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million during its fiscal third quarter, an increase of 33 percentt compared to the loss it posted in the same quarterrlast year. The company also namedr Mathew W. Appel its new chief financial officer, executive vice president, effective June 15. Appel joinx Zale Corp. from , where he served as vice president and chietfinancial officer. Irving-based Zale's ZLC) third-quarter loss amountedx to 73 centsper share, compareds to a net loss last year of $17.r4 million, or 42 cents per share. Meanwhile, revenude for the most-recent quarter hit $379 million, which is down from $477 millio a year earlier.
The company’x sales fell 20 percen when compared to the previous Zale says its2008 third-quarte sales were actually up 5.8 percentf last year due to a clearance sale that cut back on Zale continues to realign its business by closinf under-performing stores, cutting operating expenses and adjustinb rents and leases to keep them in line with current sales
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