Signet Jewelers acquires Rocksbox rental service
April 6, 2021
Signet Jewelers has acquired Rocksbox, a jewelry rental subscription service, for an undisclosed price. The parent company of Kay Jewelers, Jared, Zales and other mall-based chains is looking to reach more younger female consumers with the Rocksbox acquisition. Signet’s core business caters primarily to older men. “Jewelry rental is complementary to our traditional offerings,” said Virginia Drosos, Signet CEO.
Recent News
Merger Forces Kroger and Albertsons To Sell More Stores
Kroger and Albertsons are selling more of their stores to address concerns about their merger.
JD Sports Bids for Hibbett in $1.08 Billion Deal
JD Sports Fashion plans to buy Hibbett Inc. for around $1.08 billion. The move aims to help the UK’s largest sportswear retailer grow in the southeastern United States.
Disney Technology Executive Leaves Company for Personal Reasons
Aaron LaBerge will stay on at Disney until June 2024.
Amazon Ends Drone Delivery in California, Here’s Where It’s Going Next
This new location will allow for quicker, same-day delivery.