Industry News
All Signet Jewelers News
Top stories summarized by our editors
Top stories summarized by our editors

Millennials buying online, in stores drove Signet's Q2

9/7/2021

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.

Digital efforts help Signet Jewelers boost reach, sales

8/19/2021

Signet Jewelers, owner of Zales and Kay Jewelers, has combated declining sales by overhauling its marketing strategy and courting younger shoppers, said Jamie Singleton, president and head of marketing. Efforts such as gleaning data to launch new collections, eliminating costly linear TV ads and focusing on digital channels and social media appear to be paying off, with e-commerce sales up 110% and brick-and-mortar same store sales up 106% for the first quarter compared with the same period in 2020.

Signet sees potential in mid-priced jewelry brands

6/21/2021

Signet Jewelers is betting that the mid-priced market will be its sweet spot for growth. Mid-market chains Zales and Kay Jewelers generate about 60% of the company's revenue, and Signet is making investments in and testing new formats at Jared and Piercing Pagoda, two chains that bookmark the mid-priced segment at the high and low ends, respectively.

Signet CEO stresses online jewelry's growth potential

6/11/2021

The pandemic-fueled shift to online shopping is likely here to stay, Signet Jewelers CEO Gina Drosos said. Signet, the parent of retailers including Zales and Kay Jewelers, reported a 110% jump in e-commerce revenue in the quarter ending May 1 from the same period last year, and e-commerce has become a key investment focus, Drosos said.

How Signet Jewelers keeps shining amid pandemic

3/26/2021

Signet Jewelers, owner of Jared, Kay Jewelers, Piercing Pagoda and Zales, recently reported its best holiday sales in nine years, which chief marketer Bill Brace attributes to digitizing the retail storefront and humanizing the digital experience. Brace also credits a revamped ad strategy with campaigns that are "more culturally relevant" and focus on "authenticity, storytelling and individual expression."

Company hopes facial piercings draw customers to malls

3/4/2021

Signet Jewelers is offering facial piercings at its Piercing Pagoda kiosks in malls and company officials believe it will attract customers to malls. Shopping centers are family friendly and give the company an advantage, according to Barry Gresky, Piercing Pagoda's vice president of operations, administration and piercing services.

Jewelers hope to see the love on Valentine's Day

2/12/2021

Valentine's Day jewelry sales are forecast to fall almost 30% this year, according to an NRF survey, as the holiday arrives without a new round of federal COVID-19 relief checks. Signet Jewelers managed to grow sales at its Kay Jewelers, Zales and Jared banners last year with pandemic-era features including online consultations and curbside pickup options.

Personal shopping goes virtual, gains fans

1/22/2021

Personal shopping services have long been seen as something for the very affluent, but luxury retailers have been working to change that and the pandemic has helped drive more consumers to in-store and virtual shopping services. Neiman Marcus will expand its personal shopper ranks from 65 to 200, Signet Jewelers offers a video chat option and Saks Fifth Avenue's personal stylists have largely gone virtual.

Personal shopping goes virtual, gains fans

1/20/2021

Personal shopping services have long been seen as something for the very affluent, but luxury retailers have been working to change that and the pandemic has helped drive more consumers to in-store and virtual shopping services. Neiman Marcus will expand its personal shopper ranks from 65 to 200, Signet Jewelers offers a video chat option and Saks Fifth Avenue's personal stylists have largely gone virtual.

Do shoppers need to touch jewelry to trust it?

1/15/2021

Online consultations and improved visualization options are two ways Signet Jewelers, which owns brands including Kay and Jared, improved performance in its most recent fiscal quarter. Its three-year "Path to Brilliance" transformation effort has included closing 355 brick-and-mortar stores while focusing on its digital options and in-store order pickup.