Latest news with #Zales
Globe and Mail
6 days ago
- Business
- Globe and Mail
Signet Jewelers Announces Timing of Fiscal 2026 Second Quarter Earnings Release and Conference Call
Signet Jewelers Limited (NYSE: SIG) intends to announce its second quarter results at approximately 7:00 a.m. ET on Tuesday, September 2, 2025. On that date there will be a conference call at 8:30 a.m. ET and a simultaneous audio webcast available at The call details are: Toll Free – North America (+1) 800 549 8228 International All Other Location: (Toll - Local - New York) - (+1) 646 564 2877 Conference ID 85359 Registration for the listen-only webcast is available at the following link: About Signet: Signet Jewelers Limited is the world's largest retailer of diamond jewelry. As a Purpose-driven and sustainability-focused company, Signet is a participant in the United Nations Global Compact and adheres to its principles-based approach to responsible business. Signet operates eCommerce sites and approximately 2,700 stores under the name brands KAY Jewelers, Zales, Jared, Banter by Piercing Pagoda, Diamonds Direct, Blue Nile, James Allen, Rocksbox, Peoples Jewellers, and Ernest Jones. Our sales derive from the retailing of jewelry, watches, and associated services. Further information on Signet is available at See also
Yahoo
11-06-2025
- Yahoo
Burglary at Foley jewelry store leaves 2 businesses closed, police say
UPDATE (4:30 p.m.): News 5 has clarified the burglar's method of entry, according to police. FOLEY, Ala. (WKRG) — Foley Police Department officers are investigating after a jewelry store at Tanger Outlets was burglarized Sunday night, has learned. Body found in Baldwin County According to officials, someone broke into Zales by breaking through the wall of Rock N Roll Sushi, the adjoining business. INCIDENT LOCATION: FPD received the call around 8:30 a.m. from an employee, who said an unknown amount of jewelry had been taken. Both businesses are closed while police continue to investigate. This story is developing. News 5 will update this article as more information becomes available. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
04-06-2025
- Business
- Yahoo
Signet Jewelers Ltd (SIG) Q1 2026 Earnings Call Highlights: Strong Growth in E-commerce and ...
Revenue: $1.5 billion for the quarter. Same-Store Sales Growth: 2.5% increase. E-commerce Sales Growth: Double-digit growth for Kay, Zales, and Jared. Merchandise Average Unit Retail (AUR): Increased approximately 8% overall; fashion up 10%, bridal up slightly. Gross Margin Expansion: 100 basis points increase from last year. Adjusted Operating Income: $70 million, up more than 20% from last year. Adjusted EPS: $1.18, above last year. Inventory: $2 billion, up approximately 1%. Cash Position: $264 million, with total liquidity of $1.4 billion. Share Repurchases: Approximately 2.3 million shares repurchased year-to-date. Store Closures: 14 stores closed in the quarter; plan to close just under 100 stores within the fiscal year. Guidance for Q2 Sales: $1.47 billion to $1.51 billion. Full-Year Sales Guidance: $6.57 billion to $6.8 billion. Capital Expenditures: Expected to be $145 million to $160 million. Warning! GuruFocus has detected 7 Warning Sign with DG. Release Date: June 03, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Signet Jewelers Ltd (NYSE:SIG) reported same-store sales and operating income growth above their guidance range for the first quarter. The company's 'Grow Brand Love' strategy is showing early signs of delivering long-term sustainable growth by aligning brands with customer expectations. Signet Jewelers Ltd (NYSE:SIG) achieved a more than 30% increase in impressions for its three largest brands with only a low single-digit increase in ad spend. The company reported a 60% increase in lab-grown diamond (LGD) fashion sales, contributing to an 8% increase in average unit retail (AUR) for fashion. Signet Jewelers Ltd (NYSE:SIG) expanded its gross margin by 100 basis points year-over-year, driven by refined promotional strategies and inventory management. James Allen, one of Signet Jewelers Ltd (NYSE:SIG)'s digital brands, created 140 basis points of pressure on comps due to lower brand awareness and positioning challenges. The company faces potential cost impacts and supply chain disruptions due to tariffs, particularly with imports from India and China. Signet Jewelers Ltd (NYSE:SIG) is closing up to 150 underperforming stores over the next two years, reflecting challenges in certain retail locations. The company anticipates slightly higher SG&A as a percentage of sales year-over-year, partly due to incentive compensation resets. Signet Jewelers Ltd (NYSE:SIG) is navigating a dynamic macroeconomic landscape, which includes potential consumer spending variability and tariff uncertainties. Q: Can you quantify the unmitigated tariff pressure and discuss the actions being taken to mitigate these pressures? Also, how are pricing trends in lab-grown and natural diamonds within the bridal and fashion categories? A: J.K. Symancyk, CEO, explained that the company is focusing on design and assortment architecture to maintain margin structure amidst tariff pressures. The tariffs primarily affect imports from India, and the company is leveraging its long lead times and strong inventory position to adjust assortments. Lab-grown diamonds (LGD) have seen continued deflation but are contributing to an increase in average unit retail (AUR) due to consumer trade-ups. Joan Hilson, CFO, added that the guidance includes the current impact of tariffs, with flexibility for unforeseen changes. Q: How is the performance of fashion compared to bridal, and have you seen an increase in new customers due to lab-grown diamonds? A: J.K. Symancyk, CEO, noted that while bridal trends are improving, fashion has shown sequential improvement, particularly