Segment Information

6 Months Ended

Aug. 03, 2013

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 to Signet’s Chief Executive Officer, who in turn reports to the Board of Directors (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 corporate administrative costs. There are no material transactions between the operating segments.

	13 weeks ended						26 weeks ended
(in millions)	August 3, 2013			July 28, 2012			August 3, 2013			July 28, 2012
Sales:
US	$	741.1		$	701.9		$	1,599.7		$	1,453.4
UK		139.1			152.0			274.1			300.5
Total sales	$	880.2		$	853.9		$	1,873.8		$	1,753.9
Operating income (loss):
US	$	111.5		$	117.3		$	264.3		$	255.0
UK		(0.8	)		(0.3	)		(4.9	)		(3.3	)
Unallocated(1)		(5.2	)		(6.1	)		(11.1	)		(11.4	)
Total operating income	$	105.5		$	110.9		$	248.3		$	240.3

(in millions)	August 3, 2013		February 2, 2013		July 28, 2012
Total assets:
US	$	3,055.8	$	3,018.8	$	2,683.8
UK		421.5		446.7		437.3
Unallocated(1)		150.5		250.3		197.9
Total assets	$	3,627.8	$	3,715.8	$	3,319.0

(1) Unallocated principally relates to corporate administrative costs, assets and liabilities.