Signet sees weak holiday sales season

Same-store sales at Signet Group decreased 6.8 percent for the eight weeks ended Dec. 29, and total sales decreased 2.8 percent (3.7 percent at constant exchange rates), the company announced today.

Same-store U.S. sales for the period decreased 8.1 percent, and total sales decreased 3.6 percent.

"In the United States, the like-for-like sales performance over the holiday season was clearly disappointing," Signet Group Chief Executive Officer Terry Burman said in a statement. "We remain focused on implementing our proven strategy and on gaining profitable market share."

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