JCK 5: Retailers & Companies Reveal Mid-2012 Financial Reports

Leading retailers and companies delivered an uneven group of financial results in August:1. Zale Corp.’s net loss totaled $20 million in the fourth quarter, down from a net loss of $33 million during the same period last year. Same-store sales rose 6.9 percent.2. J.C. Penney announced another downbeat quarter, with comp sales for the second quarter down 21.7 percent and the company recording a $147 million net loss.3. Signet reported strong results for the second quarter of fiscal 2013, with same-store sales rising 7.1 percent and operating income up 8.4 percent.4. Tiffany & Co.’s worldwide net sales totaled $877 million in the second quarter—a 2 percent increase over the same period in 2011. The company also cut its profit outlook for the year.5. Movado Group’s net sales totaled $118 million in the second quarter, a 4.2 percent increase from a year ago. Profits jumped 78 per

JCK PRO is transitioning its services and the PRO login will no longer exist as of May 31, 2023.
For questions or support, please contact Customer Service: jckpro@jckonline.com

Already a JCK Pro? Log in

Log Out

Are you sure you want to log out?

CancelLog out