Zale expects to return to profit in 2013

Zale Corp on Wednesday forecast its first annual profit in years on expectations that the momentum of its sales, strong in the fourth quarter, especially at its namesake chain, will continue. Photo: ZaleThe retailer, which caters to middle-class shoppers looking for affordable jewelry, reported a narrower loss for the fiscal fourth quarter, ended July 31, and its shares rose 3.4 percent in premarket trading. The company has not had a profitable year since fiscal 2008, just before the financial

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