February 16, 2000 |
Wal-Mart Stores Inc. said its fiscal fourth-quarter earnings rose 23%, slightly better than expectations, but warned that increasing costs could pressure growth this year. The world's largest retailer said net income rose to $1.92 billion, or 43 cents a share, from $1.56 billion, or 35 cents, a year ago as sales grew at its U.S. superstores and international profit nearly doubled. Total sales jumped 26% to $51.4 billion.
CALIFORNIA | LOCAL
May 18, 1995 |
A judge Wednesday rejected a proposed settlement of a class-action suit against jewelry store giant Zale Corp. "I've never seen anything like this," Judge James R. Ross said during a fairness hearing at Superior Court in Fullerton. "The settlement is absolutely denied," he said, calling the offer "the greatest advertising scheme I've ever seen." Three law firms--B.
December 31, 1991 |
Blaming disappointing Christmas sales and the lingering recession, Zale Corp., the nation's largest retail jewelry chain, said Monday that it will close about 400 of its 2,000 U.S. outlets and restructure its huge debt load. Zale, whose operations have been troubled for two years, also said it will stop making payments on its nearly $1.2 billion in debt until its financial restructuring is complete.
May 25, 1989 |
Zale Corp., the nation's largest jewelry chain, moved Wednesday to conquer new regions and younger markets, saying it will buy No. 2 Gordon Jewelry Corp. for $310.9 million. Privately held Zale is offering $36.75 a share for Houston-based Gordon, a chain with more than 600 stores. The new company will have more than 2,000 stores and annual sales of $1.3 billion, analysts said. Gordon shares shot up $6.375 to $36.125 on the New York Stock Exchange, a gain of 21%. The stock was already trading at record levels because of takeover speculation.
September 16, 1986 |
Kathy Zweber had this problem. She and her husband, Tim, wanted to have kids. The time was right. The marriage was on solid ground. They were both professionals, she an accountant, he a financial appraiser. With both of them working, they could afford to begin raising a family. The problem was child care. Kathy Zweber didn't want to be away from her children all day, didn't like the idea of dropping them off at a day-care center far from the office.
April 29, 1993
A West Hollywood woman has filed suit against Zales jewelers, alleging that she was the object of age and sex discrimination while an employee of the firm's Glendale Galleria branch. Linda Skladzien, 46, is seeking more than $200,000 in damages from Dallas-based Zale Delaware Inc., according to the complaint filed in Glendale Superior Court. Zales regional manager Bruce Reschke and store manager Dana Baldizar are also named as defendants. The company is denying the allegations.
March 4, 1986
The board determined that it would be inappropriate to consider a previously announced proposal by Peoples Jewellers of Toronto to buy the 85% of Zale that it does not already own. Directors voted after being informed that holders of 32.3% of Zale's outstanding stock had indicated in an SEC filing that they would oppose the merger. The filing was by members of the Zale and Lipshy families. Any merger involving Zale would require the approval of two-thirds of all shareholders.
December 23, 2009 |
I knew things would be bad even before I set out this week to see how jewelry stores were faring this holiday season. I knew owners of these small businesses were facing a triple whammy: the crappy economy, sky-high gold prices and a product that's a luxury and by no means a necessity. I expected to hear more than a few tales of woe. But I wasn't ready for the complete devastation I came across. "It's almost Christmas," said Joel Taban, owner of Oro Shop in the heart of the jewelry district in downtown Los Angeles.