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Fast food goes high tech at The Melt
New York City -- Grilled cheese and soup is the signature calling card at The Melt, a start-up restaurant concept debuting in San Francisco with big plans for the future. The Melt expects to have five eateries up and running in the Bay Area by yearend -- with plans to expand to over 500 locations nationally by 2015.
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Zale loss widens on higher costs but beats Street; adds credit options
Dallas -- Zale Corp. reported Wednesday that its loss for the quarter ended July 31 widened to $32.6 million from $28.5 million a year earlier. Its results were impacted by increased inventory charges and absent a one-time gain recorded a year ago.
Revenue rose 9% to $377.3 million, compared with $345 million in the year-ago period. Wall Street expected higher losses on revenue of $360.4 million.
Same-store sales increased 9.8% in the quarter.