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Revision as of 03:11, 9 December 2006
, 03:11, 9 December 2006Creating Zale Corporation page, which was originally authored by Gregory Kohs. This is not GFDL content modified from Wikipedia!
{{Infobox_Company |
company_logo = [[Image:Zale_logo.png|134px]] |
company_name = Zale Corporation |
company_type = [[Public company|Public]] ([[NYSE]]: [http://www.nyse.com/about/listed/lcddata.html?ticker=ZLC ZLC])|
company_slogan = Zales: The Diamond Store|
foundation = [[1924]] ([[Wichita Falls, Texas]])|
industry = [[Retailing]]|
location = [[Irving, Texas]]|
key_people = Betsy Burton, President & CEO<br/>George Mihalko, CFO |
revenue = {{gain}}$2.4 billion [[United States dollar|USD]] ([[2006]])|
operating_income = {{loss}}$90.7 million [[United States dollar|USD]] ([[2006]])|
net_income = {{loss}}$54.5 million [[United States dollar|USD]] ([[2006]])|
num_employees = 16,300|
homepage = [http://www.zalecorp.com/ www.zalecorp.com]|
}}
'''Zale Corporation''' ({{NYSE|ZLC}}) is the largest specialty [[retailer]] of fine [[jewelry]] in [[North America]], operating over 2,300 retail locations (which includes both kiosks and stores) throughout the [[United States]], [[Canada]], and [[Puerto Rico]].<ref>{{cite web| url=http://www.zalecorp.com/company/company2.aspx| title=Zale Corporation: Our History| author=Zale Corporation| publisher=corporate homepage| accessdate=2006-09-17| year=2005}}</ref> Zale Corporation is comprised of several diffenent business units: Zales Jewelers, Zales Outlet, Gordon's Jewelers, Bailey Banks & Biddle, Peoples Jewellers (in Canada), Mappins Jewellers (in Canada), Piercing Pagoda (a kiosk chain, focusing on gold chains, charms, and bracelets), and Internet-based enterprises, Zales.com and Baileybanksandbiddle.com.
==History==
The company began in [[1924]] in [[Wichita Falls, Texas|Wichita Falls]], [[Texas]], when Morris (M.B.) Zale, William Zale, and Ben Lipshy opened the first Zales Jewelers store.<ref>{{cite web| url=http://www.zalecorp.com/company/company2.aspx| title=Zale Corporation: Our History| author=Zale Corporation| publisher=corporate homepage| accessdate=2006-09-17| year=2005}}</ref> At the time, [[credit]] plans were not common, so their concept of offering one was fairly revolutionary, marketed under the slogan, "a penny down and a dollar a week." By the beginning of [[World War II]], the company had expanded to a dozen stores throughout Texas and [[Oklahoma]].
During the lean war years, Zales maintained its prices and looked for expansion opportunities. In 1944, Corrigan's of [[Houston, Texas|Houston]] was acquired, a finer jewelry purchase that eventually launched the Bailey Banks & Biddle brand.
The year [[1957]] was marked both by Zales' first entry into a shopping center (rather than stand-alone downtown locations), and the company's listing on the [[American Stock Exchange]].
In [[1984]], the company was bought out by a Canadian and [[Austria|Austrian]] consortium, and in [[1989]], the entity bought Gordon's Jewelers.