in the sub-$500 price point. The introduction of new collections has helped drive positive same-store sales. Lab-grown diamonds have indeed attracted new customers, contributing to growth in both bridal and fashion categories. Q: What are you seeing in terms of consumer health across different brands, and how are you preparing for the upcoming holiday season amidst tariff concerns? A: J.K. Symancyk, CEO, stated that consumer resilience is evident, with AUR growth driven by aligning with consumer trends. For the holiday season, the company plans to focus on targeted marketing and reducing promotional noise, leveraging increased digital reach to expand their customer base. Q: Could you provide details on the penetration of lab-grown diamonds and the implications for your guidance? A: J.K. Symancyk, CEO, mentioned that lab-grown diamonds now represent about 20% of their business, up 5 points from last year. This growth is aligned with their strategic positioning and is expected to drive gross margin expansion. Joan Hilson, CFO, added that the current quarter's performance is near the high end of their guidance range, with flexibility built in for consumer variability. Q: How does the company view the risk of increased tariffs on lab-grown diamonds from India, and what is the outlook for the bridal category? A: J.K. Symancyk, CEO, emphasized that the company is actively managing tariff risks through a task force and leveraging its scale with partners. The lab-grown diamond category is less pressured due to controllable input costs. In the bridal category, unit growth has exceeded industry trends, supported by improved assortment architecture. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
New York Times
29-04-2025
- Politics
- New York Times
A Hot Accessory, at the Intersection of Faith and Culture
When Arianna Salerno first moved to Washington, D.C., in 2022 to attend Catholic University she didn't see many people wearing cross necklaces. But in the past year, she says she has noticed an uptick of the jewelry each time she takes the Metro, and they are now a regular presence on Capitol Hill, where she's held multiple internships. As a millenniums-old symbol of Christian faith, the cross would seem somewhat immune to trendiness. But cross necklaces and pendants have been in vogue before and may be again as some feel more comfortable embracing their faith and seek community with others. On red carpets, on social media, at protests by high-ranking Democrats and in the White House, necklaces with cross pendants are appearing with renewed prevalence. Chappell Roan wore an oversize one to the MTV Video Music Awards in September, and one dangled from Sabrina Carpenter's neck in the music video for her single 'Please Please Please.' The trendy online store Ssense sells them in nearly 50 variations, and mainstream jewelers like Kendra Scott and Zales carry numerous designs. Lately, the cross necklaces flash across cable news screens several times a week, suspended between the collarbones of Karoline Leavitt, the White House press secretary, and Attorney General Pam Bondi. Ms. Bondi, 59, wrote in a statement that her necklaces are an expression of her 'strong Christian' upbringing: 'My faith is very important to me,' she said. 'It is what gets me through each day.' Across TikTok, young Christian women have been sharing the meaning behind their own cross necklaces, saying they help cultivate a sense of belonging and connection with others. Sage Mills, a student at the University of Oklahoma who has posted videos about her cross necklace, said that seeing women in government like Ms. Leavitt and Ms. Bondi wear their own 'makes me feel good. It makes me feel like God is the important thing for people that are governing our world.' The cross, a symbol most associated with the crucifixion of Jesus Christ, first emerged during the Roman Empire when it was an instrument of mass torture, said Robert Covolo, a theologian and associate pastor at Christ Church Sierra Madre near Los Angeles. By the 4th century, Mr Covolo said that Christians had begun to use the cross as an emblem of their religion. Not long after, the cross became a focal point for daily jewelry. Cross jewelry dating as far back as the 5th century is prevalent in the collection of the Victoria and Albert Museum in London. Referencing its original use, Mr. Covolo said the cross was a 'symbol of the Roman Empire asserting its power with impunity.' Over centuries, the cross evolved as a signpost of the moral compass one shares with fellow Christians and a kind of talisman with deeply personal significance. 'They have an official meaning but people bring their own meaning, which is where symbols really get their power,' said Mr. Covolo, 58, who in 2020 published a book about the link between Christianity and fashion. Many still wear theirs as a straightforward declaration of their faith and as an expression of communion with other believers. About 62 percent of U.S. adults identify as Christian, according to a Pew Research Center study released in February. The group's annual religious landscape study also found that the country's Christian population has stabilized after decades of decline. 'It's the easiest way to know that I have shared beliefs with people,' said Ms. Mills, 20, who received her cross necklace as a gift to celebrate her rebaptism last year. When Breanna Anderson, a social media specialist in Orem, Utah, visited Jerusalem in 2022, she purchased her first cross necklace, even though the cross is not a common symbol for her religious affiliation, the Church of Jesus Christ of Latter-day Saints. 