Home / Knowledge / News / Fashion / Zale announces increase of $100 mn in stock repurchase program
Zale announces increase of $100 mn in stock repurchase program
Mar '08
Zale Corporation, a leading specialty retailer of fine jewelry in North America, announced that its Board of Directors has authorized an increase of $100 million as part of the Company's stock repurchase program.

The new authorization is in addition to the $200 million repurchase authorization disclosed in November of 2007. As previously announced, the Company expects to retire approximately 11 million shares in total once the $200 million repurchase is complete.

Currently, approximately $60 million is available under the previous authorization. The new authorization is expected to be executed through open market purchases, including through 10b5-1 plans and other means.

“As we have stated, the Company is committed to the generation of free cash flow through operational efficiencies, refinements in capital expenditures and a reduction in inventory levels.

This additional authorization underscores Zale's commitment to prudent uses of capital and is another step designed to generate value for shareholders over the long-term,” said Rodney Carter, Executive Vice President, Chief Administrative Officer and Chief Financial Officer.

Zale Corporation

Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

NCC applauds House passage of farm legislation

Textiles | On 22nd Jun 2018

NCC applauds House passage of farm legislation

The National Cotton Council (NCC) of the US has welcomed the passage...

Courtesy: Roman Pohorecki from Pexels

Apparel/Garments | On 22nd Jun 2018

UK launches inquiry on sustainability of fashion industry

The Environmental Audit Committee of the UK Parliament has launched...

Interviews View All

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search