GLG News by Extended Service Warranty Experts

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.

Has Management Lost Creditability at Zale (ZLC)?

January 5, 2009

Zale, Quest Energy Partners: Biggest Price Gainers (ZLC, QELP) | online.wsj.com

After a year of superficial changes and a cosmetic make over, Zale is in more jeopardy than ever.  Here's more...

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.

Retailing 2009-The Second Year In Recession.

January 2, 2009

Retailers' holiday sales drop at least 5.5 percent | www.msnbc.msn.com

Businesses in 2009 will be faced with an enigmatic array of state and local schemes to stimulate economic growth.  Unfortunately, most won’t work and those that do will take time measured in years, not days, weeks, or months.  Here’s why 2009 is likely to be much worse as the recession takes hold.    

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.

Finlay Bankruptcy Could Yield Low Recovery For Creditors

December 19, 2008

U.S. jeweler Finlay cautions on liquidity position | www.reuters.com

As Finlay cautions the market that it will likely default on its debt, creditors should brace for one of the most unusual and costly bankruptcies in recent times.  Here's why.

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 (ZLC) Troubles Increase

December 18, 2008

U.S. jeweler Finlay cautions on liquidity position | uk.reuters.com

Zale guaranteed about $80 million in future lease expenses to complete the sales of Bailey Banks and Biddle to Finlay a year ago.  Now that Finlay looks like it will default, Zale will be on the hook for those lease payments. This problem is just another in a series of strategic mistakes and miscalculations that has weakened the company over the last 18 months.          

Joseph SmithPresident and CEODefault Mitigation Management 
          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.

Will only owrk if they do something with the mortgages!

December 12, 2008

RBS Promises Borrowers Six-Month Respite Before Foreclosing on Mortgages | www.bloomberg.com

1. Only works if the loans are re-performed. 2. Can be a rat in the snake waiting to pass. 3. Can make the situation worse with failure to reperform 4. There are good and bad modifications

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.

2008: Just the End of the Beginning For US Retailers!

December 5, 2008

Retailers see sales drop in dreary November | www.businessweek.com

As bad as this years holiday sales could be for US retailers, 2009 could be a lot worse.  Here is why.

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.

Has Finlay's(FNLY) Restructuring Only Delayed the Inevitable?

December 5, 2008

S&P Downgrades Finlay Enterprises To 'SD' | www.jckonline.com

Finlay's prepackaged restructuring means bond holders may recover even less when the company is near default again.  Here is why. 

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.

Is Zale (ZLC) the Next Penny Stock?

December 4, 2008

Zale Corporation (NYSE: ZLC) reports increased losses | www.hotstocked.com

Traders have already started discounting Zale stock for earnings risk, but that may just be the beginning.  Here is why the stock may be riskier than speculators think.

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 Disappoints Again, Again, and Again!

November 27, 2008

Zale Corporation Says Does Not Believe That Previously Issued Earnings Outlook Should Be Relied Upon | www.reuters.com

Zale's top-line sales problems continue to be greater than the effects of a recessionary economy.  Here's why.

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.

Luxury Names Trade Brand Value for Cashflow

November 19, 2008

In Rare Move, Luxury-Goods Makers Trim Their Prices in U.S. | online.wsj.com

Discounting and over distribution could spell the end to many luxury and aspirational brands.  Here's why.

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