Zale Posts First-Quarter Loss

Zale Corp., North America’s largest jewelry chain, announced that it lost $6.7 million, or 20 cents per share, in the three months ended Oct. 31. That compares with a profit of $37.64 million, or $1.08 per share, in the same period a year earlier.

Revenue in the quarter was sluggish, at $412 million compared with $410 million a year earlier, Zale said. Same-store sales slipped 0.6%.

The Dallas-based chain operates 2,300 stores under several banners, including Zales Jewelers, Gordon’s Jewelers, and Bailey Banks & Biddle Fine Jewelers.