Connect with us

Headlines

With Jared Sales Down Sharply, Signet CEO Cites Effect of Presidential Candidates

Published

on

Bridal customers are looking for stability, says Mark Light.

Same-stores sales are down 7.6 percent at the 270 Jared stores, and the reason could be politics, says Mark Light, chief executive officer of Jared parent Signet Jewelers Ltd., which also owns the Signet, Kay and Zales brands. Light told the Times-Picayune of New Orleans that upcoming U.S. elections are unsettling bridal customers. “They just want to get some stability and understand what’s going on as a whole in the world and what’s going on in the presidential election,” Light told the newspaper. Another possible factor affecting sales overall: the Jared chain’s 24 stores in Texas, where business has softened because of the oil glut.

Read more at the Times-Picayune

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Gone Fishin’ (Thanks to Wilkerson)

Whether you want to go fishing — or enjoy some of the other good things life has to offer — you can take a cue from Jim Adair and choose Wilkerson to run your retirement sale. After 38 years in business, Adair decided it was time to enjoy some free time. His Missoula, Montana store, Adair Jewelers, will stay in business but without him at the helm. It was the perfect opportunity to call in the experts in retirement sales. Adair says he spoke to a lot of people who have done retirement sales to help him make his decision and he chose Wilkerson. “Wilkerson seemed to have the best set up, the best organization, the most current marketing of any of them,” he says. “If you want to run a successful sale, you have too much money on the line to be screwing around with trying to do it yourself.”

Promoted Headlines

Most Popular