Jewelry retailer Zale Corp. named interim chief executive officer Mary “Betsy” Burton to the post permanently and launched a search for a new chief financial officer. Zale’s board tapped Burton‚ a director‚ as its interim CEO in late January after forcing the resignation of Mary Forte‚ CEO since 2002. Zale’s board made the change following the failure of Forte’s campaign to shift the advertising and merchandise at the retailer’s flagship Zales Jewelers to appeal to a more upscale and fashion-conscious
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THE ZALE CORPORATION Zale Corporation is a leading specialty retailer of diamonds and other jewelry products in North America. The Company has significant brand name recognition as a result of each of its brands’ long-standing presence in the industry‚ having 2.349 stores in the United States‚ Puerto Rico and Canada. The Company´s vision “provide customers with quality merchandise at the lowest possible price” has remain the same since its first store opening in 1920´s. The Mission of Zale Corporation
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Outline: I. Introduction: + Born into and brought up in a noble family‚ Virginia Woolf has a deep knowledge about her aristocratic society. Therefore‚ almost all her works revolve around this. + One of example is “The Duchess and The Jeweler” + Buying ten pearls from the duchess while knowing they are counterfeits is a big mistake?? II. Body: + From the point point of view of a business man + As an ordinary person and a man in love with the girl III. Conclusion:
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Zale Introduction Zale Corporation is the largest chain of specialty retail jewelry stores in the United States. It currently operates 2‚349 stores in the United States‚ Puerto Rico‚ and Canada‚ employs about 16‚900 employees‚ and operates in various segments serving different customer demands. Zale Corporation has been profitable throughout most of its history. However‚ Zale has recently encountered setbacks including unprofitable margins‚ unstable leadership‚ declining market share‚ and
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"Hallstead Jewelers was one of the largest jewelry and gift stores in the United States for 83 years. Customers came from the tri-state regions to buy from Hallstead’s extensive diamond collections in each department. Any gift from Hallstead’s had an extra cache attached to it as they were known for having the best. Even though the principal retail shopping areas shifted two blocks west‚ Hallstead’s reputation and selection still brought in customers. In 1999 however‚ sales became stagnate
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Financial Performance Comparison: Zales & Signet Financial Performance Comparison: Zales & Signet Zales & Signet are two leading companies within the jewelry industry. Though they have many similarities‚ one of the primary differences is that Zales is a domestic company and Signet is based in the United Kingdom. The two companies are top competitors and vie for the same customers and investors. To asses the best company in which to invest‚ our group has taken
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Hurd‚ and James [Hallstead]‚ inherited the Hallstead family jewelry business that has been in operation for the past 83 years. Hallstead Jewelers‚ located in the largest city of the tri-state region‚ has an established reputation for quality and selection and has grown into one of the largest jewelers in the United States. Nonetheless‚ since 1999‚ Hallstead Jewelers’ profits have been slipping and sales have stagnated. Two years ago it was decided to move the business a couple of blocks to keep
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Report for Hallstead Jewelers Hallstead Jewelers is a jewelry merchandiser‚ which sells range from fine jewelry‚ gems to tabletop gifts. It has been established for 83 years and once has become one of the largest jewelry retailers in the past. With the changing of retail jewelry industry‚ it has appeared two competitive competitors: Tiffany & company‚ which was the largest diamond seller in the US and be known as their “blue box”‚ and Blue Nile‚ which found online and was the second diamond
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COMPANY OVERVIEW Hallstead Jewelers has been one of the premiere jewelers in the United States for 83 years. Located in the largest city in the tri-state area‚ the company has remained a family business since its inception. Up until 1999‚ the company had operated in the same location without the need to expand or relocate due to its superb reputation and loyal customer base. However‚ Hallstead Jewelers reached a point during that year when profits began to decrease and sales became stagnant. After
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Case #1 Hallstead Jewelers Answers 1. We see an increase in the break-even point‚ both in dollars and in sales tickets‚ from year 2003 to 2006. This increase is not as dramatic between the years 2003 and 2004 as it is between 2004 and 2006. The increase in break-even point in sales tickets is 1615‚80 and 7623‚90 respectively. The increase in the first year is due to the increase in fixed costs and also the decrease in sales. The increase between 2004-2006 is due to the dramatic increase
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