GLG News Analyses of the following article:

WRAPUP 1-Jewelers Zale, Finlay, Signet cut forecasts

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Published at: www.reuters.com

Nicholas White, President

Nicholas WhitePresidentRetail Horizons, Inc What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Zale's Dismal Results Likely to Continue Despite New CEO

January 11, 2008

Investors should be skeptical that Zale's new CEO will be successful as the board micro manages the business.

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