Signet Folds James Allen and Rocksbox, Saks Cuts 5 Percent, Richemont Reports May 22
Signet announced 100 store closures in fiscal 2027 and consolidated to three core brands, folding James Allen into Blue Nile and Rocksbox into Kay. Saks Global began roughly 5 percent US corporate layoffs after the Neiman integration. Richemont's full fiscal-year results land Friday May 22.