Zales, Kay owner to close nearly 400 jewelry stores in shift to e-commerce

Signet Jewelers Ltd., owner of the Kay Jewelers, Zales and other jewelry chains, said it won’t reopen at least 150 North American stores and 80 U.K. stores, and will close another 150 stores by the end of the year as it further shifts to online sales amid the coronavirus pandemic.

Signet’s shares fell 16% on Tuesday to $14.16.

Read more from our news partners at the Pittsburgh Business Times.

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