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Operating income improved from a $22 million loss in 2019 to a $225 million profit in the most recent quarter.
The parent company of H. Samuel and Ernest Jones in the UK, first quarter eCommerce for the whole group were up 110%, with brick and mortar same store sales up 105.7%.
The UK is living through the toughest lock down restrictions in the world, according to the Oxford Covid 19 Government Response Stringency Index, while the United States is close to the global average.
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Signet Jewelers' Christmas holiday sales tell a tale of two countries taking different approaches to get through the current winter swell of covid 19. In...
Same store sales rise for the Signet Jewelers-owned chains for the 13 weeks to the end of October while ecommerce boom.
Share price has risen from under $19 at the start of 2020 to over $30 today thanks to same store sales rising 1.6% for the 9 weeks ended January 4.
Third quarter financials show growth in the United States for Signet Jewelers but sales in the UK are down.
Parent company Signet Jewelers says its UK stores are operating in a "difficult environment".
Christmas trading was a flop for the group, with heavy discounting driving same store sales down by 5.8% for H. Samuel and 8.9% for Ernest Jones.