Bollywood icon Amitabh Bachchan graced the occasion with Australian-born Indian actress Pallavi Sharda and Honourable Jay Weatheril at Liberty Cinema, Mumbai.
In the fourth quarter of the year 2008, Signet Jewelers saw its sales dip by 19 percent (or 13 percent at a constant exchange rate) and amounting to $1.1 billion. Its yearly sales also slipped by 9 percent and valued at $3.3 billion (or 6 percent at a constant exchange rate). For the tough times ahead, the company is looking at increasing its cash generation and keeping a close watch on its expenses. % % In the last quarter the same-store sales fell 15 percent. U.S., the hub of the ongoing tight global economy, saw store sales fall by 14 percent to $862 million. In the U.K., store sales fell 32 percent to $261 million. According to figures at constant exchange rate, sale in the U.K. fell by 9 percent. Same store sales in the U.S. declined 16 percent and by 9 percent in the U.K. %% In the entire year, Signet’s same-store sales were down by 8 percent. The sales in U.S. fell by 6 percent to $2.5 billion, by 16 percent in U.K amounting to $808 million. At a constant exchange rate, U.K. sales fell by 4 percent. Same store sales suffered a 10 fall in the U.S. and 3 percent in the U.K.
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