Subsequent events	3 Months Ended
Apr. 29, 2017
Subsequent Events [Abstract]
Subsequent events	Subsequent events On May 25, 2017, the Company, through its wholly-owned subsidiary Sterling Jewelers, Inc. (“Sterling”), entered into an agreement with Comenity Bank (“Comenity”) under which Comenity will acquire the approximately $1 billion prime-only credit quality portion of Signet's total private label portfolio, the proceeds of which will be received upon closing. In addition, the two companies entered into a long-term agreement where Comenity will become the primary issuer of private-label credit cards and related marketing services for Sterling. Commenity will also acquire a portion of the Company’s existing customer care operations in Ohio, including approximately 250 employees, as part of the transaction. Closing of the transaction is expected in October 2017, subject to regulatory approval and customary closing conditions. During the second quarter of Fiscal 2018, we will classify a portion of our credit card receivables as held for sale, which is expected to result in a gain upon reclassification. Additionally, upon finalizing the transaction, we will repay the $600 million asset-backed securitization facility. Also on May 25, 2017, Sterling and Genesis Financial Solutions, Inc., a Delaware corporation (“Genesis”) entered into a letter agreement, which contains both binding and non-binding provisions (the “Letter of Intent”). The Letter of Intent provides that Genesis will become a servicer for Sterling’s existing non-prime accounts receivable, which includes customer servicing and administrative activities, pursuant to a servicing agreement (the “Servicing Agreement”) with a term of five years subject to renewal for successive two year terms. The Letter of Intent provides that the Servicing Agreement will be subject to customary representations and warranties, indemnification provisions and termination provisions for cause. The Letter of Intent also provides that, simultaneous with the execution of the Servicing Agreement, Sterling and Genesis will enter into an employee transition agreement and a sublease agreement, in each case, pursuant to agreed upon terms and conditions. The Letter of Intent requires the parties to negotiate and execute a definitive Servicing Agreement by June 15, 2017, otherwise the Letter of Intent terminates.

Subsequent events

On May 25, 2017, the Company, through its wholly-owned subsidiary Sterling Jewelers, Inc. (“Sterling”), entered into an agreement with Comenity Bank (“Comenity”) under which Comenity will acquire the approximately $1 billion prime-only credit quality portion of Signet's total private label portfolio, the proceeds of which will be received upon closing. In addition, the two companies entered into a long-term agreement where Comenity will become the primary issuer of private-label credit cards and related marketing services for Sterling. Commenity will also acquire a portion of the Company’s existing customer care operations in Ohio, including approximately 250 employees, as part of the transaction. Closing of the transaction is expected in October 2017, subject to regulatory approval and customary closing conditions.

During the second quarter of Fiscal 2018, we will classify a portion of our credit card receivables as held for sale, which is expected to result in a gain upon reclassification. Additionally, upon finalizing the transaction, we will repay the $600 million asset-backed securitization facility.

Also on May 25, 2017, Sterling and Genesis Financial Solutions, Inc., a Delaware corporation (“Genesis”) entered into a letter agreement, which contains both binding and non-binding provisions (the “Letter of Intent”). The Letter of Intent provides that Genesis will become a servicer for Sterling’s existing non-prime accounts receivable, which includes customer servicing and administrative activities, pursuant to a servicing agreement (the “Servicing Agreement”) with a term of five years subject to renewal for successive two year terms.

The Letter of Intent provides that the Servicing Agreement will be subject to customary representations and warranties, indemnification provisions and termination provisions for cause. The Letter of Intent also provides that, simultaneous with the execution of the Servicing Agreement, Sterling and Genesis will enter into an employee transition agreement and a sublease agreement, in each case, pursuant to agreed upon terms and conditions.

The Letter of Intent requires the parties to negotiate and execute a definitive Servicing Agreement by June 15, 2017, otherwise the Letter of Intent terminates.