Segment information

Financial information for each of Signet’s reportable segments is presented in the tables below. Signet’s chief operating decision maker utilizes sales and operating income, after the elimination of any inter-segment transactions, to determine resource allocations and performance assessment measures. During the first quarter of Fiscal 2019, the Company realigned its organizational structure. The new structure will allow for further integration of operational and product development processes and support growth strategies. In accordance with this organizational change, beginning with quarterly reporting for the 13 weeks ended May 5, 2018, the Company reported three reportable segments as follows: North America, which consists of the legacy Sterling Jewelers and Zale division; International, which consists of the legacy UK Jewelry division; 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 North America reportable segment operates across the US and Canada. Its US stores operate nationally in malls and off-mall locations principally as Kay (Kay Jewelers and Kay Jewelers Outlet), Jared (Jared The Galleria Of Jewelry and Jared Vault), Zales (Zales Jewelers and Zales Outlet) and Piercing Pagoda, which operates through mall-based kiosks. Its Canadian stores operate as the Peoples Jewellers store banner. The segment also operates a variety of mall-based regional brands, including Gordon’s Jewelers in the US and Mappins in Canada, and the JamesAllen.com website, which was acquired in the R2Net acquisition.

The International reportable segment operates stores in the UK, Republic of Ireland and Channel Islands. Its stores operate in shopping malls and off-mall locations (i.e. high street) principally as H.Samuel and Ernest Jones.

The Other reportable segment consists of all non-reportable segments that are below the quantifiable threshold for separate disclosure as a reportable segment, including subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions.



	13 weeks ended
(in millions)	May 5, 2018			April 29, 2017
Sales:
North America segment	$	1,347.8		$	1,274.4
International segment	128.7			122.5
Other	4.1			6.5
Total sales	$	1,480.6		$	1,403.4

Operating (loss) income:
North America segment	$	(537.3	)	$	134.8
International segment	(7.6		)	(2.5		)
Other	(29.3		)	(17.0		)
Total operating (loss) income	$	(574.2	)	$	115.3



(in millions)	May 5, 2018		February 3, 2018		April 29, 2017
Total assets:
North America segment	$	4,722.3	$	5,309.0	$	5,961.8
International segment	401.7		420.3		394.3
Other	148.9		110.3		109.1
Total assets	$	5,272.9	$	5,839.6	$	6,465.2