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Zale Sales Improve, Results Pressured by Costs
Aug. 31, 2011 10:52AM PST
Gem InvestingReuters reports Zale Corp (NYSE:ZLC) reported its third straight quarter of same-store sales gains.
Reuters reports Zale Corp (NYSE:ZLC) reported its third straight quarter of same-store sales gains.
The market news is quoted as saying,
The sales gains helped the jewelry retailer report a narrower operating loss, but higher diamond, gold and silver costs put pressure on the company’s gross margin.
Zale shares were down nearly 8 percent at $4.38 on Wednesday morning.
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