×
354
Fashion Jobs
MANPOWERGROUP SERVICES INDIA
Opening || Horeca Sales Manager || Kolkata
Permanent · Kolkata
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Karaikal
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Thiruvarur
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Tirunelveli
AVANTOR
Area Sales Manager- Lab Consumables
Permanent · Pune
ADIDAS
Manager Brand Activation Originals
Permanent · GURUGRAM
ZACH LIFESTYLE PVT. LTD.
Manager - Content & Social Media
Permanent · MUMBAI
MONALISA ELECTRONIC DESIGN CENTRE PRIVATE
Excellent Job Opportunity For Area Sales Manager- gt & mt
Permanent · Shimla
RRD
Associate Production Manager
Permanent · Chennai
GOKALDAS EXPORTS
Executive - Warehouse (Apparel / Garments Background)
Permanent · Bhopal
NEW ALFA INTERNATIONAL
Foundry Production Manager
Permanent · Dubai
MEDCIS PATHLABS
Medcis Pathlabs is Hiring For Pathology Area Sales Manager
Permanent · Visakhapatnam
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-b.Tech Fresher-German Mnc -Immediate Joining
Permanent · Bhubaneswar
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-Denmark Mnc - Medical Device or Hearing Aid
Permanent · Chennai
PEOPLE ALLIANCE WORKFORCE
Area Sales Manager - Cosmetics & Personal Care - Fmcg Industry
Permanent · Bhopal
DESAI ELECTRONICS
Manager Production
Permanent · Pune
PEOPLE ALLIANCE WORKFORCE
Area Sales Manager - Ophthalmic Segment/Ent- Pharma Industry
Permanent · Bengaluru
PEOPLE ALLIANCE WORKFORCE
Sales And Marketing Executive/Asst. Manager -Rigid/Plastics Packaging
Permanent · National Capital Region
BT PRINT PACKAGING SOLUTIONS LLP
Sales Engineer / Businesss Development Manager / Area Sales Manager
Permanent · Faridabad
PEOPLE ALLIANCE WORKFORCE
Area Sales Manager/Asm/Sales Manager- Pharma Industry
Permanent · Chennai
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-Denmark Mnc - Medical Device or Hearing Aid
Permanent · Surat
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-b.Tech Fresher-German Mnc -Immediate Joining
Permanent · Mangaluru
Published
Aug 25, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Signet 2Q saved by e-commerce, acquires R2Net to enhance omni-channel

Published
Aug 25, 2017

Signet Jewelers was off to a rocky start to its fiscal year, posting a decrease in sales and net income in the first quarter, but the company made up for the performance with its second quarter.


Signet Jewelers

 
Total sales for the quarter increased 1.9% to $1,399.6 million, compared to a 2.6% decrease in the prior year’s second quarter and an 11.1% decrease in the first quarter of fiscal 2018. Same store sales increased 1.8%, led by Piercing Pagoda, which increased 7.0%, and e-commerce sales increased 18.1% to $82.2 million.
 
In addition, net income attributable to common shareholders increased to $85.2 million, or $1.33 per diluted earnings per common share, from $81.9 million, or $1.06 diluted earnings per common share.

"Our encouraging second quarter performance reflects Signet's fundamental competitive strengths and the progress we are making on our strategic priorities,” said CEO Virginia C. Drosos, who was named CEO in July. “We delivered positive same store sales performance and managed our cost base to deliver operating margin expansion in a highly promotional environment. Further, today we announced the acquisition of JamesAllen.com to add a leading, fast-growing online jeweler to our portfolio.”
 
Signet also acquired R2Net, the owner of JamesAllen.com and Segoma Imaging Technologies, for $328 million in an all cash transaction. The acquisition will bring together Signet’s retail business with R2Net’s digital technology that includes 360° Diamond Display Technology, Virtual Ring Sizer and Ring Try-On mobile application.

Founded in 2006 by Oded Edelman, James Schultz, Michele Sigler and Dean Lederman, R2Net is a New York City-based company with global operations, including technology innovation centers in Israel and 24/7 customer service operations in Frederick, Maryland.
 
“This is a highly strategic acquisition for Signet,” added Drosos. “The James Allen brand and R2Net’s technologies and innovative approach present a unique opportunity to rapidly enhance our digital capabilities and create a distinctive customer shopping experience which more seamlessly integrates our digital and physical retail platforms.”
 
Signet reiterated fiscal 2018 same store sales guidance and updated its earnings per share guidance. The company still expects same store sales to be down in the low-mid single-digits and the EPS to be between $7.16 and $7.56. 

Copyright © 2023 FashionNetwork.com All rights reserved.