|
Revenue at stores open at least a year is a key gauge of a retailer's health because it excludes results from stores recently opened or closed. Chief Financial Officer Thomas Haubenstricker said the refinancing gives the company more flexibility and make it easier to carry out its future growth plans. Haubenstricker also said that Zale anticipates fourth-quarter revenue at stores open at least a year will rise about 8 percent, helped by a shift in the timing of Mother's Day. The chain foresees the figure climbing about 7 percent for the full year. Zale, whose brands include Gordon's Jewelers, Piercing Pagoda and Zales Jewelers, runs about 1,790 stores in the U.S., Canada and Puerto Rico.
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor