Signet Jewelers CEO Gina Drosos reports increased website visits and new product revenue growth amid consumer cautiousness in engagement ring purchases.
Signet Jewelers CEO Gina Drosos discussed consumer caution in engagement ring purchases during a CNBC interview. While demand is steady, shoppers are more selective, leading to a 15% increase in website visits. Signet has also seen a 50% revenue boost from new products, particularly sculpted gold. Despite rising gold prices, this new merchandise has attracted interest. Drosos remains optimistic about sales momentum, contributing to an 11% rise in share value.
September 12, 2024
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