Shares of Zale Corp. surged more than 20 percent Thursday after the jewelry retailer reported a fourth-quarter loss far below analysts’ expectations and laid out 2009 guidance well above them.
For the three months ended July 31, the Dallas-based firm reported a net loss of $4.9 million, or 15 cents a diluted share, against net income of $1.5 million, or 3 cents, in the year-ago quarter. Accelerated by the company’s plan to reduce inventory, sales were up 6.1 percent to $456.2 million from $430 million in the year-ago quarter and were up 6.1 percent on a same-store basis, reducing the company’s year-end same-store sales decline to 0.7 percent.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)