FINANCE

Zale’s holiday same-store sales up 8.5%

BY CSA STAFF

Dallas — Zale Corp.’s same-store sales rose 8.5% during the November-December selling period. This figure is a key indicator of a retailer’s health because it gauges results at existing stores instead of newly opened ones.

Zale is refocusing its merchandise on diamonds and stepping up training of its workers, said CEO Theo Killion in a Bloomberg report. The company increased the number of salespeople certified by the Diamond Council of America to 2,000, from 800 last year, and plans to add more, he said.

Killion was appointed CEO in September after serving on an interim basis since January 2010.

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FINANCE

Report: Kmart testing financial centers

BY CSA STAFF

New York City — Twenty-three Kmart stores in Illinois and three other markets are testing financial centers where shoppers can cash checks, pay bills, place money orders and transfer money, according to Chicago Breaking Business.

A Kmart spokeperson declined to comment on whether a bigger roll out is planned, or what the retailer has learned so far from its test, the report said.

Seven of the Kmart stores are in Illinois, 10 are in Los Angeles, five are in Puerto Rico and one is in Wisconsin.

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FINANCE

Court dismisses ADA claim against Pier I

BY CSA STAFF

New York City — A federal appellate court in California has dismissed a lawsuit filed against Pier I by a disabled patron who claims he was unable to navigate the company’s store in Vacaville, Calif., because of architectural features that inhibited his movement, according to Dallas Business Journal.

Bryon Chapman filed suit against Pier 1 Imports in July 2004, claiming he came across interior design barriers during a visit that impeded his access. But the Ninth Circuit Court of Appeals dismissed the claim under the Americans with Disabilities Act on Friday, saying Chapman lacked standing in the case since “he has not alleged or proven that he personally suffered discrimination as defined by the ADA as to encountered barriers (at Pier 1) on account of his disability,” court records say.

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