Investments and investor services
FTSE 100 closes in red as Wall Street suffers, but miners show support
FTSE 100 closed down around six points at 7,132 but big cap miners were up
Company
NYSE:SIG
Signet Jewelers Limited is the largest specialty jewelry retailer in the US, UK and Canada. Signet operates approximately 3,600 stores primarily under the name brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda. The company’s annual sales of approximately $6.4 billion derive from the retailing of jewelry, watches and associated services.
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Investments and investor services
FTSE 100 closed down around six points at 7,132 but big cap miners were up
Wall Street stocks closed lower on Wednesday in New York
The company blamed the credit outsourcing transition for the poor sales performance
Signet expects fiscal year 2018 same store sales will be down mid-single digits
Both Nasdaq and S&P500 hit intraday highs ahead of the Thanksgiving holiday
Same-store sales increased by 1.4%, driven by eCommerce platform improvements, Mother's Day performance and timing, and bridal promotion initiatives
The Zales and Kay owner blamed technical issues with the website of its Sterling Jewelers division