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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) New Loan-A Bridge to Where?

May 18, 2010

With a Shiny New Financing Deal, Can Zale Regain Its Luster? | www.dailyfinance.com

Zale's new loan may not be the bridge to success hoped for. 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(ZLC) Attracts Bears, But No Cash!

May 4, 2010

Zale Corp Attracts Bears…Again | www.benzinga.com

Time is running out for Zale Corporation as debt holders and prospective investors try to cut a deal. Still, what ever the deal, cash alone may not make the difference between success and failure. 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.

Is the Zale (ZLC) Deal Uncertain as Ever?

April 8, 2010

Zale Stake Finalists Said to Include TPG, Golden Gate (Update2) | www.businessweek.com

Despite optimistic press leaks, Zale still doesn't have a deal and time is running out. Whether Zale can make a deal remains as uncertain as ever, but the real question is should it? 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.

Zale's (ZLC) Upside Thin as Board Eyes New Deal-Revised

March 25, 2010

Time is running out for Zale as its board continues to look for new money to keep the business out of Chapter 11. But afloat for what. 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.

Zale's (ZLC) Upside Thin as Board Eyes New Deal

March 23, 2010

Zale Corporation Shares Up On Report Of Talks With Sun Capital Partners Inc.-Reuters | www.reuters.com

Time is running out for Zale as its board continues to look for new money to keep the business out of Chapter 11. But afloat for what. 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.

Zale’s (ZLC) Days Numbered?

March 10, 2010

Major Zale investor has dumped most shares | www.reuters.com

Zale's second largest shareholder dumps the majority of its Zale holding, suggesting there may not be a deal to be made to recapitalize the company. Here is 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.

Zale Corporation (ZLC)-Will Breeden Capital Management be the Big Winner?

February 26, 2010

Zale (ZLC) NewsBite - ZLC Earnings Top Forecasts | www.marketintelligencecenter.com

As a bevy of eager buyers look to invest in Zale or buy its divisions, Breeden Capital Management stands to be the big loser if you believe Richard Breeden will just write off $200 million and go away. On the other hand, all tis activity could be nothing more than smoke and mirrors to provide a foundation for buying absolute control of Zale and taking it private. Here is 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.

Zale's Board Finally Face Hard Choices, But Are They Too Late?

February 24, 2010

Apollo Seeks Stake in Zale | online.wsj.com

Zale waited until the last minute to begin to restructure the company. Now with Christmas 2010 planning and buying fast approaching deadlines, the company is already behind the planning and execution curve form FY 2010. Here is 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.

Zale's (ZLC) End Game

February 10, 2010

Zale Corporation Retains Peter J. Solomon Company | www.businesswire.com

Zale crossed a line when it hired P.J. Solomon. What ever the out come the company as the market and the industry has know it will never be the same again. 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.

Did Zale (ZLC) Board Fumble Again?

February 5, 2010

Struggling Zale Looks to Suppliers for Cash | online.wsj.com

Zale approach to suppliers was unsophisticated and showed a complete lack of understanding of the industry. Here's more.

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