Zale
Corp announced Thursday a net loss of $12.1 million in the third quarter,
compared to a net loss of $19.5 million in last year’s third quarter. Aggregate
revenues for the quarter ended April 30, 2010 were $360 million, a decrease of
5.1% compared to $379 million last year.

Same store sales during the quarter decreased 2.2 percent, compared to a
decrease of 20.0 percent last year. The company has closed a net amount of 149
retail locations since April 30th, of which six were closed in the third
quarter.

JCK