Zale Corp. in the last three months ended April 30, 2008 has undertaken a stock clearance, amounting to $ 55 million of inventory liquidated in the three months. This strategy, the retailer believes will help in understanding its product portfolio to differentiate between the grades of good, better, best value proposition. %% The clearance has positively reflected on Zale’s revenue register, which accounted a 6.3 percent increase, valuing at $477 million. Comparable store sales, or sales at stores open at least a year, increased by 5.8 percent. %% Year-to-date revenues decreased by 2.4 percent to $1.68 billion, and year-to-date comparable store sales decreased 2.3 percent. Zale is aiming to permanently reduce its inventory by $100 million plus.