UPDATE 1-Zale 3rd-qtr sales up but expects loss
Published at: www.reuters.com
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May 12, 2008
Zale Corp posted a 5.8-percent increase in third-quarter same-store sales, boosted by markdowns, but said it expected a loss in the period as gross margins were hurt by those markdowns. Total sales for the quarter, which ended on Apr. 30, rose 6.3 percent to $477 million. Do we know what advantages Zale has taken by taking these steps.
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Nicholas WhitePresidentRetail Horizons, Inc
May 9, 2008
Zale traded margin for sales growth and still expects to lose 40 cents to 45 cents per share in its third quarter. The question for investors is can the company improve sales and profitability during Christmas 2008 (FY 2009) using the same underlying tactics? Here's why investors may be disappointed.
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