Signet Jewelers Ltd., the world’s largest retailer of diamond jewelry that is headquartered in Akron, said Friday that it has eliminated 80 jobs across its Akron, Dallas and United Kingdom operations that support its stores.

“This was a difficult business decision but one we believe we needed to make,” said David Bouffard, Signet vice president of corporate affairs, in a news release.



He noted the company — operator of Kay Jewelers and the Jared chain, among others —  is “performing well and just reported excellent holiday sales results.”



The cuts are among other personnel moves, including promotions and people being assigned to new positions. The changes were discussed in an internal announcement that employees received earlier this week.



Bouffard said the company is providing affected employees with a “comprehensive transition package.”

Bouffard said Signet’s focus on growing its business to maximize shareholder value requires “a constant evolution” as it grows the mid-market jewelry sector.

Signet Sales during the all-important holiday retail season at Signet Jewelers Ltd. stores open at least a year were up 4.9 percent from the eight-week period the prior year.

The increase in 2015 compares with an increase of 3.6 percent for the 2014 holiday season ended Dec. 27, 2014.



Signet completed its purchase of Zale Corp. of Irving, Texas, in May 2014.

With the purchase, Signet became the largest operator of jewelry stores in the United States, the United Kingdom and Canada with about 3,500 stores.

Signet’s headquarters are on Ghent Road in Akron. The company employed roughly 3,000 in Summit County last year.

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