Signet Jewelers Limited (Signet) is a specialty retail jeweler with stores in the United States, United Kingdom, Republic of Ireland and Channel Islands. The Company is principally engaged in the retailing of jewelry, watches and associated services. The Company’s business is managed as two geographical operating divisions: the US division (approximately 80% of sales) and the UK division (approximately 20% of sales). Signet’s US division operated 1,317 stores in all 50 states at January 29, 2011. Its stores trade nationally in malls and off-mall locations as Kay Jewelers (Kay) and regionally under a number of mall-based brands. Destination superstores trade nationwide as Jared The Galleria Of Jewelry (Jared). The UK division’s stores trade as H.Samuel, Ernest Jones, and Leslie Davis, and are situated in High Street locations or shopping malls. The UK division operated 540 stores at January 29, 2011, including 14 stores in the Republic of Ireland and three in the Channel Islands.