'Even though it's not a symbol of the church, it can be a symbol of devotion to Jesus Christ and believing in him,' she said. The necklaces had become more popular with younger congregants of her church, and in broader 'Utah culture,' Ms. Anderson, 26, added. That cultural meaning can be harder to define as the symbol now seems to vary in interpretation across geography, church affiliation and even — to a growing extent — political value systems. The Trump administration has welcomed religion into the West Wing with the establishment of a new White House Faith Office. In recent months, pastors with Christian nationalist beliefs have been invited to the White House numerous times. Cross necklaces have, in a way, become the jewelry of choice most associated with President Trump's second administration. Ms. Bondi owns several cross necklaces but most often appears at official events in a diamond-set version purchased at Mavilo, a jewelry store in Tampa, Fla. Ms. Leavitt, the White House press secretary, has frequently worn a large cross pendant at press Ms. Leavitt is not the first press secretary to wear a cross:Kayleigh McEnany, a press secretary during Mr. Trump's first term also wore one. In an email, Ms. Leavitt, 27, called the cross necklace 'the perfect accessory to any outfit,' adding that she wears the cross 'because it serves as a reminder of the strength that can only be found through faith.' The wearable religious symbol has popped up elsewhere in government. This weekend, Representative Hakeem Jeffries of New York, the top House Democrat, wore a large silvertone cross pendant necklace to stage a sit-in protest against the GOP budget on the steps of the Capitol with Senator Cory Booker of New Jersey. Mr. Jeffries was raised in Brooklyn and in his youth was an usher at the Cornerstone Baptist Church in Bedford-Stuyvesant. Some Christians see the visible integration of Christianity and government as a natural progression of America's founding values — and the cross necklace as a sign of pride and resilience. Daisy Rogers, 25, a stay-at-home mother and volleyball coach in Gilbert, Ariz., said the nation 'was founded on Christian-like values and I don't believe there's a separation. I think it should stay that way.' Ms. Rogers, also a member of the Church of Jesus Christ of Latter-day Saints, began wearing a cross necklace about a year ago as a way to convey her faith when interacting with others. While Ms. Rogers said that she feels like Christians can sometimes be perceived as weak, seeing women in government like Ms. Leavitt wear one offers 'prime examples of how to be strong and Christlike at the same time,' she said. Riley White, a content creator and personal trainer in Birmingham, Ala., began wearing a cross necklace two years ago as a way to 'share Christian values and love' and likened it to an engagement ring. Ms. White, 24, said that recently, she's felt uncertainty when she spots cross necklaces worn by political figureheads in the news. 'I like to see the cross worn by people who have Christian values and who treat people how the Bible tells us to,' said Ms. White. 'It can be hard seeing people wear a cross and hearing how they speak about people in a way that doesn't necessarily align with Christian values.' Lucy Collins, an assistant professor at the Fashion Institute of Technology in New York who teaches courses in philosophy, fashion theory and ethics, said that while cross necklaces are often worn apolitically, their appearance in the political sphere in the United States has introduced implications of partisan politics. 'The cross itself is not a complicated symbol, it clearly represents Christianity,' said Ms. Collins. But in contrast to the simplicity of the cross, she added, 'at this moment Christianity is much more complicated.'
Fashion Network
21-04-2025
- Business
- Fashion Network
Zales ushers in new brand identity
American jewelry retailer Zales is stepping into a new chapter with the launch of a brand campaign, an expanded product assortment, and a reimagined in-store experience, all part of a larger transformation aimed at redefining how a new generation wears fine jewelry. Under the new brand platform, Zales is breaking away from the tradition of saving fine jewelry for anniversaries or special events. Instead, it is championing the belief that jewelry is meant to be worn every day, in every way. To get there, the 'Own It' campaign, directed by filmmaker Marie Schüller and captured by photographer Hannah Sider, asserts a fresh identity for a new generation of confident, fashion-forward consumers who are redefining what it means to wear jewelry with no occasion needed. The campaign highlights an expanded product assortment including trend-driven collections like Stellar Allure's lab- grown diamond fashion designs, and Whimly by Zales, offering accessible price points along with stackable, layer-friendly designs. 'Jewelry is not just about marking milestones; it's about elevating everyday moments. With this new campaign we're inviting our customers to embrace their individuality, wear what they love, and, most importantly, Own It,' said Kecia Caffie, Zales' president. Zales' reinvention also extends to the in-store experience. The brand is currently testing a new 'store of the future' concept that blends immersive, self-serve shopping with curated, vibrant displays and integrated digital tools for a more personalized shopping experience. Lastly, on the media front, Zales is embracing a digital-first approach, venturing into emerging platforms like mobile gaming, connected TV (CTV), and interactive social formats. The brand is also doubling down on influencer partnerships. Zales' creative director Lionel Cipriano added: 'Jewelry is for every occasion — morning coffee, dog walks, even the gym. We're here to make fine jewelry effortless, wearable, and unapologetically you. No rules — just stunning pieces that fit your life. Diamonds with denim? Absolutely. Gold hoops for the morning commute? Why not! When you wear what makes you feel good, you shine. So, own it.'
