By  on March 14, 2018

Signet Jewelers is launching an internal restructuring in an effort to stem a continued decline in sales and profits, but Wall Street doesn’t seem optimistic.

Shares of the jewelry retailer fell 20.24 percent to $38.22, an all-time low, after it revealed total sales for fiscal 2017 down 2.4 percent to $6.25 billion and net income attributable to common shareholders of $486.4 million, compared with $531.3 million in fiscal 2016.

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