What Signet Jewelers Limited reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
The following table provides the location, use and size of Signet’s material corporate, distribution, and other non-retail facilities required to support the Company’s global retail operations as of January 31, 2026:
Location · Function · Approximate square footage · Lease or Own · Lease expiration
The rest of Item 2
Akron, Ohio · Corporate and distribution · 546,000 · Lease · 2048
Akron, Ohio · Training facility · 11,000 · Lease · 2032
Akron, Ohio · Repair facility · 38,000 · Own · N/A
Barberton, Ohio · Non-merchandise fulfillment · 135,000 · Lease · 2032
Brentwood, Tennessee · Repair facility · 17,700 · Lease · 2028
Charlotte, North Carolina · Corporate and administrative · 12,000 · Lease · 2033
Dallas, Texas · Corporate and administrative · 190,000 · Lease · 2029
Frederick, Maryland · Customer service · 14,000 · Lease · 2026
Kent, Washington · Customer service and virtual studios · 10,500 · Lease · 2029
New York City, New York · Administrative and fulfillment · 65,800 · Lease · 2032
Peoria, Illinois · Repair facility · 13,000 · Lease · 2029
Seattle, Washington · Repair facility · 27,500 · Lease · 2030
Seattle, Washington · Photo studio · 11,000 · Lease · 2027
Markham, Ontario (Canada) · Distribution and fulfillment · 31,000 · Lease · 2031
Birmingham, UK · Corporate, distribution and e-commerce fulfillment · 235,000 · Own · N/A
Watford, UK · Administrative · 20,500 · Lease · 2037
Gaborone, Botswana · Diamond polishing · 34,200 · Own · N/A
Herzliya, Israel · Technology center · 17,800 · Lease · 2028
The Company has additional facilities in Dallas, New York, Israel, and the United Arab Emirates, as well as a diamond liaison office in India. Sufficient distribution exists in all geographies to meet the respective needs of the Company’s operations.
Global retail property
Signet attributes great importance to the location and appearance of its stores. Accordingly, in each of Signet’s brands, investment decisions on selecting sites and refurbishing stores are made centrally, and strict real estate and investment criteria are applied. Below is a summary of Signet’s retail operations by geography and reportable segment as of January 31, 2026:
North America · International · Signet
US · 2,238 · — · 2,238
Canada · 91 · — · 91
UK · — · 245 · 245
Republic of Ireland · — · 8 · 8
Total · 2,329 · 253 · 2,582
North America retail property
Signet’s North America segment operates stores and kiosks in the US and Canada, with substantially all of the locations being leased. In addition to a minimum annual rent cost, mall stores may be required to pay rent based on sales above a specified base level. Under the terms of a typical lease, the Company is required to conform and maintain its usage to agreed-upon standards and is responsible for its proportionate share of expenses associated with common area maintenance, utilities and taxes of the location.
Towards the end of a lease, Signet evaluates whether to renew a lease and refit the store, using similar operational and investment criteria as for a new store. Where the Company is uncertain whether the location will meet its required return on investment, but the store is profitable, the lease may be renewed for an appropriate amount of time and reconsidered for investment at a later date based on the store’s performance. The Company not only monitors the stores’ performance but also monitors other factors such as trade area and mall grade and condition, as well as co-tenancy. The cost of remodels and refurbishments can vary greatly by scope, location and age of store.
Below is a summary of lease and cost information for stores and kiosks in the North America segment as of January 31, 2026:
Typical Initial Lease Term · Average Unexpired Lease Term · Typical Cost of New Store
Kay
Mall · 5 years · 2 years · $0.7 million to $1.0 million
Off-mall · 5 to 10 years · 3 years · $0.6 million to $0.9 million
Zales
Mall · 5 years · 2 years · $0.7 million to $1.1 million
Off-mall · 5 years · 2 years · $0.6 million to $0.9 million
Jared · 10 to 20 years · 4 years · $2.2 million to $3.2 million
Diamonds Direct · 10 to 20 years · 8 years · $3.2 million to $4.0 million
Blue Nile · 5 to 10 years · 5 years · $1.4 million to $1.9 million
Banter
In-line · 3 to 5 years · 2 years · $0.3 million to $0.5 million
Kiosk · 3 to 5 years · 1 year · $0.1 million to $0.2 million
In the North America segment, approximately 27% of US store and kiosk locations are leased from two lessors, and approximately 42% of Canada store locations are leased from three lessors. There is no other individual relationship with any lessor accounting for 10% or more of store locations in either country.
During the past five fiscal years, the Company generally has been successful in renewing its store leases as they expire and has not experienced difficulty in securing suitable locations for its stores. No store lease is individually material to Signet’s operations.
International retail property
The International segment’s stores are generally leased under full repairing and insuring leases (equivalent to triple net leases in the US). Wherever possible, Signet is shortening the length of new leases that it enters into or including break clauses in order to improve the flexibility of its lease commitments. As of January 31, 2026, the average unexpired lease term of International premises was four years, and a majority of leases had either break clauses or terms expiring within five years. Rents are usually subject to upward review every five years if market conditions so warrant. An increasing proportion of rents also have an element related to the sales of a store, subject to a minimum annual value.
At the end of the lease period, subject to certain limited exceptions, leaseholders in the UK generally have statutory rights to enter into a new lease of the premises on negotiated terms. As current leases expire, Signet believes that it will be able to renew leases, if
