By  on January 10, 2018

Signet Jewelers Ltd.’s stock hovered near all-time lows after the retailer revealed a drop in holiday sales.

Total sales during the nine weeks ended Dec. 30 fell to $1.88 billion, a decrease of $59.2 million or 3.1 percent from a year earlier, while same-store sales declined 5.3 percent. Sterling’s stock slipped 7 percent to $52.62 during morning trading, a monthly low and one of the lowest rates for the company since 2012.

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