Zale is a leading specialty retailer of fine jewelry, it operates over 2,200 retail locations throughout the United States, Canada, and Puerto Rico.
Zale also operates online at www.zales.com and www.gordonsjewelers.com
History
The first Zales Jewelers store opened in Wichita Falls, Texas, on March 29, 1924, by Morris (M.B.) and William Zale.
With a credit plan of "a penny down and a dollar a week," the Zale brothers launched a marketing strategy considered to be revolutionary at the time, and thus made jewelry and other merchandise affordable to the average working American. Friendly customer service, liberal credit policies, and dedicated employees led to great success and expansion.
The company's history was significantly altered with the 1986 leveraged buyout of Zale Corporation by Peoples Jewellers of Canada and Swarovski International of Austria. Expansion continued, however, with the purchase in 1989 of the Gordon's Jewelers chain of 469 stores.
The 1990s marked another critical turning point for the corporation when it filed for Chapter 11 bankruptcy protection in 1992. The following year, the company emerged from bankruptcy after restructuring its debt.
Expansion again became the primary growth strategy with two major acquisitions: Peoples Jewellers of Canada in 1999 and Piercing Pagoda, Inc. in 2000.
In 2007, Zale divested the Bailey Banks & Biddle brand to focus on the core business and increase returns on capital.
Official website of Zales Corp.: http://www.zalecorp.com/

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