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Stock impact report

Watches of Switzerland to shut 16 UK stores, risking 40 jobs [Yahoo! Finance]

Signet Jewelers Limited Common Shares (SIG) 
Last signet jewelers limited common shares earnings: 3/26 06:50 am Check Earnings Report
Company Research Source: Yahoo! Finance
Watches of Switzerland is giving staff assurances that it will reassign them wherever feasible within the organisation, which currently employs 709 people in support service roles. The company has expressed its commitment to its workforce, stating: "...our priority [is] to support all affected colleagues." In the most recent financial year, the group expanded with 22 new showrooms, renovated 15 and acquired a further 15 through the acquisition of jeweller Ernest Jones. A Watches of Switzerland statement was quoted by the BBC : "We continually assess our operations to remain as efficient and productive as possible. Whilst we intend to continue growing our showroom estate organically and by acquisition, following a recent review, we have regrettably made the difficult decision to close 16 showrooms in the UK. “We have also reviewed our support services to ensure we are operating in the most efficient and productive way to power our retail growth and are regrettably proposing th Show less Read more
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