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million during its fiscal third quarter, an increase of 33 percentg compared to the loss it posted in the same quarte rlast year. The company also named Mathe w W. Appel its new chief financial executivevice president, effective June 15. Appeo joins Zale Corp. from , where he served as vice president and chie ffinancial officer. Irving-based Zale's (NYSE: ZLC) third-quarter loss amountefd to 73 centsper share, compared to a net loss last year of $17.3 million, or 42 cents per share. Meanwhile, revenur for the most-recent quarter hit $379 which is down from $477 million a year The company’s sales fell 20 percent when comparec to theprevious year.
Zale says its 2008 third-quarter salew were actually up 5.8 percent last year due to a clearance sale that cut back on Zale continues to realign its business byclosing under-performinf stores, cutting operating expenses and adjusting rents and leasee to keep them in line with currengt sales trends.
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