Newswire

NRF: Luxury Sector Will Thrive The National Retail Federation says the luxury sector will "thrive" this year because high-income families are less affected by current economic problems like slow income growth and higher energy prices. The weak dollar is also spurring luxury purchases by tourists. But discounters will continue to be challenged as their core consumers are most affected by higher energy costs and slow income growth. Zale Corp. Appoints New Presidents Paul G. Leonard has been named president of Zales Jewelers. He will report to Mary L. Forte, president and CEO of parent company Zale Corp. Leonard joins Zales Jewelers from the company's Piercing Pagoda brand, where he has been president since January 2002. To replace Leonard, Gil Hollander has been promoted to president of Piercing Pagoda. He was previously vice president of merchandising for the chain. Leighton Ple
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