Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Zale Corporation Posted Operating Earnings Growth to $6M

24 may 2012

Zale Corporation (ZLC) yesterday announced its financial results for the third quarter ended April 30, 2012, having posted Operating Earnings Growth to $6 million, while net loss reduced 2.5 times.
Revenues for the quarter ended April 30, 2012 amounted to $445 million, an increase of $33 million, or 8.1%, compared to $412 million in the same period last year.
Comparable store sales, which are based on year-over-year merchandise sales, increased 8% during the quarter ended April 30, 2012.
U.S. Fine Jewelry brands, accounting for 70% of Zale’s revenues, consisting of Zales Jewelers, Zales Outlet and Gordon's Jewelers, had an increase in comparable store sales of 10.9%.
Meanwhile, Canadian Fine Jewelry brands which contribute 17% of the company’s revenues, consisting of Peoples Jewellers and Mappins Jewellers, posted an increase in comparable store sales by 3.8%.
Operating earnings for the quarter were $6 million, or 1.4% of revenues, compared to an operating loss of $5 million, or negative 1.3% of revenues, in the prior year quarter.
"The six consecutive quarters of positive comps, coupled with continued momentum through the Mother's Day selling period, demonstrates that the strategic initiatives we've undertaken are resonating with our guests," commented Theo Killion, Chief Executive Officer. "In addition, the improvement in operating earnings this quarter is another indication of the progress we are making as we accelerate towards bottom line profitability.
"Net loss from continuing operations for the quarter ended April 30, 2012 was $4 million, or $0.14 per share, compared to a net loss from continuing operations of $10 million, or $0.31 per share, in the comparable quarter last year," – the company said in the statement.

Olga Patseva, Editor in Chief of the American Bureau, Rough&Polished