Retailer News

ZALE EARNINGS RISE 46% IN FISCAL 1995 Zale Corp., the nation's largest jewelry store chain, posted a 46% gain in net earnings for fiscal 1995. Earnings grew despite a fourth-quarter loss attributed to early cancellation of debt. Earnings for the fiscal year ending July 31 totaled $31.5 million on sales of $1.04 billion.That compares with earnings of $21.6 million on sales of $92 million in the previous fiscal year. Comparable store sales grew 12.8%. For the fourth quarter alone, Zale reported a loss of $3.1 million on sales of $211.4 million. That compares with a loss of $5.4 million on sales of $199.9 million for the previous fiscal year's final quarter. Comparable store sales rose 7%. The previous year's fourth quarter included an extraordinary charge of $1.6 million related to refinancing the company's receivables. "We are extremely pleased with our results for the year," says

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