GLG News Analyses of the following article:

Zale Makes Sweeping Executive Changes

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Published at: www.jckonline.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.

Short Sellers Only Beneficaries of Zale's Management Changes!

August 7, 2008

With about 46% of Zale's stock float sold short, short sellers will be the only beneficiaries of Goldberg's "sweeping' management changes.  Here is why.

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