By and and  on May 27, 2009

Specialty apparel chains showed some signs of improvement as they reported first-quarter results Wednesday, but hopes for a speedy recovery were nowhere to be found in the third-quarter results of jeweler Zale Corp.


The Dallas-based chain reported that, in the third quarter ended April 30, its net loss mushroomed to $23.2 million, or 73 cents a diluted share, 27 cents worse than analysts expected and higher than the year-ago loss of $16.8 million, or 40 cents.

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