Kay Jewelers, Jared and Zales parent company to close at least 150 stores

National
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DALY CITY, CA – FEBRUARY 19: Shoppers walk by a Kay Jewelers and Zales Jewelers stores at the Serramonte Mall on February 19, 2014 in Daly City, California. Specialty jewelry retailer Signet Jewelers announced plans to acquire rival jewelry retailer Zale Corporation for $690 million in cash. (Photo by Justin Sullivan/Getty Images)

(WKBN) — The parent company of three retail brands is planning to close 150 of its stores across the country. 

Signet Jewelers announced in a fiscal report that it will be shutting down the stores due to declining sales at malls.

The company owns brands Kay Jewelers, Jared and Zales. It’s unclear which locations are closing their doors. 

In a statement, Signet Jewelers said, “It’s our practice not to publish a list of store openings and closings. Importantly, for context, we have 3,334 stores and are closing 150.”

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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