Zale Closes 105 Stores

Zale Corp. is closing 105 underperforming stores and eliminating 245 positions. Most of those positions were in its home office; 70 were open. The changes accompanied financial results that showed Zale's fourth quarter same-stores sales down some 18 percent. In a conference call, CEO Neal Goldberg said Christmas sales were hurt by a holiday strategy that stressed "storewide discounts." He says the chain's marketing will now emphasize "emotion" and "item-specific promotions."

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).


Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out