Content about Sterling Jewelers

April 15, 2014

Signet Jewelers’ $1.4 billion deal to acquire 90-year-old jewelry mainstay Zales made big headlines back in February. But reporters, analysts and investors were not the only ones paying attention to the pending purchase — as soon as they heard the news, mall managers and mall-based jewelers knew the King Kong of retail jewelry had just been born.

By Michael Lebowitz, director of jewelry, White Pine Jewelry Solutions

February 19, 2014

In a deal that would combine the two largest mid-tier jewelry chains in the United States, Signet Jewelers Ltd. has agreed to buy rival Zale Corp.

Hamilton, Bermuda - In a deal that would combine the two largest mid-tier jewelry chains in the United States, Signet Jewelers Ltd. has agreed to buy rival Zale Corp. The total estimated value of the deal is about $1.4 billion. Signet will offer $21 in cash for each Zale share, representing a 41% premium over Tuesday's closing price.

December 20, 2013

Kay Jewelers has launched a "Merry Match" sweepstakes on its Facebook page and for Twitter pages from Dec. 20-Dec. 24.

Akron, Ohio – Kay Jewelers has launched a "Merry Match" sweepstakes on its Facebook page and for Twitter pages from Dec. 20-Dec. 24.

September 9, 2013

Sterling Jewelers and Zale Corporation have reached a negotiated settlement of a lawsuit pending in The United States District Court for the Northern District of Ohio.

Akron, Ohio - Sterling Jewelers and Zale Corporation have reached a negotiated settlement of a lawsuit pending in The United States District Court for the Northern District of Ohio. The suit, originally filed in November 2012, alleged that Zale was engaging in false advertising by calling one of its diamonds “the most brilliant diamond in the world.”

The settlement will go into effect March 2014. Details are confidential.

 

July 11, 2013

Kay Jewelers said it has teamed with wedding site The Knot to launch an interactive wedding ring style quiz on Facebook.

Akron, Ohio -- Kay Jewelers said it has teamed with wedding site The Knot to launch an interactive wedding ring style quiz on Facebook.

As part of the promotion, consumers visit The Knot or Kay Jewelers on Facebook and answer questions about personal style and wedding ring preferences. Once complete, participants will receive their wedding ring personality types along with brand suggestions, and will be entered into a sweepstakes to win a pair of wedding bands from Kay.

May 22, 2013

Zale Corp. on Wednesday reported net income of $5.1 million for the third quarter, compared with a loss of $4.5 million in the year-ago period.

Dallas — Zale Corp. on Wednesday reported net income of $5.1 million for the third quarter, compared with a loss of $4.5 million in the year-ago period. The company also named Terry Burman as a director and as chairman of the board. Burman is the former CEO of Signet Jewelers Ltd., parent of Zale’s biggest rival, Kay Jewelers.

John Lowe Jr., Zales’ chairman for the past five years, will remain on the board.

March 28, 2013

Signet Jewelers Ltd. reported better-than-expected fourth-quarter results, helped by sales gains at its biggest division, Kay Jewelers.

Hamilton, Bermuda -- Signet Jewelers Ltd. reported better-than-expected fourth-quarter results, helped by sales gains at its biggest division, Kay Jewelers. The company, which raised its quarterly dividend by 25%, said it anticipates opening 65 to 75 new U.S. stores for the year. 


Signet, which also operates the Jared chain in the United States and the Ernest Jones stores in Britain, said revenue increased 11.8% to $1.51 billion for the quarter ended Feb. 2.

January 16, 2013

IBM announced that jewelry chain Signet Jewelers has teamed with IBM on a major e-commerce strategy and digital marketing redesign for Signet's national U.S. store chains, Kay Jewelers and Jared the Galleria of Jewelry.

Armonk, N.Y. -- IBM announced Wednesday that jewelry chain Signet Jewelers has teamed with IBM on a major e-commerce strategy and digital marketing redesign for Signet's national U.S. store chains, Kay Jewelers and Jared the Galleria of Jewelry.

The initiative has resulted in consistent sales growth, including a year-over-year increase of 49% in online sales as reported in the company's recently announced holiday sales for fiscal 2013.

February 16, 2012

Sterling Jewelers said Thursday it has named Ed Hrabak, senior VP merchandising, as COO to succeed Bill Montalto, who is retiring from the position in June.

Akron, Ohio -- Sterling Jewelers said Thursday it has named Ed Hrabak, senior VP merchandising, as COO to succeed Bill Montalto, who is retiring from the position in June.

Hrabak has been with Sterling for over 25 years, assuming increasingly greater management responsibility during his tenure.

Sterling also announced that Stuart Lee, VP merchandising, will be promoted to senior VP merchandising upon Hrabak’s promotion to COO.

March 30, 2011

Signet Jewelers Ltd., whose brands include Kay Jewelers and Jared The Galleria of Jewelry, reported Wednesday that net income for the quarter ended Jan. 29 decreased 9% to $105.4 million, from $115.5 million a year earlier.

Bermuda -- Signet Jewelers Ltd., whose brands include Kay Jewelers and Jared The Galleria of Jewelry, reported Wednesday that net income for the quarter ended Jan. 29 decreased 9% to $105.4 million, from $115.5 million a year earlier.

Revenue for the period rose 6% to $1.27 billion from $1.2 billion, meeting Wall Street expectations. Same-store sales increased 8.1%.

March 24, 2010

Signet Jewelers said Thursday it posted a profit of $117.2 million in the fiscal fourth...

January 25, 2009

Littman Jewelers stores throughout Tennessee will change their name to Fred Meyer Jewelers, effective Wednesday,...

January 8, 2009

Signet Jewelers Ltd., the parent of Kay Jewelers and Jared chains, said Thursday its same-store...

July 10, 2008

Signet Group PLC, the parent company of Kay Jewelers, said Thursday that its board is...