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Fashion Jobs
THE BANYAN HR CONSULTS
Merchandising Manager For a Seamless Garments Textile co at Coimbatore
Permanent · Coimbatore
OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Vapi
GOKALDAS EXPORTS LTD
sr. Manager - Technical - Garments Industry Background
Permanent · Bengaluru
NIKE
Lead Technical Product Manager, ed&a – Apla
Permanent · Bengaluru
NIKE
Senior Security Incident Responder – Cis
Permanent · Bengaluru
FAABIIANA
Executive For Online Product & Order Management
Permanent · NEW DELHI
FAABIIANA
Customer Sales Executive (Female)
Permanent · NEW DELHI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Category Manager/sr. Manager-Institutional Sales - Garments Industry
Permanent · Bhiwandi
NIKE
Senior Technical Product Manager, Inventory & Order – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Finance – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Core Erp – Apla
Permanent · Bengaluru
OMREELS BIOSCOPE PVT LTD
Senior Executive Ecommerce
Permanent · MUMBAI
NIKE
Senior Technical Program Manager, Marketing Tech – Dtpo
Permanent · Bengaluru
NIKE
Service Delivery Manager, Operations Center – Tech Ops
Permanent · Bengaluru
NIKE
Director, Security Solutions & Delivery – Cis
Permanent · Bengaluru
NIKE
HR Manager - Nike India Technology Centre
Permanent · Bengaluru
NIKE
Financial Controller - India
Permanent · Bengaluru
NIKE
Software Engineering Manager, Finance & Procurement Technology – cf&c
Permanent · Bengaluru
NIKE
Service Delivery Manager, Sap & Omdl (Order Management & Delivery) – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, Batch & bi – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, HR/Finance & Payroll – Tech Ops
Permanent · Bengaluru
NIKE
Senior Cyber Security Analyst – Cis
Permanent · Bengaluru
By
Reuters
Published
Aug 27, 2012
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Kay Jewelers' sales gains lift Signet quarterly results

By
Reuters
Published
Aug 27, 2012

Signet Jewelers Ltd posted a larger-than-expected quarterly profit on Thursday, with big gains at its mid-priced Kay Jewelers chain spurring renewed sales momentum.


Photo: Signet Jewelers - Photo: Signet Jewelers


Sales at all of its major chains rose and showed more vigor in the second quarter that ended July 28 than in the preceding quarter when U.S. consumer confidence waned and fears of a worsening euro zone crisis led many middle-class shoppers to hold off on buying jewelry.

At its U.S.-based Kay chain, which accounts for almost half of revenue and caters to more price-conscious shoppers, sales at stores open at least a year rose 12.5 percent, compared with a 2.1 jump in the first quarter. At Signet's higher-end Jared stores, they rose 2.4 percent, after barely rising in the spring quarter.

In the United States, Signet competes most directly with Zale Corp and Tiffany & Co, which both report results next week.

In Britain, sales continued to improve despite what Signet had warned in May would be a "promotional" quarter. Its Ernest Jones chain's same-store sales rose 4.4 percent. Still, the company's gross margin there took a hit from shoppers' preference for items that were on sale, Signet said.

Companywide, same-store sales rose 7.1 percent, compared with a slower 1.2 percent in the preceding quarter.

Signet said it expected companywide same-store sales to be up by a low- to mid-single-digit percentage rate this quarter.

The company forecast earnings of between 34 cents and 38 cents per share for the current quarter, compared with the 36 cents Wall Street was expecting, according to Thomson Reuters I/B/E/S.

Net income rose to $70.7 million, or 85 cents per share, from $66.3 million, or 76 cents per share, a year earlier, beating Wall Street forecasts by 2 cents a share.

Its shares rose 1.3 percent to $48.10 in premarket trading in New York, and were up 0.6 percent in London.

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