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Segment information
 9 Months Ended
Oct. 28, 2023
Segment Reporting [Abstract]  
Segment information Segment information
Financial information for each of Signet’s reportable segments is presented in the tables below. Signet’s chief operating decision maker utilizes segment sales and operating income, after the elimination of any inter-segment transactions, to determine resource allocations and performance assessment measures. Signet aggregates operating segments with similar economic and operating characteristics. Signet manages its business as three reportable segments: North America, International, and Other. Signet’s sales are derived from the retailing of jewelry, watches, other products and services as generated through the management of its reportable segments. The Company allocates certain support center costs between operating segments, and the remainder of the unallocated costs are included with the corporate and unallocated expenses presented.
The North America reportable segment operates across the US and Canada. Its US stores operate nationally in malls and off-mall locations, as well as online, principally as Kay (Kay Jewelers and Kay Outlet), Zales (Zales Jewelers and Zales Outlet), Jared (Jared The Galleria Of Jewelry and Jared Vault), Diamonds Direct, Banter by Piercing Pagoda, Rocksbox, and digital banners, James Allen and Blue Nile. Its Canadian stores operate as Peoples Jewellers.
The International reportable segment operates stores in the UK, Republic of Ireland and Channel Islands, as well as online. Its stores operate in shopping malls and off-mall locations (i.e. high street) principally under the H. Samuel and Ernest Jones banners.
The Other reportable segment primarily consists of subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones.
13 weeks ended39 weeks ended
(in millions)October 28, 2023October 29, 2022October 28, 2023October 29, 2022
Sales:
North America segment
$1,291.1 $1,464.8 $4,353.4 $4,786.2 
International segment
94.0 95.3 289.0 316.9 
Other segment
6.8 22.6 31.1 72.8 
Total sales
$1,391.9 $1,582.7 $4,673.5 $5,175.9 
Operating income (loss):
North America segment (1)
$39.2 $65.4 $281.0 $300.3 
International segment (2)
(9.0)(6.5)(22.9)(14.9)
Other segment
(3.1)(0.3)(4.8)4.5 
Corporate and unallocated expenses(13.8)(10.2)(48.1)(54.5)
Total operating income
13.3 48.4 205.2 235.4 
Interest income (expense), net2.6 (3.6)10.0 (11.4)
Other non-operating expense, net(2.3)(2.7)(2.4)(139.6)
Income before income taxes$13.6 $42.1 $212.8 $84.4 
(1)    Operating income during the 13 and 39 weeks ended October 28, 2023 includes $7.5 million and $20.1 million, respectively, of acquisition and integration-related expenses, primarily severance and retention, exit and disposal costs and system decommissioning costs incurred for the integration of Blue Nile; and $0.2 million and $4.4 million, respectively, of restructuring charges. Operating income during the 39 weeks ended October 28, 2023 includes a $3.0 million credit to income related to the adjustment of a prior litigation accrual and $5.6 million of net asset impairment charges primarily related to restructuring and integration.
Operating income during the 13 and 39 weeks ended October 29, 2022 includes $5.0 million and $15.2 million, respectively, of cost of sales associated with the fair value step-up of inventory acquired in the Diamonds Direct and Blue Nile acquisitions; and $4.7 million and $7.3 million, respectively, of acquisition and integration-related expenses in connection with the Blue Nile acquisition. Operating income during the 39 weeks ended October 29, 2022 includes $190.0 million related to pre-tax litigation charges.
See Note 20 and Note 21 for additional information.
(2)    Operating loss during the 13 and 39 weeks ended October 28, 2023 includes restructuring charges of $1.4 million and costs related to the planned divestiture of the UK prestige watch business of $1.3 million, respectively.
    See Notes 4 and 20 for additional information.