Signet Jewelers (SIG) shares are trending higher after topping second-quarter earnings estimates on the top and bottom lines. Signet Jewelers CEO Gina Drosos joins Yahoo Finance Live to explain consumer spending patterns the diamond retailer is noticing.
"Over the last couple of months, we have seen some modest increases in traffic and we've seen some resurgence in low-priced fashion," Drosos says. "That's actually a good sign... as women are going back to work, kind of a back-to-school feeling. that typically bodes well as we go into holiday."
Drosos also notes the new ways customers are shopping for and researching jewelry online, stating "close to 80 percent of customers start their shopping journey online."
