Zale Reports $190 Million Loss



Zale Corporation reported they incurred a net loss of $189.5 million for the fiscal year ended July 31st, compared to a net loss from continuing operations of $6.5 million in fiscal year 2008.

Revenues were $1.78 billion in 2009 compared to $2.14 billion for 2008, a decrease of 16.8%.

Zale also reported a fourth quarter net loss of $89.8 million, compared to a loss of $10.0 million in the fourth quarter in 2008. Revenues in the fourth quarter were $357.1 million, a decline of 21.7% compared to $456.2 million in last year’s fourth quarter.