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Home / Business / Owner of Kay, Zales and Jareds expects to close more than 150 stores

Owner of Kay, Zales and Jareds expects to close more than 150 stores



"We have not completed the year as strongly as expected due to a highly competitive sales environment, continued consumer failure in the UK, and lower than expected customer demand for older commodity collections that affected our quarterly quarterly results," said CEO Virginia C. Drosos said A statement,

For the fourth quarter of fiscal year 2019, ended February 2, the same store fell by 2%, for the year they fell 0.1% .Signet said on Wednesday it expects in fiscal policy 2020 that the same store sales will fall between area of ​​2.5% decline and flat It expects total sales of $ 6 billion.

Year-to-day, Signet's shares are down to 1

2.5%.

As part of its planned round, Signet has said that It focuses more on products, marketing and online business.


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