Signet Jewelers, one of the world’s largest jewellery retailers, cut its full-year outlook as it blamed a Covid-induced lull in dating and a reduction in discretionary spending for the fall in demand for its engagement rings.
The parent company of Zales and Kay Jewelers expects total sales of $7.1bn-$7.3bn in its current fiscal year, compared with previous forecasts of $7.67bn-$7.84bn.
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