Chain Store Age
The owner of Kay Jewelers, Zales and Jared and other jewelry chains reported earnings and sales that blew past analysts’ estimates amid double-digit online growth and strong sales at most of its banners.
Same-store sales rose 1.7%. Analysts had expected a decline of 4.5%. Same-store sales rose 7.1% at Zales, 11.5% at Piercing Pagoda, and 1.2% at Jared. Same-store sales fell 2.1% at Kay. . . . more