Home builders are near multi-year highs, rallying two to three percent; while Tiffany's delivers a little blue box to investors in the form of strong first quarter earnings.» Read More
NEW YORK-- Signet Jewelers Ltd. plans to buy back up to $350 million of its common stock. Its shares rose 48 cents to $68.45 in premarket trading. Last month the Bermuda- based company reported that its first-quarter net income rose 11 percent on strong performances at its U.S. Kay Jewelers and Jared retail stores.
May 23- Signet Jewelers Ltd reported higher first-quarter sales and profits on Thursday, lifted by brisk business at its mid-priced Kay Jewelers chain at Valentine's Day and leading up to Mother's Day.
May 22- Zale Corp said on Wednesday its new chairman would be the former chief executive of its biggest rival, and shares of the mid-tier jeweler jumped 30 percent. Terry Burman, who was CEO of Kay Jewelers parent Signet Jewelers Ltd from 2000 to 2011 and oversaw large U.S. market share gains, will take up the chairmanship post next Friday, Zale said.
May 22- Zale Corp on Wednesday reported a modest bump in third-quarter same-store sales and said the former chief executive of its biggest rival, Kay Jewelers parent Signet Jewelers Ltd, will be its new chairman.
*Tiffany shares down 3.3 percent; Zale up 8.4 percent. Jan 10- Tiffany& Co posted holiday sales that suggested its torrid growth of recent years was stagnating in the United States, Japan and Europe, with China the only bright spot for the upscale jeweler.
Jan 10- Tiffany& Co said on Thursday that its net worldwide sales during the holiday season had risen 4 percent, continuing a trend of disappointing gains this fiscal year, and the upscale jeweler said it would plan conservatively for 2013..
*Shares up 8.4 pct, Tiffany, Zale also up. Jan 8- Signet Jewelers Ltd reported brisk holiday season sales at both of its major U.S. chains, the mid-priced Kay Jewelers and the higher end Jared stores, and said business has remained good as the jeweler heads toward Valentine's Day.
Jan 8- Signet Jewelers Ltd reported brisk holiday season sales at both of its major U.S. chains, the mid-priced Kay Jewelers and the higher end Jared stores, and said business has remained good since the end of the Christmas period. Chief Executive Mike Barnes said, however, that business has "improved" in Britain after the holidays.