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

It’s Going to Set Us Up Very Nicely for Retirement

You’ve worked hard all your life. And if you’re like most jewelers contemplating retirement, you’re hoping that your going-out-of-business sale will add to your nest egg — with minimal complications. That’s exactly what Doug and Jacki Friedrich, fourth-generation owners of Friedrich Jewelers Inc., of Vernon, Conn., experienced when they selected Wilkerson to run their sale. “Jewelers who are contemplating a sale should go with Wilkerson because of their experience,” says Doug. And with financial goals “exceeding expectations,” the couple can now focus on enjoying the next chapter of their lives. “It’s going to set us up very nicely for retirement,” says Jacki. “The money’s coming in and we have no complaints. It’s been wonderful.”

Promoted Headlines

Most Popular