Wednesday, 12 April 2017 11:17

Signet Expanding Barberton Facility

Fairlawn-based Signet-Jewelers announced Tuesday that they will be expanding their Barberton fulfillment center. 

In a statement, the company said they'll add another 56,000 square feet to the facility, expanding it to 134,000 square feet. 

"This expansion is vitally important to Signet's continued success and enables us to configure an ideal space to best meet the needs of our business and our Team," said Bryan Morgan, Signet Jewelers' chief operations officer in the press release. "It is an initiative that will further cultivate the growth of Signet as a Company nationwide, as well as in the Barberton area and the entire Greater Akron community."

The Barberton facility will add about 18 new jobs. 

Signet has made headlines for the wrong reasons recently, amid allegations of rampant sexual harassment throughout the company on an executive level. Following the allegations, which came to light late last year, a lawsuit was filed on behalf of stockholders who claim they were mislead on the severity of the harassment claims and told that their stock would not be adversely affected. 

It was. 

In 2015 the company was trading as high as $140.00 a share. Recently, shares for Signet stock have been traded as low as $70, Crain's Akron

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