Jewelry retailer Zale Corp. announced in Feb. that it would close 105 stores and cut 20 percent of its headquarters staff. It said the actions will save $65 million a year as it tries to move out of a multiyear sales slump. 

Zale has struggled through weak holiday seasons, a constant flux in strategy and several changes in leadership in recent years. The weakening economy is hurting all jewelry retailers as customers cut back on luxuries.

This entry was posted on Thursday, April 3rd, 2008 at 11:28 am and is filed under Zales. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.