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New York--Tiffany & Co. and Zale Corp. recorded the highest margins of any of the companies classified as Specialty Stores by the Global Industry Standard Classification (GICS), Financial News Network Online (FNNO) reported last week.

Tiffany & Co. reported last Thursday that its gross margin for the third quarter and year-to-date were 58 percent while Zale’s gross margin for its fiscal first quarter ended Oct. 31 was 54 percent.

FNNO, a provider of digital financial news content for distribution online that utilizes Wall Street professionals, reporters, analysts and executives, said that the Specialty Store with the third-highest gross margin was Sally Beauty Holdings at 49 percent.

A collaboration between Standard & Poor’s and Morgan Stanley Capital International, the GICS is an eight-digit classification system that identifies companies according to their business activity.