Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its...US Marketsread more
The Fed is not likely to make a move on interest rates when it meets next week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
With uncertainty keeping a lid on U.S. stocks, Ed Clissold of Ned Davis Research says the rest of 2019 is likely to be a "choppy," but somewhat opportunistic, ride for...Futures Nowread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
Signet Jewelers plans to close more than 150 stores in fiscal 2020 as part of its turnaround plan, the retailer announced Wednesday.
The parent company of Kay, Zales and Jared jewelers is recovering from a weak holiday season that forced it to slash its profit outlook. It has been under pressure as foot traffic at malls has fallen and the industry has increasingly relied on promotions to get sales.
"We did not finish the year as strongly as expected due to a highly competitive promotional environment, continued consumer weakness in the UK, and lower than expected customer demand for legacy merchandise collections that impacted our holiday fourth quarter results," CEO Virginia C. Drosos said in a statement.
For the fourth quarter of fiscal 2019, ended Feb. 2, same-store sales fell by 2%. For the year, they dropped 0.1%. Signet said Wednesday that it expects in fiscal 2020 that same-store sales will fall between a range of a 2.5% decline and flat. It expects total sales of $6 billion.
Year to date, Signet's shares are down 12.5%.
As part of its planned turnaround, Signet has said it is focusing more on products, marketing and online business.