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Kevin Goddard, director of buying and merchandising for Ernest Jones and H. Samuel until this summer, has switched sides to launch Zenn Style watches.
Same store sales for Signet Jewelers fell by 38.9% for the 13 weeks from the beginning of February to May 2, the group announced today.
Signet Jewelers and Kering, home to Ulysse Nardin, Gucci and Girard-Perregaux, are the only businesses associated with Swiss watchmaking that make the list.
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.
Life is not easy at the volume end of the watch market today, which is why this year's finalist deserve particular congratulations for innovation and execution.
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.
Rising sales for prestige watches fail to offset falling revenue from bridal jewellery, fashion jewellery and fashion watches.
WatchPro analyses the sales and profits of retail groups generating £1.73 billion from the sale of watches and jewellery in 2017-18.