• Most Popular
  • Most Shared

Signet Q1 group like-for-like sales down 2.5 pct

Thu May 8, 2008 7:33am EDT

Stocks

   

LONDON, May 8 (Reuters) - Signet Group Plc (SIG.L), the world's biggest speciality jewellery retailer, said on Thursday group like-for-like sales fell 2.5 percent in the first quarter.

Stocks

In the United States, where Signet trades as Kay Jewelers and Jared the Galleria of Jewelry, like-for-like sales fell by 4.7 percent. In Britain, where it trades as H.Samuel and Ernest Jones, sales rose by 5.3 percent.

When reporting a 16.8 percent fall in profit for the year to Feb. 2 last month, Signet said like-for-like sales at the start of its new financial year had fallen by around 4 percent in the United States but shown a mid single digit increase in Britain. In the fourth quarter, group like-for-like sales fell by 6.7 percent, including declines of 8.6 percent in the United States and 1.7 percent in Britain. (Reporting by Mike Elliott)



More from Reuters

Photo

Healthcare bill passes second test in Senate

WASHINGTON (Reuters) - U.S. Senate Democrats cleared the second of three 60-vote hurdles on President Barack Obama's healthcare overhaul on Tuesday, moving the landmark legislation one step closer to passage by Christmas. | Video

Photo

The end of the carry trade?

Borrowing the dollar cheaply to fund purchases of higher-yielding assets was a no-brainer in 2009, but will it be a safe bet in 2010?  Full Article 

Cars travel along an overpass with an advertisement of a Saab vehicle in the background in Budapest December 21, 2009. REUTERS/Laszlo Balogh

Spyker races to clinch a deal

The Russia-backed carmaker is pressing ahead with a renewed bid for GM's Saab as reports of new backing from a Dutch billionaire swirl.  Full Article