Zale Corp's Dec same store sales climb 3%

06 Jan '06

3 min read

"Although we are disappointed that we did not achieve our overall holiday sales objective, we are very pleased with the strong performances we had at four of the Company's six brands," commented Mary L. Forte, President and Chief Executive Officer. "The underperformance at our Zales brand and at Piercing Pagoda had a significant impact on our consolidated results."

Ms. Forte continued, "The repositioning at Zales is in its early stages and did not produce the results we expected this Holiday. However, the strong performance achieved by our other brands that are further along in a number of our corporate initiatives clearly indicates that the strategy is working and we are on the right track."

Zale Corporation is North America's largest specialty retailer of fine jewelry operating approximately 2,400 retail locations throughout the United States, Canada and Puerto Rico, as well as online.

Zale Corporation's brands include Zales Jewelers, Zales Outlet, Gordon's Jewelers, Bailey Banks & Biddle Fine Jewelers, Peoples Jewellers, Mappins Jewellers and Piercing Pagoda. Through its ZLC Direct organization, Zale also operates online at www.zales.com and www.baileybanksandbiddle.com. Additional information on Zale Corporation and its brands is available at www.zalecorp.com.

Zale Corporation

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