Millennials buying online, in stores drove Signet's Q2
Signet Jewelers, the parent of jewelry banners Jared, Zales, Kay and Piercing Pagoda, reported a 31% jump in sales and a 38% rise in same-store sales in the quarter ending July 31, compared to the same period in 2019. The retailer raised its full-year guidance and cited millennials buying engagement rings both in stores and online as a big sales driver.