By  on August 31, 2011

Shares of Zales Corp. fell 14.1 percent to $4.08 Wednesday, after the struggling midtier jeweler widened its fiscal fourth-quarter loss.

Matthew Appel, executive vice president, chief financial and administration officer, told analysts on a conference call that the company was unable to offset “the unprecedented increases in raw material costs” and implemented price increases across all its brands.  

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