Zales Holiday Sales Down 12 Percent

Zale Corporation reported Thursday that comparable store sales decreased 12 percent for the combined 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 percent.  Within this two-month period, November same store sales declined 18.6 percent and December same store sales declined 9.2 percent.

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