Signet Forecasts Big Sales Rise After Strong Start to Year

Huge American jewelry retailing brand Signet Jewelers forecasts sales growth of up to 88% for its first fiscal quarter due to excellent market conditions in the first part of this year.
 
“Signet has seen stronger-than-expected conversion and average ticket values in the first quarter,” the jeweler said.
 
“The company believes this top-line strength is likely due to a combination of traction from strategic initiatives, as well as tailwinds from stimulus, tax refunds and consumer enthusiasm on the heels of vaccine rollouts.”
 
The announcement comes during a buoyant period in the diamond and jewelry industry, with consumers shopping again following the store closures of 2020, according to a report on Rapaport News.
 
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