Zale Corporation Announces Comp. Store Sales Up 8.5%

Zale Corporation ZLC today announced that comparable store sales increased 8.5% for the combined months of November and December 2010, encompassing the entire holiday selling period. Within this two-month period, November same store sales increased 11.5% and December same store sales increased 7.4%. At constant exchange rates, which excludes the effect of translating Canadian currency denominated sales into U.S. dollars, comparable store sales increased 7.6% for the holiday selling period. Total revenues for the two-month period were $533.1 million compared to $493.7 million last year, an increase of 8.0%.