Signet Jewelers (SIG) expects a challenging environment for the jewelry industry in FY2024

Gerard Ortiz

Shares of Signet Jewelers Limited (NYSE: SIG) were being up above 1{05995459f63506108ab777298873a64e11d6b9d8e449f5580a59254103ec4a63} on Tuesday. The inventory has acquired 10{05995459f63506108ab777298873a64e11d6b9d8e449f5580a59254103ec4a63} year-to-day and 12{05995459f63506108ab777298873a64e11d6b9d8e449f5580a59254103ec4a63} in excess of the past 3 months. The corporation saw its product sales decline in the fourth quarter of 2023 due to several headwinds and it thinks the […]

Brilliant Earth used fine jewelry to find new customers

Gerard Ortiz

Online jewelry retailer Brilliant Earth brought in an influx of new customers in 2022, the company reported. Net sales were down for the fiscal quarter ended Dec. 31 by 1.9{05995459f63506108ab777298873a64e11d6b9d8e449f5580a59254103ec4a63}, to $119.6 million from $121.9 million. However, sales for the entire year were up 15.7{05995459f63506108ab777298873a64e11d6b9d8e449f5580a59254103ec4a63}, to $439.9 million from $380.2 million. Brilliant […]