Zale Initiates Operational Efficiency Program to Generate $65 Plus Million in Annual Savings
Published at: news.morningstar.com
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March 3, 2008
1. Zale Corporation plans to close 23 stores. 2. They are also reducing staff at its head quarters by 20 percent. 3. It implements a streamlining program to cut expenses by $65 million a year. 4.We can also say that its an impact of recession or weak market.
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Nicholas WhitePresidentRetail Horizons, Inc
Zale Shareholders Ignore Hedge Fund Failures
March 3, 2008
Zale cuts employees and operating expenses again for the 2nd time in as many quarters, but with top line sales declining, hedge fund tactics may once again fail to drive profitability at Americas second largest jewelry retailer.
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