A federal judge in Ohio refused to block Zale Corp. from using an advertising campaign that touts the superior brightness of its diamonds, over the objections of a rival jewelry chain. Sterling Jewelers Inc., a unit of Signet Jewelers, filed a lawsuit in November accusing Zale of false advertising in claiming that its Celebration Fire stones are the "most brilliant diamonds in the world." Sterling, based in Akron, Ohio, said its tests found that its own diamonds are as glittery as those sold at Zale's. ...
More Suggested Content:
Zales Web Sales Soar with Ship-to-Store at 25%
September 4, 2012
From RIS News
Omni-channel strategies are paying off for Zales with a 40% gain in online sales over the past two years. More importantly, the jewelry retailer's recently launched ship-to-store capability has "exceeded expectations," according to the company's CEO, and...
Coldwater Creek announces new financing with Golden Gate Capital
July 9, 2012
From Chain Store Age
Sandpoint, Idaho -- Private equity firm Golden Gate Capital has provided Coldwater Creek with a five-year, $65 million senior secured term loan. The retailer also announced the completion of an amendment to its $70 million revolving credit facility with Wells Fargo Capital Finance, which matures on May 16, 2016. “We are pleased to announce this strategic investment and partnership with Golden Gate Capital, which is a strong endorsement of our brand and turnaround strategy, and provides us with further financial flexibility to complete our near term business objectives and accelerate our growth plans,” said Dennis Pence, chairman and CEO