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

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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

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