A Look at Signet’s Sales During the Holidays

Signet Jewelers (SIG) reported total sales of $1.9 billion in the nine weeks ended December 30, 2017, reflecting a YoY (year-over-year) fall of 3.1% due to weakness in its Sterling Jewelers division. The company’s same-store-sales, or comps, fell 5.3% due to credit outsourcing transition disruptions impacting its Sterling Jewelers sales. Amid the gloom, Signet’s e-commerce sales jumped 47.7% YoY to $0.2 billion, led by growth in the Sterling Jewelers division due to the company’s R2Net acquisition.