Dallas-based Zale Jewelers is one of the U.S. operations of Signet Jewelers, making it part of the largest specialty retail jewelry company in the world. Signet is the world’s largest retailer of diamond jewelry. Signet’s results derive from the retailing of jewelry, watches and associated services. The business is managed as three operating divisions: the Zale Jewelers Division, which operates in the U.S., Canada and Puerto Rico, the Sterling Division in the U.S., and the Signet UK Division. Zale Jewelers has more than 1,500 stores across the United States, Canada and Puerto Rico. Our fine jewelry stores are one of the best-known names in the jewelry business, operating nationwide in the U.S. and Puerto Rico as Zales Jewelers and Zales Outlet, and in Canada as Peoples Jewelers. Regionally, our stores operate under the well-respected local names, Gordon’s Jewelers in the U.S. and Puerto Rico and Mappins Jewellers in Canada. Additionally, Zale Jewelers operates mall-based Piercing Pagoda kiosks throughout the U.S. and Puerto Rico, offering unparalleled piercing expertise. Our objectives are to continue to achieve sector-leading performance standards throughout the U.S., U.K. and Canada, to increase store productivity, grow new store space and to maintain a strong balance sheet while funding the needs of the business and dividend payments.