Zale loss narrows; to close small number of underperforming units

Dallas -- Zale Corp reported a narrower third-quarter loss on Wednesday. Zale’s net loss narrowed by about a half to $4.5 million in the third quarter ended April 30, from $9 million a year ago. Revenues for the quarter ended April 30, 2012 rose 8.1% to $445 million, compared with $412 million in the same period last year. Same-store sales increased 8%. “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,” said Theo Killion, CEO. “In addition, the improvement