Women's Wear Daily

Signet's agreement to buy Zale Corp. for $1.4 billion in cash is the latest example of the need for expansion without cannibalization, Arnold Aronson told Women's Wear Daily, and it's a move that appears to make sense. "In most cases, mergers of ‘likes’ work,” said, Aronson, managing director of retail strategies at Kurt Salmon, “and Signet and Zale would seem to fit that pattern." They’re both mass-oriented, moderately priced and they know how to run lots of stores, he added, saying, "There are obviously a lot of efficiencies and savings to be had in areas like supply chain and e-commerce.”

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