Market NewsNewsSignet holiday sales dip

Signet holiday sales dip

Signet Jewelers Ltd. saw its shares take a beating in premarket trade after its holiday sales numbers fell from a year ago, reported.

The diamond jewelry retailer revealed that total sales for the nine weeks ending December 30 fell by 3.1% to US$1.88bn from US$1.94bn a year ago, said the report. During the same period, same-store sales also fell, more sharply by 5.3%, against 4.6% the previous year., it said.

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