Zale key sales figure up 2 pct. in holiday period

Zale sales at stores open at least a year climb 2 pct. for November-December holiday period

Associated Press

DALLAS (AP) -- Sales at Zale's stores open at least a year rose 2 percent on a constant currency basis for the two-month holiday period.

That's above the 1.6 percent increase that the jewelry company reported in the prior-year period.

Sales at stores open at least a year is a key indicator of a retailer's health because it excludes the volatility typical of stores recently opened or closed.

Sales at Zales stores open at least a year — which includes Zales Jewelers and Zales Outlet — climbed 4.4 percent. Sales at Peoples stores open at least a year rose 2 percent on a constant currency basis.

Piercing Pagoda's sales at kiosks open at least a year fell 5.1 percent.

Zale Corp. said that all of its results for sales at store open at least a year include related online sales for those businesses.

Total revenue for the November-December period fell to $556 million from $567 million, mostly due to fewer stores and a drop in the Canadian exchange rate.

Zale has about 1,680 stores in the U.S., Canada and Puerto Rico.

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