Zale sticking by product-centric strategy
In an exclusive interview with National Jeweler, Zale CEO Neal Goldberg says the retail jeweler is banking on its spruced-up displays and improved merchandise offerings to catch the eye of consumers.
Zale comps slip nearly 4 percent
Irving, Texas--Despite its efforts to offer new merchandise and update the look of its stores, Zale Corp. announced that its same-store sales declined 3.7 percent in the first quarter 2009 amid...
Zale CEO offers turnaround plan at Rap conference
New York—Hundreds of jewelry industry players gathered at New York City's classic Waldorf-Astoria hotel on Monday for a modern view of the state of the diamond industry.
Shake-up at the top for Zale
Irving, Texas—Zale Corp. President and Chief Executive Officer Betsy Burton has stepped down from her position, replaced by a retail veteran from outside the company.
Sales down 18 percent for Zale
Dallas--Revenues fell 17.9 percent in the second quarter of fiscal 2009 for jewelry chain Zale Corp., with the retailer slashing staff and closing stores in the face of the global economic crisis.
DEF names Zale's Goldberg as board co-president
New York--The Diamond Empowerment Fund (DEF) has announced the election of two new board co-presidents: Zale Corp. Chief Executive Officer Neal Goldberg and Hip-Hop Summit Action Network President and...
Zale 4Q sales up 6 percent
Dallas—Same-store sales at Zale Corp. increased 6.1 percent for the fourth quarter ended July 31, while revenues increased 6.1 percent to $456 million, compared with $430 million for the same...
Tough holiday leads to cutbacks, worse for chains
New York--A disappointing 2008 holiday season left the country's major retailers scrambling to cut costs in 2009, with numerous chains--including Macy's and Target--sending American workers to...
Annual Rap conference slated for September
New York—Diamond-pricing guru Martin Rapaport is encouraging anyone interested in hearing about the future of the diamond industry to join him next month in New York.
Zale 3Q same-store sales up 5.8 percent
Dallas—Same-store sales at Zale Corp. increased 5.8 percent for the third quarter ended April 30, and revenues for the period increased 6.3 percent to $477 million, compared with $449 million...
Zale reports 3Q EPS loss
Dallas—Zale Corp. reported today a net loss from continuing operations for the third quarter of fiscal 2008 of $17.4 million, or $0.42 per share, compared with a loss of $5 million, or $0.10...
Zale holiday sales down 9 percent
Dallas—Same-store sales for Zale Corp. decreased 9 percent in November and December as the struggling jewelry chain tries to regroup under new leadership.
Investor raises stake in Zale
Washington, D.C.—An activist investor has nearly doubled his stake in Zale Corp., just eight days after the company named a new CEO.
Breeden raises stake in Zale, again
New York—Activist investor Breeden Capital Management LLC's stake in jewelry chain Zale Corp. continues to grow, a Securities and Exchange Commission (SEC) filing on Tuesday shows.
Breeden's stake in Zale continues to rise
New York—Investor Richard Breeden increased his stake in Zale Corp. for the second time in a week.
Zale holiday sales down 19.6 percent
Dallas--Same-store sales at Zale Corp. decreased 19.6 percent for the November-December 2008 period, compared with the same period last year, the company announced on Thursday.
Analysts: Zale prime target for foreign investors
Irving, Texas—Analysts see a different future—and likely a new owner—on the horizon for Zale Corp., an 84-year-old fixture in the U.S. jewelry industry that has struggled to...
Zale CFO Carter resigns, Gordon in interim role
Dallas--Zale Corp. announced on Tuesday that Chief Financial Officer Rodney Carter has left the company, effective immediately.
Breeden ups stake in Zale
New York—Former U.S. Securities and Exchange Commission (SEC) Chairman Richard Breeden has upped his interest in struggling jewelry chain Zale Corp.