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Wednesday, 9th June 2004 (5712 views)

Jewellery retail company Signet Group has revealed its first quarter sales results.<BR/><BR/>Figures showed a 19 per cent rise in profit and an increase of 11.6 per cent in total sales for the period.<BR/><BR/>It is thought the increase is due to particularly good trading during the Valentine's Day period, added products and increased advertising.<BR/><BR/>Chief Executive Officer Terry Burman told Bloomberg: "The quarter was marked by particularly strong trading during the Valentine's Day period. The U.S. business again outperformed its main competition.'<BR/><BR/>Operating profit in the US, which accounts for nearly 70 per cent of sales saw an increase of 9.5 per cent.<BR/><BR/>The company which sells gold jewellery at UK jewellers such as H Samuel and Ernest Jones has also increased spending on training and store upgrades.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=2792557"/>

 

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