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  • ShrimpFever > 2014 > May > 24 > RELIEF IN SIGHT The Dallas based chain

    RELIEF IN SIGHT The Dallas based chain

    May 24th, 2014  |  Published in Uncategorized

    canada goose coats on sale Zale expects capital canada goose uk shop raised canada goose coats on sale

    canada goose black friday sale Zale, which reported better Canada Goose Parka than expected quarterly results on Wednesday, hired turnaround expert Peter J. Solomon Co earlier this month to identify a canadian goose jacket source of capital that would help it shore up sales and its cash buy canada goose jacket cheap flow. [ID:nN24171650]are Canada Goose Online expecting within 90 days that we will have identified the source (of the capital) and closed on the capital raising activity such that the money is in the business, Zale Chief Financial Officer Matt Appel told canada goose uk black friday Reuters in an interview. [ID:nN23231233]On a conference call with analysts earlier in the day, Appel said Canada Goose Jackets Zale had no current plans to sell cheap Canada Goose off any parts of the company, though he did not reject the idea outright.Zale, whose stores canada goose clearance include the Zales Jewelers chain in the United States and the Peoples Jewellers in Canada, posted better than expected quarterly earnings, its second profit in the last uk canada goose outlet nine quarters. The results could help it canada goose clearance sale attract investment to shore up its business.Zale shares canada goose coats on sale rose nearly 9 percent on the earnings.During the fiscal second quarter, Canada Goose Outlet which included the Christmas shopping period, sales at Zale stores open at least a year fell 11.2 percent.RELIEF IN SIGHT The Dallas based chain, the largest jeweler in North America by store count, reported a profit of $6.7 million, or 21 cents per share, for the second quarter, ended Jan. 31, versus a year earlier loss cheap canada goose uk of $31.8 million, or $1 per share.Analysts on average had forecast a profit of 2 cents a share, according to Thomson Reuters I/B/E/S.Sales fell 14.3 percent to $582.3 million, while analysts had canada goose store expected $587.0 million.Zale eased its discount levels and closed 28 stores during the second quarter, boosting its gross margin by 5.8 percentage points to 49.8 percent.Inventory as of Jan. 31 was valued at $738 million, down canada goose black friday sale 13 percent from a year earlier. The company said it does not expect levels to fall much more.After the dismal holidays, sales seem to have stabilized. Interim Chief Executive Theo Killion said on the conference call Canada Goose sale that same store sales over the four day canada goose weekend around Valentine Day were positive.The cash strapped jeweler cut back on Canada Goose Coats On Sale its advertising spending but launched a multimedia campaign just before Canada Goose online Valentine Day to snag last minute shoppers.Appel said Zale will have the money it needs by May for a full fledged advertising campaign before Mother Day, which is the second most important season after Christmas.Over the holidays, Zale canceled millions of dollars of orders from vendors and delayed payments. Appel said vendors have been shipping merchandise and canada goose coats that Zale is paying them.CREDIT LINE WANES Zale closed 187 stores in 2009 and canada goose uk outlet currently has about 1,900 stores in North America. Killion does not see many more store canada goose outlet vancouver closings this year, adding that very few leases were due to expire in the next 12 months.Zale also has some more breathing room following the bankruptcies of rivals such as Friedman and Whitehall.the closures that have taken place, I don believe the mid market is over stored, Appel said, adding that market conditions for mid priced jewelers have improved of late.Another danger for Zale is how close it buy canada goose jacket appears to be to tripping a canada goose factory sale covenant on its $600 million credit line that expires in August uk canada goose 2011 and requires it to keep $50 million available.By the end of January, the line was down to $67 million, though Appel insisted Zale would not go below the limit.Zale lowered its long term debt to $367.6 million at the end of the quarter, down 5.6 percent from a year earlier. (Reporting by Phil Wahba; Editing by Derek Caney, John Wallace and Gunna Dickson) canada goose black friday sale.

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