{"id":14585,"date":"2022-03-23T18:21:36","date_gmt":"2022-03-23T12:51:36","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=14585"},"modified":"2022-03-23T18:21:40","modified_gmt":"2022-03-23T12:51:40","slug":"signets-fy-2022-sales-skyrocket-50-to-7-8-billion-suspends-business-ties-with-russian-backed-companies","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/signets-fy-2022-sales-skyrocket-50-to-7-8-billion-suspends-business-ties-with-russian-backed-companies\/","title":{"rendered":"Signet\u2019s FY 2022 Sales Skyrocket 50% To $7.8 Billion; Suspends Business Ties With Russian-backed Companies"},"content":{"rendered":"\n<p>Signet Jewelers saw a 29% jump in total sales to $2.8 billion for the fourth quarter that ended 29<sup>th<\/sup> January, 2022. The company\u2019s Q4 brick and mortar sales of $2.3 billion, were up 34.6%, and e-commerce sales grew 9% to $556 million on a year-on-year basis.<\/p>\n\n\n\n<p>\u201cThank you to our team for their dedication, agility and excellent execution again this quarter and throughout the past year. The investments we have made in our Connected Commerce capabilities and differentiated banner assortment and marketing have driven meaningful share gains, with all categories and all banners outpacing jewellery industry growth,\u201d said Signet Chief Executive Officer Virginia C. Drosos.<\/p>\n\n\n\n<p>\u201cDespite a challenging macro environment ahead, we believe that we are well-positioned in partnership with our strategic suppliers. We&#8217;re confident in the sustainable competitive advantages we&#8217;ve built and our ability to leverage our enhanced infrastructure and scale to continue growing ahead of the jewellery industry.\u201d<\/p>\n\n\n\n<p>For the full Fiscal 2022, total sales shot up 50% to $7.8 billion, consisting of a 56% growth in brick-and-mortar sales of $6.3 billion, and a 28% jump in e-commerce sales of $1.5 billion. Signet also informed that it has suspended business interaction with Russian-owned entities since the beginning of the Russian invasion of Ukraine. The Signet Love Inspires Foundation donated $1 million to the Red Cross-Ukraine humanitarian relief efforts towards food, medical supplies, shelter and ongoing crisis relief.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Signet Jewelers saw a 29% jump in total sales to $2.8 billion for the fourth quarter that ended 29th January, 2022. The company\u2019s Q4 brick and mortar sales of $2.3 billion, were up 34.6%, and e-commerce sales grew 9% to $556 million on a year-on-year basis. \u201cThank you to our team for their dedication, agility&hellip;<\/p>\n","protected":false},"author":1,"featured_media":14589,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-14585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Signet\u2019s FY 2022 Sales Skyrocket 50% To $7.8 Billion; Suspends Business Ties With Russian-backed Companies - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/signets-fy-2022-sales-skyrocket-50-to-7-8-billion-suspends-business-ties-with-russian-backed-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Signet\u2019s FY 2022 Sales Skyrocket 50% To $7.8 Billion; Suspends Business Ties With Russian-backed Companies - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Signet Jewelers saw a 29% jump in total sales to $2.8 billion for the fourth quarter that ended 29th January, 2022. The company\u2019s Q4 brick and mortar sales of $2.3 billion, were up 34.6%, and e-commerce sales grew 9% to $556 million on a year-on-year basis. \u201cThank you to our team for their dedication, agility&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/signets-fy-2022-sales-skyrocket-50-to-7-8-billion-suspends-business-ties-with-russian-backed-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-23T12:51:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-23T12:51:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2022\/03\/02banner-9.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/signets-fy-2022-sales-skyrocket-50-to-7-8-billion-suspends-business-ties-with-russian-backed-companies\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2022\/03\/02banner-9.jpg\",\"width\":1000,\"height\":500},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/signets-fy-2022-sales-skyrocket-50-to-7-8-billion-suspends-business-ties-with-russian-backed-companies\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/signets-fy-2022-sales-skyrocket-50-to-7-8-billion-suspends-business-ties-with-russian-backed-companies\/\",\"name\":\"Signet\\u2019s FY 2022 Sales Skyrocket 50% To $7.8 Billion; Suspends Business Ties With Russian-backed Companies - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/signets-fy-2022-sales-skyrocket-50-to-7-8-billion-suspends-business-ties-with-russian-backed-companies\/#primaryimage\"},\"datePublished\":\"2022-03-23T12:51:36+00:00\",\"dateModified\":\"2022-03-23T12:51:40+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/signets-fy-2022-sales-skyrocket-50-to-7-8-billion-suspends-business-ties-with-russian-backed-companies\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/14585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=14585"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/14585\/revisions"}],"predecessor-version":[{"id":14593,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/14585\/revisions\/14593"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/14589"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=14585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=14585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=14585"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=14585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}