Kay Jewelers facts for kids
Subsidiary | |
Industry | Retail |
Founded | August 14, 1910 |
Founder | Henry Shaw |
Headquarters | , |
Number of locations
|
c. 1500 stores |
Products | Jewelry |
Revenue | > $6 billion (2015) |
Number of employees
|
18,000 |
Parent | Signet Jewelers |
Sterling Jewelers, Inc. is an American specialty jewelry company headquartered in Akron, Ohio. The company was founded in 1910 by Henry Shaw (the father of Jerry Shaw, the chairman emeritus of Sterling today), from LeRoy's Jewelers in Lorain, Ohio. Sterling Jewelers is a wholly owned subsidiary of UK-based Signet Jewelers Limited (listed on the New York Stock Exchange under the symbol SIG), having been acquired in 1987.
History
Signet Jewelers, based in the U.K., is a specialty retail jeweler, with stores in the United States, United Kingdom, Canada, Republic of Ireland, and Channel Islands. Approximately 78% of company sales are derived from the 12 different store brands operating in the U.S. They include Kay Jewelers, Jared The Galleria of Jewelry, J.B. Robinson, Marks & Morgan, and Belden Jewelers, among others (all of which operate as Sterling divisions).
According to the company's 2 February 2008 Annual Report & Accounts, Sterling has the number-two position in the U.S. of all jewelry purchases.
Since 2009, Sterling Jewelers has been a corporate sponsor of St. Jude Children's Research Hospital, making a number of donations to many of the hospital's building, clinical, and research projects. In February 2015 it was estimated that the company's past commitments to the St. Jude amounted to more than $90 million.
In February 2014, Signet Jewelers Ltd. agreed to buy Zale Corporation. This merger will create a $6.2 billion firm. In August 2017, it was announced that Signet Jewelers Ltd. agreed to buy R2Net, owner of online jewelry retailer JamesAllen.com, for $328 million.
Images for kids
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A Jared-branded store in Hillsboro, Oregon in September 2012