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...The results benefited from a shift in the timing of promotions at its Jared brand and reflected the company’s efforts to refresh its offerings and clearance sales to make way for new products....
...Comparable sales at Kay, its largest brand, slid 0.8 per cent and sales at Jared were down 8 per cent. At Zales, comparable sales rose 2.9 per cent while at Pagoda they were up 16.9 per cent....
...Signet, the group behind the jewellery brands Kay, Zales and Jared, has been much harder hit. The shares have lost about three-quarters of their value over the past three years....
...Same-store sales fell 1.9 per cent at Kay, its largest division, and were down 7.8 per cent at its Jared brand....
...Trinket retailer Signet Jewelers, which owns high-street brands such as the UK's H Samuel and US Jared Diamonds, announced results for the year to February on Wednesday....
...Signet Jewelers, the world’s largest buyer of diamonds, has had a tough year dealing with accusations of gem swapping and uncertainty about the future of its in-house credit business....
...Signet Jewelers, the owner of the Kay and Jared jewellery chains, climbed after executives said they were “confident” they would meet 2015 goals and forecast earnings ahead of Wall Street’s expectations....
...Total sales at the group, which operates mid-price Kay Jewelers and more upmarket Jared stores in the US, and H Samuel and Ernest Jones in the UK, were down 2.5 per cent to $613.6m in the three months to...
International Edition