Signet Jewelers Ltd at Morgan Stanley Global Consumer and Retail Conference Transcript

Dec 07, 2022 / 06:00PM GMT
Alexandra Ann Straton - Morgan Stanley, Research Division - Research Associate

Good afternoon, everybody. For those of you who don't know me for like the sixth time at this conference, I'm Alex Straton, I'm the co-leader for branded apparel, footwear and softlines retail alongside Kimberly Greenberger here at Morgan Stanley. We're super happy that you guys joined us here on the second day of the conference. Even more delighted to have Gina and Joan with us today from Signet. So before I kind of introduce them more formally, I'll start with a broad overview of what Signet is.

So Signet is the world's largest diamond jewelry retailer, generating annual revenue of about $8 billion in its fiscal year 2022 across approximately 2,800 locations across the U.S., U.K. and Canada. Signet operates under multiple banners, which I didn't appreciate. It is so many. It's Kay Jewelers, Jared, Zales, Banter by Piercing Pagoda, Diamonds Direct, James Allen, Rocksbox, Peoples Jewelers, H. Samuel and Ernest Jones. I hope I covered all of them, there's quite a few. And to add to this portfolio earlier in the year,

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