Zale gets payment extension from Citibank
Irving, Texas Zale Corp. is getting a 30-day payment extension from lender Citibank, the company said in a securities filing on Tuesday.
Earlier this year, Citibank informed Zale of the potential of their agreement being terminated unless Zale managed to make a $6 million payment on or before April 1.
Zale said in a securities filing this week that the company has been given an extension to make the payment by April 30.
Zale closed a turbulent second quarter of fiscal year 2010 by posting a surprising profit. The profit came on the heels of the corporation firing its CEO and two other key executive managers, citing the company’s lack of success in meeting its performance goals.
Churchill China introduces Jamie Oliver collection
NEW YORK Churchill China unveiled a new tabletop line from celebrity chef Jamie Oliver at the International Home and Housewares show last week, according to reports.
The collection features dinnerware designed for easy use by the home cook, reports indicate. Items in the collection are reported to be multi-functional, easy to store and durable.
Easter costs (a little) more this year
Target’s Easter circular this year featured virtually all of the same categories and weighed in at 36 pages, but prices were increased in select areas including bags of Easter candy featured on the cover at $2.69 versus $1.99 last year. Candy may cost more, but the price of small bamboo baskets (75 cents), Easter grass (25 cents), 12-count unfilled plastic eggs (65 cents) and Peeps ($1.49) stayed the same.
Price increases were evident on asparagus, $1.99 versus $1.49 last year, Sutton Dodge bone-in roast, $6.99 versus $5.99 last year, Market Pantry frozen turkey at 99 cents versus 78 cents last year and Campbell’s cream of mushroom soup at 75 cents compared to 66 cents.
Prices on other directly comparable advertised food items that were featured both years remained constant and included strawberries ($1.99), Philadelphia Cream Cheese (99 cents), Archer Farms bread ($2.99) and a complete Easter feast ($59.99). Prices declined in a few cases, including whole pineapple at $2.50 this year versus $2.99 last year and Kraft jet-puffed marshmallows at 96 cents this year versus 99 cents last year.