The owner of jewelry chains Jared and Kay won’t reopen hundreds of stores following the pandemic shutdown, adding to the pain for American malls as the company speeds a shift to digital.
Signet Jewelers, which also owns Zales, will make lockdown-related store closures permanent at more than 150 locations in North America and 80 in the U.K. The company is also in discussions with landlords as it prepares to shut another 150 shops, bringing the total planned closures to at least 380 this year, or 12% of total stores.
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