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Zale’s revenues rise 5.8% in holiday season
Comparable store sales up 5.9%
By: Diamond World News Service
Jan 13 2012 3:25PM
Reference: 6641  


At the end of the holiday period spanning November and December 2011, Zale Corporation’s revenues jumped 5.8 percent y-o-y to $564 million. Its comparable-store sales rose 5.9 percent in the Christmas season last year, which was behind the rise in its comparable-store sales in Christmas season of 2010, which was 8.5 percent.

In the individual month of November 2011, Zale’s same-store sale rose 10.1 percent, while in December by 4.2 percent.

across its fine jewelelry brands in the US operated under the names of Zales Jewelers, Zales Outlet and Gordon's Jewelers, comparable store sales rose 9 percent (7.5 percent in the same period of 2010). The Canadian jewellery brands of Zale, including Peoples Jewellers and Mappins Jewellers, saw a 0.2 percent increase in comparable store sales (15.6 percent in the same period of 2010). Also , the Zale jewelry kiosks (which makes up around 14 percent of Zale’s annual revenues), noted a drop of 2.1 percent in the comparable-store sales (a 4.2 percent rise in the same period of 2010).

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