Segment information

6 Months Ended

Jul. 28, 2012

Segment information

2. Segment information

Signet’s sales are derived from the retailing of jewelry, watches, other products and services. Signet is managed as two geographical operating segments, being the US and UK divisions. These segments represent channels of distribution that offer similar merchandise and services and have similar marketing and distribution strategies. Both divisions are managed by executive committees, which report through a divisional Chief Executive to Signet’s Chief Executive Officer, who in turn reports to the Board. Each divisional executive committee is responsible for operating decisions within parameters set by the Board. The performance of each segment is regularly evaluated based on sales and operating income. The operating segments do not include certain central costs. There are no material transactions between the operating segments.

	13 weeks ended						26 weeks ended
	July 28, 2012 $million			July 30, 2011 $million			July 28, 2012 $million			July 30, 2011 $million
Sales:
US		701.9			643.0			1,453.4			1,381.0
UK		152.0			154.6			300.5			303.9
Total sales		853.9			797.6			1,753.9			1,684.9
Operating income/(loss):
US		117.3			104.4			255.0			230.6
UK		(0.3	)		2.8			(3.3	)		2.6
Unallocated(1)		(6.1	)		(4.9	)		(11.4	)		(12.2	)
Total operating income		110.9			102.3			240.3			221.0

	July 28, 2012 $million		January 28, 2012 $million		July 30, 2011 $million
Total assets:
US		2,683.8		2,747.5		2,506.8
UK		437.3		427.3		410.6
Unallocated(1)		197.9		436.6		330.1
Total assets		3,319.0		3,611.4		3,247.5

(1) Unallocated principally relates to central costs and assets, which include corporate and general administrative functions.