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IPMI and Industry News: Industry News

Signet Jewelers Q2 Results

Friday, August 25, 2017  
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Signet's Stock Price Soars After Q2 Results, Acquisition Announcement

Signet Jewelers reported a positive performance for its second quarter Fiscal 2018, with same store sales up 1.4 percent, driven by eCommerce platform improvements, Mother's Day performance and timing, effective marketing and bridal promotion initiatives. The stock market liked the results, along with its announcement that it will acquire R2Net, the owner of JamesAllen.com and Segoma Imaging Technologies, for $328 million in an all cash transaction. Signet's stock price was up more than 20 percent in early trading. - IDEX 09/24/2017

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