Zale President and CEO Theo Killion and most of his top team are leaving the company in a dramatic Signet corporate reshuffle that includes bump-ups for longtime execs Mark Light, Ed Hrabak and George Murray, and the resignation of Signet's chief financial officer. George Murray, the former Sterling marketing vice president who has held the title of chief integration management officer since May, will replace Killion as president of the Zale division, which includes the assets of the former Zale Corp.: Zales, Gordon's, Piercing Pagoda and Zale Canada. Zale will continue as a separate division.
Dallas -- Zale Corp reported a narrower third-quarter loss on Wednesday. Zale’s net loss narrowed by about a half to $4.5 million in the third quarter ended April 30, from $9 million a year ago. Revenues for the quarter ended April 30, 2012 rose 8.1% to $445 million, compared with $412 million in the same period last year. Same-store sales increased 8%. “The six consecutive quarters of positive comps, coupled with continued momentum through the Mother’s Day selling period, demonstrates that the strategic initiatives we’ve undertaken are resonating with our guests,” said Theo Killion, CEO. “In addition, the improvement
COLUMBUS, Ohio — Express has named Theo Killion has been appointed to its board of directors as a Class III director. Killion is CEO and a director of Zale Corp. Michael Weiss, chairman of the board and the company's president and CEO commented: "I am delighted to welcome Theo to the board and look forward to working with him again. Theo's extensive retail experience in strategy and business development, talent development and risk management will be valuable to Express as we continue to deliver on our four pillars of growth." Killion has served as CEO of Zale Corp.
Dallas -- Zale Corp. said Tuesday that it has named Jamie Singleton as senior VP and general manager of Piercing Pagoda, effective March 27. Singleton is charged with overall responsibility for the company’s kiosk business and will report to Theo Killion, CEO. Singleton most recently served as senior VP business expansion at CPI Corp.
Zales Corporation and Vera Wang have partnered to create an exclusive collection of diamond bridal jewelry. The Vera Wang Love bridal collection will arrive in Zales stores in the U.S. and Puerto Rico in October, and in Peoples retail stores in Canada early next year. The collection will offer a variety of diamond engagement rings, matching wedding bands and solitaire bridal jewelry. Each piece will come with a certificate of authenticity, verifying it as an original design by Vera Wang. Each ring will have the brand logo engraved on the inside, and every engagement ring will include a unique
Dallas -- Zale Corp. said Thursday that net income for the quarter ended Jan. 31 surged to $27.2 million, compared with $6.7 million a year earlier. Zale, which has struggled to regain profitability as the economy improves, posted net income of $27.2 million compared with $6.7 million, or 21 cents per share a year ago. Sales rose to $626.4 million for the quarter, from $582.3 million. Same-store sale rose 7.9%, compared with a decrease of 11.2% during the comparable period in the prior year. The results included interest expenses and a $6 million income tax expense. In the comparable