GENERAL MERCHANDISE NEWS
Signet same store sales down 6.6 per cent
6 November, 2008 | by Retail Bulletin
Sales declined by 6.6 per cent in the 13 weeks to 3 November as demand in the UK and US falls.
Total sales were down by 7.3% on a reported basis to $629.4 million (13 weeks to November 3, 2007: $678.7 million) reflecting an underlying decrease of 4.3% at constant exchange rates. Chief Executive Terry Burman said, “In the US, same store sales for the first six weeks of the quarter were consistent with the first half. However the last seven weeks showed a marked deterioration reflecting heightened consumer uncertainty, and same store sales were down by about 11%.”
