Thursday, 15 March 2018 10:43

Akron-Based Signet Jewelers Closing 200 Stores

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Akron-based Signet Jewelers plans to close 200 mall-based stores, reduce costs, and beef up e-commerce, to improve long-term operational and financial performance. This, as a result of recent sales declines.

Market Watch, and Wall Street Journal report the retailer, which owns Kay Jewelers, Zales, and Jared the Galleria of Jewelry, says it hasn't adapted quickly enough, as consumers make fewer trips to stores, and shop more online.

Click here to read a more detailed explanation, from the company's press release.

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