The Zale Corporation is a retailer of jewelry in North America. The Zale Corporation was incorporated in Delaware in 1993. The principal executive offices are located in Irving, Texas. The company began in 1924 in Graham, Texas, when Morris Zale, William Zale, and Ben Lipshy opened the first Zales Jewelers store. Zale used to operate leased fine jewellery departments known as Diamond Park Fine Jewelers, but sold off the chain to Finlay Enterprises in 1997. In the first quarter of fiscal year 2008 Zale Corporation sold the Bailey Banks & Biddle upscale jewelry chain to Finlay... Enterprises. In 2008, Zales closed 105 locations . In 2009, Zales announced an additional 191 store closings. Zales allegedly terminated Rose Camilleri, a successful sales representative, a week after she had requested time off to have surgery to treat a life-threatening aortic aneurysm. Camilleri has also claimed that Zales delayed her COBRA paperwork to the point where she had to reschedule her surgery.
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| NYSE symbol: | ZLC |
| Headquarters: | Irving, Texas |
| Annual revenue: | $1,779,740,000 |
| Net income: | $-189,500,000 |
| Operating income: | $-232,120,000 |
| Market cap: | $700,000,000 |
| Industries: | Retail |