Signet Jewelers accounted a net loss worth US$424 million in the fourth fiscal quarter ended January 31, 2009. In the same period of the previous fiscal year it reported net profit worth US$143 million, indicating that its financial status has been affected by the slow sales and one-time impairment charges worth US$516.9 million to adhere to the changes in its reporting standards, after it shifted its primary listing of shares from the London Stock Exchange (LSE) to the New York Stock Exchange (NYSE) last year in September. %% The company’s sales in the said three months dipped by 19 percent to US$1.1 billion, or 13 percent at constant exchange rates (not accounting for the impact of currency fluctuations). The retailer’s same-store sales slid by 15 percent. %% Region-wise, sales in the U.S. incurred a decrease of 14 percent, amounting to US$862.1 million in the said three months, while the operating loss was worth US$327.1 million. In the same quarter last year, the company earned profits worth US$122.7. Sales in the U.K. were down by 32 percent to US$261.5 million and the operating loss was worth US$39.3 million. Last year, the same three months earned profits worth US$105 million. The company is re-looking at its investments and is working at reducing its costs, to survive the weak economic environment.