Connect with us

Headlines

Signet to Conduct Review of Credit Portfolio

mm

Published

on

Company to consider options as reliance on financing increases.

While reporting its first quarter results on Thursday, Signet Jewelers also said it will conduct a review of its credit portfolio, according to a release from the company. The retailer, which hired Goldman Sachs as an advisor in the review process, notes it will consider a “full range of options” regarding its credit operations. First-quarter credit metrics showed “strong sequential improvement,” the retailer says.

The review announcement comes as Signet has increased its reliance on financing, taking on consumer loans that bankers may view as subprime debt. Stock analysts have also called into question an accounting method used by the retailer that could underestimate future losses.

Read the full release at Business Wire

Advertisement

Advertisement

SPONSORED VIDEO

When Sales Beat Projections, You Know Wilkerson Did Its Job

There are no crystal balls when it comes to sales projections. But when Thomasville, Georgia jeweler Fran Lewis chose Wilkerson to run the retirement/going-out-of-business sale for Lewis Jewelers and More, she was pleasantly surprised to learn that even Wilkerson could one-up its own sales numbers. “Not only did we meet our goal, but we exceeded the goal that Wilkerson had given us by about 134%,” she says. After more than 40 years in the business, Lewis says she decided a few years ago to “move towards retirement.” And she was impressed by Wilkerson’s tenure in the industry. Overall, she’d recommend the company to anyone else who may be thinking it’s time to hang up their loupe. “As a full package, they’ve done a very good job and I’d definitely recommend Wilkerson.”

Promoted Headlines

Most Popular