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As Kay Jewelers, Zales, and Jared stores were forced to temporarily close across the country, many customers were left without the jewelry they had brought in to locations for repair. Since ...
Signet Jewelers, which owns prominent jeweler brands Kay, Zales and Jared, announced the closure of 400 stores in June 2020. [274] Soft Surroundings filed for Chapter 11 bankruptcy on September 11, 2023, announcing plans to close all 44 of its stores and sell its online and catalog business to Coldwater Creek. [275]
Signet was also subject to at least two class actions through Sterling Jewelers and one of its subsidiaries, Jared—the Galleria of Jewelry. It was sued by 44,000 female employees and former employees for discrimination. The action was launched in 2008 and went to go to trial in 2018. [21] [22]
A Jared-branded store in Hillsboro, Oregon in September 2012. According to the company's February 2, 2008, Annual Report & Accounts, Sterling has the number-two position in the U.S. with a 4.2% market share of all jewelry purchases. Sterling has a leading 8.8% market share in the specialty jeweler market share (highest in the sector).
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