To: Jim McMannis who wrote (25575 ) 1/7/1999 11:09:00 AM From: long-gone Respond to of 116819
And the # 1 use of gold is: TIF 58 9/16 +1 3/4 delayed 20 mins - disclaimerThursday January 7, 8:02 am Eastern Time Tiffany Dec. same-store up, sees record 98 NEW YORK, Jan 7 (Reuters) - Jeweler and luxury retailer Tiffany & Co. on Thursday reported a 12 percent rise in December same-store sales and a 20 percent rise in net sales and said it was on track for a record year in 1998. In a statement, the New York company said it saw solid December same-store sales increases in most U.S. branch stores and in its New York flagship store on Manhattan's Fifth Avenue. Comparable store sales for the Asia-Pacific region outside Japan rose modestly, and healthy growth was achieved in Europe and Canada. ''Tiffany is on track to make 1998 another record year with excellent sales and earnings growth,'' William Chaney, the company's chairman said in the release. ----- Related Quotes ZLC 32 -1/8 delayed 20 mins - disclaimerThursday January 7, 7:00 am Eastern Time Company Press Release Zale Corporation Announces 7.9% Comparable Store Sales Increase for the Holiday Selling Season DALLAS--(BUSINESS WIRE)--Jan. 7, 1999--Zale Corporation (NYSE:ZLC - news), the nation's largest specialty retailer of fine jewelry, today reported that comparable store sales increased 7.9% for the combined months of November and December 1998, encompassing the entire holiday selling season. Total sales for the period were $505 million compared to last year's sales of $461 million. Excluding sales from the Company's divested leased division, total sales increased 11.0 %. ''We are very pleased with our holiday sales results as our team did a superb job executing the plan,'' commented Robert J. DiNicola, Chairman and Chief Executive Officer. ''Our customers responded very positively to our merchandise, marketing and storewide efforts across all businesses.'' Zale Corporation operates approximately 1,150 specialty retail jewelry stores located throughout the United States and Puerto Rico, including Zales Jewelers, Zales the Diamond Store Outlet, Gordon's Jewelers and Bailey Banks & Biddle Fine Jewelers, and offers online shopping at www.zales.com. This release includes certain forward-looking information that is based upon management's beliefs as well as on assumptions made by and data currently available to management. This information which has been, or in the future may be, included in reliance on the ''safe harbor'' provisions on the Private Securities Litigation Reform Act of 1995, is subject to a number of risks and uncertainties, including but not limited to the factors identified in the Company's 10-K and other documents filed with the Securities and Exchange Commission. Actual results may differ materially from those anticipated in such forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein may not be realized. The Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances. ------------------------------------------------------------------------ Contact: Zale Corporation Media: Mary Forte' Executive Vice President and Chief Administrative Officer 972/580-4810 or Investor: Cynthia T. Gordon Senior Director, Investor Relations 972/580-5047 ------------------------------------------------------------------------ More Quotes and News:Zale Corp (NYSE:ZLC - news)