Zale Corporation

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  • Nov. 23, 2012, 6:51 AM
    Black Friday shopping will be the headline story in retail for the day, but the underlying plot will be the effect online channels have on the total sales hauls. Though various trade groups tag Black Friday weekend shopping to see a 3% to 4% rise this year, online shopping is expected to increase by closer to 15% heading into Cyber Monday. Online has also been where the winners and losers in the sector have been separated with major online forces such as Macy's (M) and Dick's Sporting Goods (DKS) roaring to huge gains - while the likes of J.C. Penney (JCP) and Big Lots (BIG) limp along.
    | Nov. 23, 2012, 6:51 AM | 1 Comment
  • Nov. 21, 2012, 12:45 PM
    Midday top 10 gainers: MEMS +72%. NLP +38%. ARCI +20%. INFI +14%. VVUS +14%. NCTY +13%. SKX +12%. SQNM +11%. PSUN +11%. MTSL +11%. Midday top 10 Losers: STV -46%. ZLC -29%. CNET -18%. SCHL -18%. TLYS -17%. STJ -14%. CLNT -13%. EBR -11%. HGSH -11%. KID -11%.
    | Nov. 21, 2012, 12:45 PM | 1 Comment
  • Nov. 21, 2012, 9:07 AM

    Zale (ZLC) -13.8% premarket after FQ1 results missed estimates. Comparable store sales rose 3.9% vs. a 5.8% rise in the same period last year. Fashion jewelry unit volume was offset by reduced average price per unit, the CFO says. ZLC reiterates expectations for positive net income for FY 2013; consensus calls for FY13 EPS of $0.35.

    | Nov. 21, 2012, 9:07 AM
  • Nov. 20, 2012, 5:39 PM
    After-hours top gainers, as of 5:15 p.m.: MEMS +83.3%. NAVB +9.7%. VELT +6.9%. XOMA +6.3%. ANFI +6.0%.
    After-hours top losers: TLYS -16.9%. ZLC -12.6%. DNDN -3.4%. MBI -2.2%. CHTR -2.1%.
    | Nov. 20, 2012, 5:39 PM
  • Nov. 20, 2012, 4:09 PM
    Zale (ZLC): FQ1 EPS of -$0.88 misses by $0.20. Revenue of $357.5M (+1.8% Y/Y) misses by $7M. Shares -10% AH. (PR)
    | Nov. 20, 2012, 4:09 PM
  • Nov. 9, 2012, 7:02 AM
    Citi launches coverage of Zale (ZLC) with a Buy rating. The upgrade comes on top of Zale running up a 74% YTD gain and in front of the company's FQ1 earnings report slated for November 20.
    | Nov. 9, 2012, 7:02 AM
  • Nov. 2, 2012, 7:56 AM

    The recent mix of economic news and retail sales reports sets the table for a holiday retail season that will come in better than original forecasts, according to IHS Global Insight. What to watch: While Hurricane Sandy is only an "interruption" to retailers on a strong growth track and an "excuse" for underperformers, two potential drags on Q4 retail sales could be a fiscal cliff that doesn't get resolved or a national election that is in dispute.

    | Nov. 2, 2012, 7:56 AM | 1 Comment
  • Oct. 31, 2012, 10:04 AM
    Mall-based retailers and department stores are holding up relatively well in early trading after the effect of Hurricane Sandy was lined up as a major Q4 headwind. The trick now is to figure out which retail firms can recover lost sales. Two notables exceptions to the subdued trading pattern - J.C. Penney (JCP -4.8%) and Sears (SHLD -6.5%) - had a slightly higher percentage of stores in the path of Hurricane Sandy than the average in the sector.
    | Oct. 31, 2012, 10:04 AM | 12 Comments
  • Oct. 30, 2012, 10:02 AM

    Forecasts on the effect of Hurricane Sandy on retail sales still vary greatly, although the general consensus is that a short-term boost of emergency items will lift sales for select companies while the prolonged cleanup could dampen overall holiday sales. Analysts see the list of losers much longer than the list of winners as home repairs take up a great deal of discretionary spending. In a nutshell: Every retailer has a different Sandy-related thesis, with product and geographic mix essential to estimating Q4 numbers.

