GLG News by Mr. Nicholas White, President
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Did Zale (ZLC) Board Fumble Again?
February 5, 2010
Struggling Zale Looks to Suppliers for Cash | online.wsj.com
Zale approach to suppliers was unsophisticated and showed a complete lack of understanding of the industry. Here's more.
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Is Michael Hiil (MHI) Zale's (ZLC) Best Hope?
February 2, 2010
Zale Next Retail Bankruptcy: Poll Predicts | www.thestreet.com
As Zale struggles to survive, other jewelry companies are looking to change the geography of jewelry retailing in North America. Michael Hill International could be Zale's last best hope. Here's more.
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Despite CEO's Departure, Has Anything Changed At Zale?
January 29, 2010
Where You Might Not Shop In 2010 | www.forbes.com
The board was quick enough to fire it latest CEO after dismal Christmas sales, but has anything really changed? Here is more.
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January 14, 2010
UPDATE 2-Zale CEO, others quit amid losses; shares slide | www.reuters.com
Zale's Borad of Directors took the first steps in resturcturing the company. the question is are the changes designed to help revitalize the company orfacilitate its eventual liquadation? Here's more.
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My View: A Snapshot of the Retail Jewelry Business
December 29, 2009
Retailers get a modest gift this holiday season | www.latimes.com
Comparable store Christmas sales for jewelers look disappointing at first glance. Here's why this years sales results may be a prelude to even more difficult times for jewelers in 2010 and further out into the decade.
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Price War!-Short Sellers Bet Zale (ZLN) Will Continue to Stumble.
December 16, 2009
Put Traders Pounce on Zale Corporation's (ZLC) Pullback | www.schaeffersresearch.com
Zale raises the stakes as it escalates discounts to make up for strategic shortfalls and poor tactics too. Here is more.
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Did Zale (ZLC) Get It REALLY Wrong This Time?
December 8, 2009
Zale shares tumble 21 percent on weak November sales | www.reuters.com
Zale management runs out of excuses as November sales decline 18.6% Here's more.
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Is Christmas Shaping Up to be a Disappointment for Retailers?
December 1, 2009
Holiday Retail Outlook: 'Very Good Signs' | seekingalpha.com
Lower average sales, cherry picking deals, and extraordinary online sales growth may mean lower profits and more store closures for retailers. Here's more.
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Charles & Colvard Still Searching For Direction
November 19, 2009
Charles & Colvard Appoints Randy N. McCullough as Chief Executive Officer and H. Marvin Beasley to Board of Directors | www.businesswire.com
Charles & Colvard searches for direction by hiring its third CEO in two years. Here's more.
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NRF Survey: Fewer Consumers Plan to Buy Jewelry This Holiday Sseason
November 18, 2009
NRF Holiday Survey: 18.4% Plan to Buy Jewelry | www.idexonline.com
Raw data from NRF 2009 retail Survey shows fewer consumers want jewelry this year and even fewer buyers intend to give jewelry as a gift. Here's more
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Does Escalating Gold Prices Mean Fine Jewelry is Underpriced?
November 13, 2009
How Rocketing Gold Prices Will Hit Holiday Shopping | www.smartmoney.com
Fine jewelry may represent some of the best luxury product values this Christmas season. Here's why.
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October Jewelry Sales- Estimates Conflict with Reported Results
November 6, 2009
U.S chain store sales up 2.1 percent in October | www.nationaljewelernetwork.com
Conflicting sales reports make forecasting fourth quarter sales even more difficult for jewelry retailers. But, volatile consumer spending patterns,large competitors promotional plans, and emerging macroeconomic forces may play a much bigger role in the final outcome than actual sales in August, September, or October. Here's more.
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Note To Jewelry Industry-Wait and See Isn’t a Viable Strategy
November 4, 2009
India buys 200 tonnes of IMF gold | www.telegraph.co.uk
Escalating gold prices threaten $60 billion jewelery industry. Here's more.
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Zale Loses One-Third of Investor’s New Worth-Revised
November 4, 2009
Zale FY09 Revenue -17%, Reports Loss of $190M Zale Corporation... | www.topix.com
Zale's $189.5 million lose marks a continuing of a turnaround that has never materialized. Here's why.
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Zale (ZLC) -Will History Repeat Itself?
October 24, 2009
Zale to Announce Fourth Quarter Fiscal 2009 Results | www.businesswire.com
Zale promises to finally announce year end results. Meanwhile the stock continues to increase in price,despite likely big losses. Here's why.
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Could Lawsuit Topple Signet's(SIG) US Brands?
September 22, 2009
Sterling suit moves toward class-action status | www.nationaljewelernetwork.com
Certification as a class action could have significant implications for Signet's investors. Here's more
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Zale-Management's Last Chance?
September 19, 2009
UPDATE 1-Zale to restate 2008, some 2009 results | cn.reuters.com
Zale says it will won't report FY 2009 numbers until October 29. Ninety days late and effectively six months since shareholders have seen any numbers for a company expected to lose millions. Obviously, Zale is betting good first quarter news will make everything alright. Maybe so, maybe not. But if management is wrong, look for more changes in the executive suite. Here's more.
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DeBeers Advertising-A Knotty Problem for the Diamond Industry
September 15, 2009
The Everlon Diamond Knot | www.jckonline.com
Debeers' new advertising campaign is as much an example of the chaos in the diamond industry as are the continued sales declines. Here's more.
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Lehman Bros Collapse-A Lesson Still Unlearned
September 15, 2009
Shifting Consumer Values | www.retail-merchandiser.com
Lehman Bros' collapse was an epic earthquake that nearly destroyed the U.S. financial system. A year later, there are still aftershocks and the remainder of our financial institutions isn’t really that different. Clearly, we haven't learned much from the event, especially when it comes to economics and policy-making. Here's more.
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Signet Out Performs, While Zale Stumbles
September 9, 2009
Zale Corporation Postpones Fourth Quarter Results | www.reuters.com
Signet out performs the market as Zale stumbles again. Here's more.
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