Headlines

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

Published

10 years ago

August 29, 2016

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.

After 35 Years in Kent, Bonaci Fine Jewelers Found the Right Partner to Close the Right Way

Bob Bonaci spent 35 years building a jewelry business and community presence in Kent, Washington. When he decided it was time to retire, he knew the process would take careful planning — and the right help. Fellow jewelers who’d been through it pointed him to Wilkerson. The results exceeded expectations. Wilkerson’s hands-off approach let Bonaci step back while the team handled every detail, meeting his personal and financial goals throughout. “It is phenomenal, the success that we’ve had.” Watch Bob share his retirement story.