News

Retail jewelry leader enjoying consumer diamond demand

Consumers went jewelry shopping big time in 2015.

March 29, 2016

Mega diamond retailer Signet Jewelers enjoyed a robust sales year in 2015, with a 14-percent spike to hit $6.55 billion in annual sales and a 24-percent increase in profits per share for the year.

The Bermuda company saw fiscal same-store sales increase by 4 percent and Q4 same-store sales jump 5 percent, according to a Cleveland.com report. For Q4, profits per share jumped 20 percent.

The company's sales include brand sales from Jared the Galleria of Jewelry, Kay Jewelers, Belden Jewelers, and Sterling Jewelers.

The healthy earnings data was due to product innovation, solid target marketing and sterling customer service, according to Signet CEO Mark Light.