BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Signet Jewelers Limited (“Signet” or the “Company”) (NYSE: SIG) investors concerning the Company and its officers’ possible violations of federal securities laws.
On November 21, 2017, during the Company’s Q3 2017 conference call, CEO Virginia Drosos disclosed that Signet “faced headwinds” from “disruptions in our systems and processes during our credit outsourcing transition” which “impacted our comp sales by sixty basis points.” Drosos further elaborated that the disruptions were caused by the conversion of IT systems and the magnitude of in-store process changes related to the new program.
On this news, Signet’s share price fell $23.05, or 30%, to close at $52.79 per share on November 21, 2017, thereby injuring investors.
If you purchased Signet securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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