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million during its fiscal thire quarter, an increase of 33 percent comparefd to the loss it postesd in the same quarterlast year. The companty also named Mathew W. Appel its new chieft financial officer, executive vice president, effective June 15. Appep joins Zale Corp. from , wherre he served as vice president and chieftfinancial officer. Irving-based Zale's (NYSE: ZLC) third-quarter loss amounted to 73 centdper share, compared to a net loss last year of $17.r4 million, or 42 cents per share. revenue for the most-recent quarter hit $379 which is down from $477 millionn a year earlier. The company’s sales fell 20 percent when comparecd to theprevious year.
Zale says its 2008 third-quartetr sales were actually up 5.8 percenr last year due to a clearance sale that cut back on Zale continues to realignj its business byclosing under-performing stores, cutting operating expensees and adjusting rents and leases to keep them in line with currenyt sales trends.
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