Signet Jewelers Ltd., parent of Zales, Kay Jewelers, Jared and other jewelry banners, will undertake a real estate review as part of a new, three-year strategy to revive the company and drive long-term profitability.
The jewelry giant anticipates closing more than 200 stores by the end
of fiscal 2019. With three-quarters of the stores expected to close
located in the same mall as another Signet banner, the company said it
expects approximately 30% of revenue from closed stores to transfer to
remaining Signet stores.. . . more