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Friday, 6th August 2004 (5480 views)

Comparable store sales at Zale Corp increased by 2.1 per cent during the fourth quarter ending July 31, according to the firm's latest results.<BR/><BR/>Additional figures reveal that total revenues for the fiscal year were $2,304 billion compared to $2.212 billion last year.<BR/><BR/>Mary L. Fort , president and CEO told Professional Jeweler: "These sales results met our expectations for the fourth quarter and have us well positioned as we enter our new fiscal year.<BR/><BR/>"During the course of the year, we continued to fine-tune our merchandise assortments, strengthened our clientele development efforts and made operational adjustments to improve our in-stock positions, all of which had a positive impact on our sales performance."<BR/><BR/>The group has also announced that its board of directors has approved a stock repurchase program whereby Zale can at certain points purchase up to an aggregate of $50 million of Zale common stock on the open market.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3177964"/>

 

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