Zale Holiday Sales Up 8.5%, May Sell Piercing Pagoda

Highlights of
Zale’s holiday sales statement (combined months of November and December):

  • Comparable store
    sales: up 8.5 percent
  • Total revenues:
    $533.1 million, up 8 percent
  • November same
    store sales: up 11.5 percent
  • December same
    store sales: up 7.4 percent
  • U.S. fine
    jewelry brands (consisting of Zales Jewelers, Zales Outlet, and Gordon’s
    Jewelers) store sales: up 7.5 percent
  • Canadian fine
    jewelry brands (consisting of Peoples Jewellers and Mappins Jewellers) same
    store sales: up 15.6 percent
  • Kiosk jewelry
    same store sales: up 4.2 percent

For more
information on Zale’s financial statement, click here.

In related news, the New York Post reported that Zale is in “advanced talks” to sell the Piercing Pagoda chain for between $100 and $150 million to Apollo Management, owner of retailer Claire’s. A decision is expected by the end of the month, the newspaper reported.