Sterling Jewelers facts for kids
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Subsidiary | |
Industry | Retail |
Founded | August 14, 1910 |
Founder | Henry Shaw |
Headquarters | , |
Number of locations
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1,586 stores (Feb. 2018) |
Products | Jewelry |
Revenue | US$3.82 billion (2017) |
Number of employees
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13,901 (Feb. 2018) |
Parent | Signet Jewelers |
Divisions |
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Sterling Jewelers, Inc. is a large jewelry company in the United States. Its main office is in Akron, Ohio. Henry Shaw started the company in 1910. Today, Sterling Jewelers is part of a bigger company called Signet Jewelers Limited. Signet Jewelers is based in the United Kingdom.
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The Story of Sterling Jewelers
Sterling Jewelers began in 1910. It was founded by Henry Shaw. The company started small and grew over many years. In 1987, it became part of Signet Jewelers Limited.
Signet Jewelers is a major jewelry seller around the world. They have stores in the United States, the United Kingdom, and Canada. Many different jewelry store brands are part of Signet Jewelers. Some well-known brands include Kay Jewelers, Jared, and Zales.
Sterling Jewelers is one of the top jewelry sellers in the U.S. They sell many types of jewelry. This includes rings, necklaces, and bracelets.
Helping Others: St. Jude Children's Research Hospital
Since 2009, Sterling Jewelers has supported St. Jude Children's Research Hospital. This hospital helps children with serious illnesses. Sterling Jewelers has given a lot of money to St. Jude. These donations help with hospital buildings and research. They also support patient care.
Growing Bigger: New Companies Join
In 2014, Signet Jewelers bought another big jewelry company. This company was called Zale Corporation. This purchase made Signet Jewelers even larger. It helped them offer more choices to customers.
Later, in 2017, Signet Jewelers bought R2Net. This company owns JamesAllen.com. JamesAllen.com is a popular online jewelry store. This helped Signet Jewelers sell more jewelry online.
Changes in Stores
In 2019, Sterling Jewelers announced some changes. They decided to close about 150 stores. Many of these stores were in shopping malls. Some were also duplicate stores, like having two similar brands very close to each other. This decision helped the company focus on its busiest stores.