    | Oct. 30, 2012, 10:02 AM | 2 Comments
  • Oct. 26, 2012, 11:10 AM
    Though consumer sentiment rose to its highest level in five years, don't look for retailers to start adjusting guidance anytime soon. In an interview with CNBC yesterday, AutoNation CEO Mike Jackson gave a somewhat frank assessment of how many execs are looking toward Q4 by noting the fiscal cliff could create a standstill to spending over the last ten days of the year as the automatic cuts slated for January 1 loom larger. Even if a late deal is struck, Q4 sales could take a blow. (video)
    | Oct. 26, 2012, 11:10 AM | 7 Comments
  • Oct. 22, 2012, 1:14 PM

    Retailers want to edge into the holiday shopping season as early as possible this year with most forecasts calling for steady - but not spectacular - spending numbers. Trends to watch: 1) Increased online couponing and promotional activity from fringe players. 2) Managing inventory should be easier with the season starting early and big data initiatives firing up which could help margins. 3) The calendar comes through for retailers with a lush 32-day window between Thanksgiving and Christmas extending the crucial part of the season.

    | Oct. 22, 2012, 1:14 PM | 2 Comments
  • Oct. 4, 2012, 7:57 AM

    The vibe flowing out of September sales reports from retailers is largely positive with big names such as Costo and Limited Brands showing brisk sales, while teen seller Zumiez (ZUMZ) knocked it out of the park with 18.6% growth. Although back-to-school season numbers look to be beating expectations, the best gift for retail investors may be when Q3 reports roll in with companies showing improved margins as clearance sales were avoided and inventory controls clicked.

    | Oct. 4, 2012, 7:57 AM
  • Oct. 2, 2012, 6:45 AM
    The National Retail Federation expects holiday sales to rise 4.1% to $586.1B this year. Though the mark would rep the slowest pace of growth since 2009, the forecast is still higher than the average growth of 3.5% realized over the last ten years for the November to December period. Online retail is still a bright spot, with holiday sales expected to rise 12% this year to $96B.
    | Oct. 2, 2012, 6:45 AM | 9 Comments
  • Oct. 1, 2012, 1:46 PM

    Citigroup analyst Deborah Weinswig advises retailers to keep a sharp focus on online initiatives despite the staggering growth numbers bandied about for mobile and social networking sales. Estimates from Forrester Research indicate online retail sales will surge to $327B by 2016 - a mark that is estimated to be 10X greater than what smartphone sales will generate. A roadmap for retailers: Adopt a clever omnichannel strategy that produces synergistic benefits to complement online and brick-and-mortar businesses instead of poaching sales with hyper-aggressive mobile promotions.

    | Oct. 1, 2012, 1:46 PM
  • Sep. 27, 2012, 12:44 PM

    Young shoppers are the force behind the rapid growth of showrooming with their grasp on how to use mobile devices to find the best deals, according to research by AlixPartners. Naturally, Amazon (AMZN +2.2%) appears to be a beneficiary of the trend, but brick-and-mortar retailers could have a secret weapon. A retail brief published by Aimia suggests that the very same savvy young shoppers who make showrooming a force of habit are also the most loyal reward program participants. The end game: A loyalty program with soft benefits could steal Amazon's thunder.

    | Sep. 27, 2012, 12:44 PM | 2 Comments
  • Sep. 25, 2012, 1:14 PM

    Toys R Us Chairman Jerry Storch makes the case on Squawk Box that brick-and-mortar stores won't go away anytime soon, but will morph into mini-distribution centers. The line of thought follows a recent trend by retail players of using existing stores as fulfillment centers and showcasing more extensive pick up options to online buyers. The end game: Retail stores see a competitive advantage over Amazon if they can deliver products faster as they still dream about ultimately offering the holy grail of online shopping - same-day delivery.

    | Sep. 25, 2012, 1:14 PM | 13 Comments
Company Description
Zale Corporation is a specialty retailer of fine jewelry. It reports its operations under three business segments namely fine jewelry, kiosk jewelry and all other.
Sector: Services
Industry: Jewelry Stores
Country: United States