Zale Corporation Announces Holiday Season Sales
David Sternblitz, 972-580-5047
Vice President and Treasurer
Zale Corporation (NYSE: ZLC) reported today that comparable store sales decreased 12.0% for the tiffany jewelry sale months of November and December 2009, encompassing the entire holiday selling period. Total revenues for the two-month period were $494 million compared to $582 million last year, a decrease of 15.1%.
Within this two-month period, November same store sales declined 18.6% and December same store sales declined 9.2%. During the holiday selling period, the Company maintained pricing and promotional discipline which favorably impacted gross margin performance and appreciably mitigated the impact of reduced sales on aggregate margin dollars.
About Zale Corporation
Zale Corporation is a leading specialty retailer of diamonds and other jewelry products in North America, operating approximately 1,900 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, Peoples Jewellers, Mappins tiffany bracelets and Piercing Pagoda. Zale also operates online at www.zales.com, www.zalesoutlet.com and www.gordonsjewelers.com. Additional information on Zale Corporation and its brands is available at www.zalecorp.com.
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