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As Kay Jewelers, Zales, and Jared stores were forced to temporarily close across the country, many customers were left without the jewelry they had brought in to locations for repair. Since ...
In 2012, Signet acquired ULTRA Diamonds [8] and converted most of ULTRA stores to Jared Vault & Kay Jewelers Outlets. [9] In February 2014, Signet Jewelers Ltd. agreed to buy Zale Corporation, with Zale shareholders receiving USD$21 a share in cash in USD$1.4 billion deal. [10] This merger created a $6.2 billion firm. [10]
ULTRA Diamonds was a seller of fine jewelry in factory outlet and value centers in the United States. ULTRA was a manufacturer as well as a direct importer of diamonds, gemstones, and gold jewelry. At one point, Ultra operated over 100 stores in outlet centers and 38 other format locations (primarily licensed jewelry departments).
She's the CEO of Signet Jewelers, the $7.8 billion-in-revenue company behind jewelry brands Jared, Kay, and Zales. And when she took over as CEO six years ago, Signet made a pivot into data.
As a marketing strategy, the Zale brothers instituted a credit plan whereby customers could pay "a penny down and a dollar a week", making jewelry and other merchandise affordable for the average working American. The success of this credit policy led to the company expanding to a total of 12 stores in Oklahoma and Texas by 1941.
A Jared-branded store in Hillsboro, Oregon in September 2012. According to the company's February 2, 2008, Annual Report & Accounts, Sterling has the number-two position in the U.S. with a 4.2% market share of all jewelry purchases. Sterling has a leading 8.8% market share in the specialty jeweler market share (highest in the sector).