Retailer News

ZALE BUYS KARTEN'S, POSTS HOLIDAY GAIN Zale Corp. has acquired Karten's Jewelers, which has 20 stores in New Hampshire, Massachusetts, Connecticut and Rhode Island. Karten's will become part of Zales Jewelers, the company's largest division with more than 540 stores. The stores will keep the Karten's name for an unspecified time and then change to Zales Jewelers. "This significantly strengthens our presence in the Northeast and gives us the opportunity to grow our Zales Jewelers name," says Robert J. DiNicola, chairman, president and chief executive officer of Zale Corp. The acquisition also is one of Zale's first steps in its goal of adding 250 stores through 1998. Meanwhile, Zale Corp. announced that December sales totaled $297.7 million, up 6.2% from December 1994. "We're pleased we were able to achieve these sales results without resorting to deep discounting or additional pr
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