Retail News

Signet adding Blue Nile to its portfolio of retail jewelry brands

CNBC 08/09/2022

Signet Jewelers said it will acquire the online jewelry retailer Blue Nile in a $360 million all-cash deal. Signet, which owns the Jared, Kay and Zales jewelry chains, has said that its sales have softened as consumers pull back on discretionary purchases as a result of the high cost of food and fuel.

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