Company owner of 3 popular jewelry stores plans to close over 150 locations

Posted: Updated:
EDISON -

Signet Jewelers, the company that owns Kay, Zales, and Jared jewelry stores, plans to close over 150 stores in fiscal 2020.

The company is recovering from a weak holiday season, where shares are down almost 13%.

According to the company, it will focus more on its products, marketing, and online business.

  • New Jersey SlideshowsGalleriesMore>>

  • 71st annual Emmy Awards

    71st annual Emmy Awards

    Sights and scenes from the 71st Primetime Emmy Awards, held Sunday, Sept. 22, 2019, at the Microsoft Theater in Los Angeles.
    Sights and scenes from the 71st Primetime Emmy Awards, held Sunday, Sept. 22, 2019, at the Microsoft Theater in Los Angeles.
  • Scenes from 'Alienstock' at Area 51 in Nevada

    Scenes from 'Alienstock' at Area 51 in Nevada

    While costumed space aliens were a common and sometimes hilarious sight in events that began Thursday, no one has reported seeing actual extraterrestrials or UFOs.While costumed space aliens were a common and sometimes hilarious sight in events that began Thursday, no one has reported seeing actual extraterrestrials or UFOs.
    While costumed space aliens were a common and sometimes hilarious sight in events that began Thursday, no one has reported seeing actual extraterrestrials or UFOs.While costumed space aliens were a common and sometimes hilarious sight in events that began Thursday, no one has reported seeing actual extraterrestrials or UFOs.
    While costumed space aliens were a common and sometimes hilarious sight in events that began Thursday, no one has reported seeing actual extraterrestrials or UFOs.
    While costumed space aliens were a common and sometimes hilarious sight in events that began Thursday, no one has reported seeing actual extraterrestrials or UFOs.
  • Sample fare from stadiums across the US at MLB FoodFest

    Sample fare from stadiums across the US at MLB FoodFest

    Get ready to sample fare from baseball stadiums from across the country at the MLB FoodFest.
    Get ready to sample fare from baseball stadiums from across the country at the MLB FoodFest.
sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."