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Sterling Jewelry history
Sterling Jewelry company history timeline
Sterling Jewelers Inc., an American jewelry company headquartered in Akron, Ohio, was founded in 1910 by Henry Shaw.
It all began with the very first storefront, which opened in Reading, Pa., in 1916.
Asda history and corporate video "Asda History Asda Stores Limited was founded as Associated Dairies & Farm Stores Limited in 1949 in Leeds.
The company was founded on January 27, 1950 and is headquartered in Hamilton, Bermuda.”
Today, it is part of the Signet Group, the largest specialty jewelry retailer in the US, UK and Canada, which acquired the Akron jeweler in 1987.
According to the company's February 2, 2008, Annual Report & Accounts, Sterling has the number-two position in the United States with a 4.2% market share of all jewelry purchases.
The company moved its primary stock market listing from the London to the New York Stock Exchange on September 11, 2008, changing its name to Signet Jewelers Limited in the process.
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.
The Bureau's investigations concluded that Sterling violated the Consumer Financial Protection Act of 2010 by signing customers up for store credit without their knowledge or consent and enrolling them in payment-protection insurance.
In February 2014, Signet Jewelers Ltd. agreed to buy Zale Corporation, with Zale shareholders receiving USD$21 a share in cash in USD$1.4 billion deal.
In February 2015, the company's senior vice president of field operations estimated that the company's past commitments to the St Jude amounted to more than $90 million.
About 62% of the company’s sales came from its Kay branded stores in 2015.
In August 2017, it was announced that Signet Jewelers Ltd. agreed to buy R2Net, owner of online jewelry retailer JamesAllen.com, for $328 million.
In April 2019, Sterling Jewelers announced the closure of 150 stores, mostly in mall locations that see poor foot traffic.
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Sterling Jewelry competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Nordstrom | 1901 | $15.0B | 74,000 | 944 |
| Zale Corporation | 1924 | $1.9B | 12,500 | - |
| American Eagle Outfitters | 1977 | $5.3B | 37,000 | 1,366 |
| PacSun | 1982 | $797.8M | 10,300 | 1,012 |
| Tailored Brands | 1973 | $2.9B | 19,300 | 703 |
| Aeropostale | 1987 | $1.8B | 21,007 | 683 |
| The Children's Place | 1969 | $1.6B | 2,100 | 359 |
| Chico's FAS | 1983 | $2.1B | 18,500 | 1,655 |
| Shoe Carnival | 1978 | $1.2B | 2,300 | 599 |
| Kohl's | 1962 | $16.2B | 110,000 | 1,153 |
Sterling Jewelry history FAQs
Zippia gives an in-depth look into the details of Sterling Jewelry, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Sterling Jewelry. The employee data is based on information from people who have self-reported their past or current employments at Sterling Jewelry. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Sterling Jewelry. The data presented on this page does not represent the view of Sterling Jewelry and its employees or that of Zippia.
Sterling Jewelry may also be known as or be related to Sterling Jewelers, Sterling Jewelers Inc, Sterling Jewelers Inc., Sterling Jewelers, Inc., Sterling Jewelry and Signet Jewelers.