International News
Signet Jewelers to close stores, reduce staff amid declining sales
Signet Jewelers Ltd. is planning to revamp its business following a disappointing fourth-quarter and fiscal year. Signet announced plans to close, renovate, and relocate stores and reduce it senior leadership by 30 percent after reporting a 7 percent drop in annual sales. The moves are part of the retailer’s new turnaround plan, “Grow Brand Love,” which also includes emphasizing brand loyalty over store banners.
The jewelry giant’s plans include a new turnaround plan that encompasses leadership changes, store closures and renovations, and a focus on brand loyalty.It will focus on creating a clear distinction between brands to attract new and loyal customers that see themselves reflected in the DNA of each brand.
Its three largest brands, Kay, Zales, and Jared, have high consumer awareness, but growth has been “elusive” so the company will work on building brand loyalty.The company plans to add more design-focused jewelry into its assortment to promote gifting and self-purchasing while also expanding its position in the bridal market, which has been struggling in the wake of the COVID-19 pandemic.
The strategy will require a reorganization, including reducing the ranks of its senior leadership by 30 percent.The company also said that it will be evaluating 150 underperforming stores, primarily in malls, over the next two years and decide whether they should be closed or improved.There are also plans to renovate 200 locations and possibly relocate another 200.
For the quarter ended Feb. 1, Signet’s overall sales totaled $2.35 billion, down 6 percent year-over-year and below its expectations.same-store sales slipped 1 percent.For the full year, sales totaled $6.7 billion, down 7 percent year-over-year and also falling short of expectations.Same-store sales fell 3 percent
International News
Van Cleef & Arpels Gives Its Iconic Alhambra a Pink Enamel Makeover
The Maison Introduces Five New Alhambra Creations Featuring Translucent Pink Enamel and Yellow Gold
Van Cleef & Arpels has unveiled a vibrant new chapter for its iconic Alhambra collection, introducing translucent pink enamel to the signature four-leaf clover motif for the first time. The new creations combine the Maison’s emblem of luck with yellow gold, bringing a fresh, contemporary expression to the enduring design.
The new five-piece selection comprises a Vintage Alhambra pendant, five-motif bracelet, 10-motif necklace, 20-motif long necklace and Magic Alhambra two-motif earrings. The earrings additionally feature guilloché yellow gold, adding texture and contrast to the pink enamel.



The distinctive pink is the result of several years of research at Van Cleef & Arpels’ enamel workshops. Inspired by the historic 17th-century “gold-ruby” technique, the colour is created using fine particles of gold rather than traditional pigments. Carefully controlled particle size, shape and concentration produce the desired translucent hue.
Adding to its visual depth, the enamel contains tiny bubbles, giving each Alhambra motif a distinctive character while creating subtle variations as the surface catches and reflects light. The motifs are framed by the Maison’s signature gold beaded contours, further enhancing the interplay between the pink enamel and yellow gold.
Since its debut in 1968, Alhambra has continually evolved through different stones, materials and colours while retaining its instantly recognisable four-leaf clover silhouette. The introduction of enamel marks another significant step in that evolution, bringing together heritage craftsmanship, technical innovation and contemporary colour.
With its new pink interpretation, Van Cleef & Arpels continues to reinvent one of jewellery’s most recognisable motifs, demonstrating how traditional savoir-faire can give a familiar icon an entirely new expression.
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