Signet Jewelers Adjusts Inventory to Meet Consumer Demand, CEO Says -- Market Talk

Dow Jones

03-20

1315 ET - Signet Jewelers didn't have the right products in stock to meet demand through the holiday season, CEO J.K. Symancyk says on a call with analysts. "Since the holidays, the team has been focused on filling these assortment gaps and expanding the availability of on-trend merchandise," such as lab-grown diamonds that retail for between $200 and $500, he says. The company is quickly adjusting its inventory, as evidenced by its positive same-store sales so far this quarter. "We will continue to make changes to our assortment this spring to drive improvement for the next two major gifting seasons," Symancyk says. Signet surges 17% after the company says it plans to restructure its operations and withdraw from some shopping malls. (connor.hart@wsj.com)

(END) Dow Jones Newswires

March 19, 2025 13:15 ET (17:15 GMT)

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Symancyk says on a call with analysts. \"Since the holidays, the team has been focused on filling these assortment gaps and expanding the availability of on-trend merchandise,\" such as lab-grown diamonds that retail for between $200 and $500, he says. The company is quickly adjusting its inventory, as evidenced by its positive same-store sales so far this quarter. \"We will continue to make changes to our assortment this spring to drive improvement for the next two major gifting seasons,\" Symancyk says. Signet surges 17% after the company says it plans to restructure its operations and withdraw from some shopping malls. 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Symancyk says on a call with analysts. \"Since the holidays, the team has been focused on filling these assortment gaps and expanding the availability of on-trend merchandise,\" such as lab-grown diamonds that retail for between $200 and $500, he says. The company is quickly adjusting its inventory, as evidenced by its positive same-store sales so far this quarter. \"We will continue to make changes to our assortment this spring to drive improvement for the next two major gifting seasons,\" Symancyk says. Signet surges 17% after the company says it plans to restructure its operations and withdraw from some shopping malls. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Signet Jewelers首席执行官表示，调整库存以满足消费者需求——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SIG":1},"content_text":"1315 ET - Signet Jewelers didn't have the right products in stock to meet demand through the holiday season, CEO J.K. Symancyk says on a call with analysts. \"Since the holidays, the team has been focused on filling these assortment gaps and expanding the availability of on-trend merchandise,\" such as lab-grown diamonds that retail for between $200 and $500, he says. The company is quickly adjusting its inventory, as evidenced by its positive same-store sales so far this quarter. \"We will continue to make changes to our assortment this spring to drive improvement for the next two major gifting seasons,\" Symancyk says. Signet surges 17% after the company says it plans to restructure its operations and withdraw from some shopping malls. (connor.hart@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  March 19, 2025 13:15 ET (17:15 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}