Trading on Signet Jewelers halted on Tuesday morning following news that a massive class action lawsuit has been taken against Sterling Jewelers, which owns Kay Jewelers an Jared the Galleria of Jewelry and is itself a part of Signet.
More problems for America's big retailers: Target's earnings missed forecasts in the fourth quarter. Sales are falling. And 2017 isn't going to be much better. Even though Target's digital sales are growing, it's still no Amazon.
Sterling Jewelers, the company that owns Kay Jewelers and Jared the Galleria of Jewelry, has been accused of fostering a culture of sexual harassment and discrimination against its female employees.
Fox News last week sought the expert commentary of a Swedish defense adviser during a segment on refugees. But nobody in the Swedish government has heard of the man.