Signet Jewelers Ltd posted a larger-than-expected quarterly profit on Thursday, with big gains at its mid-priced Kay Jewelers chain spurring renewed sales momentum. Photo: Signet Jewelers
Sales at all of its major chains rose and showed more vigor in the second quarter that ended July 28 than in the preceding quarter when U.S. consumer confidence waned and fears of a worsening euro zone crisis led many middle-class shoppers to hold off on buying jewelry.
At its U.S.-based Kay chain, which
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