Signet Jewelers UK sales fall due to ‘difficult operating environment’

H Samuel

Ernest Jones and H Samuel owner Signet Jewelers sales fell during the golden quarter due to the tough trading environment in the UK.

Signet’s international same-store sales decreased 3.1% during the 9 weeks to January 4.

However, its online sale grew 15.8% but bricks and mortar sales fell 6% on a like-for-like basis. The jewellery specialist attributed its declining sales in the UK to the “difficult operating environment”.

Its stores in North America registered a 2% uptick during the same period and online sales jumped 13.3%. However, on a like-for-like basis sales edged up just 0.4%

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