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Zale holiday sales lag
Dallas -- Zale Corp. reported Tuesday that same-store sales for the holiday selling season of November and December 2011 rose 5.9%, compared with an 8.5% gain in the same period last year.
Within the two-month period, same-store store sales increased 10.1% in November and 4.2% in December.
Revenues for the two-month period were $564 million, compared with $533 million in the same period last year, an increase of 5.8%. -
Claire's searches for new CEO
CHICAGO — Claire's Stores has announced that Eugene Kahn , the company's CEO, has resigned. The company said its board of directors will conduct a search for a new CEO and will consider both internal and external candidates for this position. In the meantime, James Conroy , president of Claire's Stores, and Jay Friedman , president of Claire's North American Division, will form an interim office of the CEO, reporting to the board of directors. All of these management changes are effective immediately.