. at $227.9 million.
Total same-store sale for Signet, which includes the U.S. and the U.K., were up 4 percent during the quarter. Total sales were also up, rising 3 percent from the year-earlier to $1.56 billion, while e-commerce sales reached $79 million on a 24 percent increase. Operating income for the whole company was $270.6 million.
For the fiscal full year, U.S. same-store sales increased by 5 percent year-over-year, while total sales rose by 7 percent to hit $3.52 billion. The growth is attributed to higher sales from Artistry Diamonds, Jared Vivid Diamonds, Le Vian, Neil Lane Designs, Tolkowsky Diamond and Shades of Wonder, as well as the inclusion of Ultra’s performance for a full year, which added an additional $91.3 million in sales.
RELATED CONTENT: Sterling buying Ultra Stores chain for $57M
Same-store sales for the company overall in fiscal 2014 were up 4 percent, while total sales rose 6 percent, from $3.98 billion to $4.21 billion. Operating income was $570.5 million, a modest 2 percent increase from the previous fiscal year.
“Our strong performance continues to reflect the success of our growth initiatives,” said Signet CEO Mike Barnes. “Creating an outstanding customer experience, delivering compelling merchandise, heightening awareness through our continued advertising investment in support of our store concepts and merchandise brands, and offering customer finance programs in the U.S. all work together to support our customers’ jewelry purchases and drive sales.”
As of Feb. 1, Signet had a total of 1,964 stores across all divisions, including 1,471 in the U.S., up from 1,954 stores in 2013, 1,443 of which were U.S. locations.
RELATED CONTENT: Signet acquiring Zale in $1.4B deal
Looking to fiscal 2015, Signet said that it expects first quarter same-store sales to increase in the range of 3 percent to 4 percent. The company will also continue to work to
integrate Zale Corp. after the deal to acquire the retailer was announced in February.
More on Financials
The Latest
ColumnistsApr 07, 2026
Peter Smith: A Tip to the Post Office on Workplace CultureSmith recounts a recent trip to the post office that included an uncomfortable, embarrassing, and public exchange between two employees.
GradingApr 07, 2026
GIA CFO David Tearle to Retire in June John Cowley, who has more than 30 years of experience, is succeeding Tearle as the lab’s chief financial officer.
Brought to you by
Protect Your Customers and Your BusinessYou deserve to know what you are selling–to protect your customers as well as your business and your reputation.
CollectionsApr 07, 2026
Nerd Out Over Gemology Geek’s First Jewelry CollectionFounder Erica Silverglide has designed 35 colorful pieces set with fluorescing gemstones for the brand's first finished jewelry offering.
Weekly QuizApr 02, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsApr 07, 2026
Ukrainian Jewelers Highlighted In New Book“Ukrainian Jewelry | Contemporary Jewelry and Art Jewelry from Ukraine” features 33 contemporary Ukrainian designers and studios.
CollectionsApr 06, 2026
Fope’s New Jewelry Debuts Are Golden“The Golden Now” campaign celebrates the here and now with the brand’s signature styles and a selection of its new pieces.
Brought to you by
Is This You? Every Jeweler Has This Problem; We Have the Solution.Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.
MajorsApr 06, 2026
Kecia Caffie, Corinne Bentzen No Longer With Signet JewelersSignet confirmed that Caffie, president of Zales and Banter, and Bentzen, who headed Blue Nile, have left the company.
CollectionsApr 06, 2026
Historian Tanzy Ward Pens Book on Black Victorians’ JewelryThe antique jewelry dealer talks about the importance of including Black Americans in jewelry history and preserving their stories.
SourcingApr 06, 2026
Gemfields Reports $51M Loss in 2025Both its mines faced challenges last year, from operational issues to disruptions in the market.
CollectionsApr 03, 2026
Taylor Swift’s ‘Elizabeth Taylor’ Video Puts Jewelry Front and CenterIconic pieces, like the Mike Todd Diamond Tiara, appear in the superstar’s new music video for her song inspired by the actress.
MajorsApr 03, 2026
Saks Global Says It Will Emerge From Bankruptcy This SummerThe luxury retailer, which went Chapter 11 in January, announced Thursday that it has secured $500 million in exit financing.
Events & AwardsApr 03, 2026
JCK Luxury, NouvelleBox Partner on New Designer BallroomThe NouvelleBox ballroom will feature independent jewelry designers, including Lene Vibe, Wyld Box Jewelry, and Kiaia Limited.
CollectionsApr 03, 2026
Buddha Mama Brings Its ‘Moon’ Locket To DallasThe one-of-a-kind locket, our Piece of the Week, opens to reveal three hidden images to keep close to your heart.
MajorsApr 02, 2026
Pandora Opens New Canadian Distribution Center Amid Tariff ConcernsThe new facility was also designed to better serve its growing customer base in Canada.
TrendsApr 02, 2026
Michelle Yeoh Fronts New Mikimoto Campaign The campaign is a tribute to the year 1893, when Kokichi Mikimoto created the world’s first cultured pearl.
GradingApr 02, 2026
GIA Debuts New Campus in TaiwanIt is the only GIA school to offer the GIA Graduate Gemologist program in Chinese.
MajorsApr 02, 2026
DCA Launches ‘Second Spark’ Workforce InitiativeThe initiative connects veterans and parents returning to the workforce with careers in jewelry retail.
MajorsApr 02, 2026
Hoover & Strong Names New National Sales RepresentativeThe wholesale manufacturer and precious metals refiner has appointed Michael Angelo as its new national sales representative.
MajorsApr 01, 2026
Foundrae Sues Pandora for Allegedly Copying Its Medallion DesignsFoundrae also accused the jewelry giant of copying its mood board style of marketing.
AuctionsApr 01, 2026
John Jacob Astor IV’s Titanic Pocket Watch Heads to AuctionA Patek Philippe for Tiffany & Co. timepiece owned by the American businessman who died on the Titanic will be offered at Freeman's Chicago.
SurveysApr 01, 2026
Consumers’ Outlook Improves Again in MarchThe Conference Board’s Consumer Confidence Index edged up, with optimism about the present outweighing worries about the future.
IndependentsApr 01, 2026
Zachary’s Jewelers’ Constance Polamalu to Release Children’s BookThe retailer’s Zach Bear gift comes to life in “Zach Bear and the Window Necklace,” which centers on curiosity, bravery, and helping.
Events & AwardsApr 01, 2026
AGA Opens 2026 Gemological Scholarship, Research Grant ApplicationsApplications are open for the AGA Gemological Scholarship Program through May 15, and until June 2027 for the Gemological Research Grant.
ColumnistsMar 31, 2026
Q1 Clues That Reveal Where Your Jewelry Store’s Sales Are Heading These customer behavior patterns say a lot about how successful your jewelry store is going to be this year, Emmanuel Raheb writes.
CollectionsMar 31, 2026
Mejuri Adds Silver to ‘Puzzle’ CollectionMejuri’s popular collection of 18-karat yellow gold vermeil rings debuted in sterling silver alongside new “Puzzle” slider charms.