==Legal Actions==
In [[August 2006]], a legal [[class action]] complaint was brought against Zale Corporation, on behalf of common stock purchasers between early 2005 and [[May 2006]]. The complaint charges Zale and certain of its officers and directors with violations of the [[Securities Exchange Act of 1934]], specifically for omitting or misrepresenting material adverse facts about the company's financial prospects. <ref>{{cite web| url=http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060823005431&newsLang=en| title= Cohen, Milstein, Hausfeld & Toll, P.L.L.C. Announces Class Action Lawsuit Against Zale Corporation| author=Steven J. Toll| publisher=[[Business Wire]]| accessdate=2006-09-17| year=August 23, 2006}}</ref>
== Notes ==
<div class="references-small">
<references />
</div>
==External links==
* [http://www.zalecorp.com Zale Corporation]
* [http://www.zales.com/ Zales Jewelers]
* [http://www.gordonsjewelers.com/ Gordon's Jewelers]
* [http://www.baileybanksandbiddle.com/ Bailey Banks & Biddle]
* [http://www.pagoda.com/ Piercing Pagoda]
[[Category:Fortune 1000]]
[[Category:1924 establishments]]
[[Category:Companies based in Texas]]
company_logo = [[Image:Zale_logo.png|134px]] |
company_name = Zale Corporation |
company_type = [[Public company|Public]] ([[NYSE]]: [http://www.nyse.com/about/listed/lcddata.html?ticker=ZLC ZLC])|
company_slogan = Zales: The Diamond Store|
foundation = [[1924]] ([[Wichita Falls, Texas]])|
industry = [[Retailing]]|
location = [[Irving, Texas]]|
key_people = Betsy Burton, President & CEO<br/>George Mihalko, CFO |
revenue = {{gain}}$2.4 billion [[United States dollar|USD]] ([[2006]])|
operating_income = {{loss}}$90.7 million [[United States dollar|USD]] ([[2006]])|
net_income = {{loss}}$54.5 million [[United States dollar|USD]] ([[2006]])|
num_employees = 16,300|
homepage = [http://www.zalecorp.com/ www.zalecorp.com]|
}}
'''Zale Corporation''' ({{NYSE|ZLC}}) is the largest specialty [[retailer]] of fine [[jewelry]] in [[North America]], operating over 2,300 retail locations (which includes both kiosks and stores) throughout the [[United States]], [[Canada]], and [[Puerto Rico]].<ref>{{cite web| url=http://www.zalecorp.com/company/company2.aspx| title=Zale Corporation: Our History| author=Zale Corporation| publisher=corporate homepage| accessdate=2006-09-17| year=2005}}</ref> Zale Corporation is comprised of several diffenent business units: Zales Jewelers, Zales Outlet, Gordon's Jewelers, Bailey Banks & Biddle, Peoples Jewellers (in Canada), Mappins Jewellers (in Canada), Piercing Pagoda (a kiosk chain, focusing on gold chains, charms, and bracelets), and Internet-based enterprises, Zales.com and Baileybanksandbiddle.com.
==History==
The company began in [[1924]] in [[Wichita Falls, Texas|Wichita Falls]], [[Texas]], when Morris (M.B.) Zale, William Zale, and Ben Lipshy opened the first Zales Jewelers store.<ref>{{cite web| url=http://www.zalecorp.com/company/company2.aspx| title=Zale Corporation: Our History| author=Zale Corporation| publisher=corporate homepage| accessdate=2006-09-17| year=2005}}</ref> At the time, [[credit]] plans were not common, so their concept of offering one was fairly revolutionary, marketed under the slogan, "a penny down and a dollar a week." By the beginning of [[World War II]], the company had expanded to a dozen stores throughout Texas and [[Oklahoma]].
During the lean war years, Zales maintained its prices and looked for expansion opportunities. In 1944, Corrigan's of [[Houston, Texas|Houston]] was acquired, a finer jewelry purchase that eventually launched the Bailey Banks & Biddle brand.
The year [[1957]] was marked both by Zales' first entry into a shopping center (rather than stand-alone downtown locations), and the company's listing on the [[American Stock Exchange]].
In [[1984]], the company was bought out by a Canadian and [[Austria|Austrian]] consortium, and in [[1989]], the entity bought Gordon's Jewelers.
==Legal Actions==
In [[August 2006]], a legal [[class action]] complaint was brought against Zale Corporation, on behalf of common stock purchasers between early 2005 and [[May 2006]]. The complaint charges Zale and certain of its officers and directors with violations of the [[Securities Exchange Act of 1934]], specifically for omitting or misrepresenting material adverse facts about the company's financial prospects. <ref>{{cite web| url=http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060823005431&newsLang=en| title= Cohen, Milstein, Hausfeld & Toll, P.L.L.C. Announces Class Action Lawsuit Against Zale Corporation| author=Steven J. Toll| publisher=[[Business Wire]]| accessdate=2006-09-17| year=August 23, 2006}}</ref>
== Notes ==
<div class="references-small">
<references />
</div>
==External links==
* [http://www.zalecorp.com Zale Corporation]
* [http://www.zales.com/ Zales Jewelers]
* [http://www.gordonsjewelers.com/ Gordon's Jewelers]
* [http://www.baileybanksandbiddle.com/ Bailey Banks & Biddle]
* [http://www.pagoda.com/ Piercing Pagoda]
[[Category:Fortune 1000]]
[[Category:1924 establishments]]
[[Category:Companies based in Texas]]
