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Zales Closing More Jewelry Stores to Total 105 in 2008

Reducing Headquarters Staff by 20% in Cost Cutting Initiative
By Sasha M Pardy
February 29, 2008 | 9:45 P.M.

By the end of this year, Dallas-based Zale Corporation (NYSE: ZLC) will have closed 50 kiosks and 55 full-size retail stores, leaving it with 2,145 retail locations in the U.S., Canada and Puerto Rico. The majority of the stores are underperforming and Zale said it is further minimizing impact by closing most of the stores when leases naturally expire.

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