Jewelry Retailers Bring Back Shine, but Hurdles Remain - The Wall Street Journal
Thursday, September 5, 2019

Jewelry Retailers Bring Back Shine, but Hurdles Remain - The Wall Street Journal

Some struggling jewelry retailers have taken on a new shine.

Shares of Signet Jewelers surged 27% Thursday, posting their biggest one-day gain since 1996, after the world’s largest retailer of diamond jewelry delivered profit and revenue in the latest quarter above Wall Street estimates. The company also raised its adjusted profit outlook for the year.

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