H.Samuel and Ernest Jones have suffered a slump in sales of almost 4% for the nine weeks ending December 30, 2017.
Signet Jewelers, the US-based parent group of the UK multiples, reported today that sales at H.Samuel dropped year-on-year by 3.9% to for the key holiday period. Ernest Jones turnover was down by the same 3.9%.
Both chains had the same number of stores this year compared to Christmas 2016.
After accounting for the strengthening of the dollar against sterling over the comparative period, sales at H.Samuel were down 10.2% to $95.3 million. Ernest Jones was also down by 10.2% to $81.8 million.
UK sales declined due principally to bridal and diamond fashion jewellery, partially offset by higher sales in select prestige watch brands and strength in e-commerce, Signet said in a trading statement.