International Business News - SIG http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of jewelers slipped Monday as credit concerns knocked the broader markets sharply lower and the Dow Jones industrial average plunged 800 points. http://www.ibtimes.com/articles/20081006/sector-snap-jewelers-follow-wall-street-lower.htm Mon, 06 Oct 2008 15:04:10 EDT Shares of jewelers traded mixed on Friday after the U.S. House of Representatives passed a $700 billion financial rescue package. The 263-171 vote by the House sends the Senate-passed version to the White House for President Bush's signature. The measure allows the Treasury Department to buy bad debt from certain lending institutions. http://www.ibtimes.com/articles/20081003/jewelers-mixed-after-house-oks-rescue-bill.htm Fri, 03 Oct 2008 13:52:06 EDT Shares of jewelry companies fell Monday, following the broader market lower after the House defeated a $700 billion emergency rescue package and fear swept across Wall Street. http://www.ibtimes.com/articles/20080929/jewelers-decline-after-house-rejects-bailout-bill.htm Mon, 29 Sep 2008 15:34:09 EDT Signet Group PLC, the parent of Kay Jewelers, said Thursday same-store sales fell 4.5 percent in the second quarter on weakness in the U.S. and the U.K. http://www.ibtimes.com/articles/20080807/signet-group-2nd-quarter-same-store-sales-slip.htm Thu, 07 Aug 2008 14:26:07 EDT Shares of jewelry retailers declined on Wednesday after Blue Nile Inc. posted a 15 percent lower second-quarter profit and analysts warned of rising diamond prices. http://www.ibtimes.com/articles/20080806/sector-snap-jewelry-retailers-decline.htm Wed, 06 Aug 2008 15:36:55 EDT Shares of jewelry retailers traded mixed on Friday, after a Bank of America Securities analyst downgraded shares of Tiffany & Co. to "Sell" on anticipated weakness in the U.S. http://www.ibtimes.com/articles/20080725/sector-snap-jewelry-retailers-trade-mixed.htm Fri, 25 Jul 2008 13:27:34 EDT Shares of jewelry retailers closed mostly lower Friday, ending a week focused on softening U.S. consumer spending and a trademark court case. Earlier this week, Citi Investment Research analyst Mark S. Mahaney warned that Blue Nile Inc.'s traffic has softened, according to data from online traffic research firm comScore Inc. Mahaney said the online jewelry retailer's cumulative unique visitors declined 17 percent in the second quarter, versus a year ago. http://www.ibtimes.com/articles/20080718/sector-wrap-jewelry-retailers-close-lower.htm Fri, 18 Jul 2008 16:24:20 EDT Signet Group PLC, the world's largest owner of jewelry stores and the parent of Kay Jewelers, said Thursday its board is proposing to move its primary listing to the New York Stock Exchange from the London Stock Exchange. http://www.ibtimes.com/articles/20080710/signet-group-plans-to-trade-on-nyse.htm Thu, 10 Jul 2008 09:36:58 EDT British jewelry retailer Signet Group PLC said Friday it negotiated a five-year, $520 million unsecured multi-currency revolving credit agreement. This deal replaces an existing $390 million credit line entered into in September 2004 which was due to expire next September. Signet plans to use the financing for general corporate purposes. http://www.ibtimes.com/articles/20080627/signet-in-new-5-year-520m-financing-deal.htm Fri, 27 Jun 2008 08:47:29 EDT Shares of Signet Group PLC, a British jeweler, rose Thursday as Wall Street was pleased with the company's fiscal first-quarter sales. For the quarter ended May 3, Signet said revenue increased 1 percent to $822.3 million in the first quarter, with U.K. sales up 5.1 percent to $191.4 million, and sales in the U.S. down 0.2 percent, to $630.9 million. Signet is the parent of Kay Jewelers. http://www.ibtimes.com/articles/20080508/adrs-in-focus-signet-group-rises-on-fiscal-1q-sales.htm Thu, 08 May 2008 15:04:07 EDT Signet Group PLC, the world's largest owner of jewelry stores and the parent of Kay Jewelers, said Thursday same-store sales fell 2.5 percent in the first quarter, hurt by weak U.S. sales. http://www.ibtimes.com/articles/20080508/signet-group-1q-same-store-sales-fall-on-weak-us-results.htm Thu, 08 May 2008 09:36:27 EDT Jewelry retailers fell on Friday, after an analyst downgraded two companies amid a difficult economic environment. Consumers are cutting back on big-ticket items such as jewelry as they face rising food and gas costs and weak credit and housing markets. In addition, precious metal prices have increased sharply in recent months. http://www.ibtimes.com/articles/20080328/sector-snap-jewelry-retailers-decline.htm Fri, 28 Mar 2008 12:10:28 EDT Shares of jewelry retailers rose on Monday, after Tiffany & Co. forecast fiscal 2008 earnings above analyst expectations. The New York-based retailer said profit for the fiscal fourth-quarter fell, but excluding one-time charges, results beat analyst expectations on strong international results. http://www.ibtimes.com/articles/20080324/sector-snap-jewelry-retailers.htm Mon, 24 Mar 2008 11:25:19 EDT Blue Nile Inc. said Monday Chief Financial Officer Robin Easton has resigned, effective March 31. Terri Maupin, vice president of finance and controller, will handle the responsibilities of the principal financial and accounting officer when Easton's resignation takes effect, the online jewelry retailer said. http://www.ibtimes.com/articles/20080310/blue-nile-cfo-robin-easton-resigns.htm Mon, 10 Mar 2008 05:45:22 EDT Blue Nile Inc. shares dropped Wednesday after the online jewelry retailer predicted its first-quarter and 2008 earnings will miss analysts' expectations, amid economic uncertainty in the luxury retail sector. http://www.ibtimes.com/articles/20080213/blue-nile-sinks-with-1q-2008-outlook.htm Wed, 13 Feb 2008 11:57:01 EST Shares of jewelry retailers fell Wednesday after online jewelry retailer Blue Nile offered a weak yearly outlook. Citing uncertainty in the luxury retail sector, the company said it expects first quarter and yearly earnings below expectations. http://www.ibtimes.com/articles/20080213/jewelry-retailers-fall-on-blue-nile-view.htm Wed, 13 Feb 2008 11:28:07 EST