2009.03.18
Local impact of Zale's closings is unknown
Jewelry retailer, Zale Corp., said late last month that it will close 115 underperforming stores across the country as the retailer's leases expire. But don't expect to find out from the company whether this will include the Roanoke or Christiansburg Zales locations.
A Zale spokeswoman told me today that the jewelry chain will not publish a list of the stores set to close. These closings will happen through July 2010.
There is some promising news. Zale doesn't plan to shut down all of its stores in one geographic market. It's not clear if Zale considers Roanoke and Christiansburg as one market.
Below is a statement from Zale's vice president and treasurer, David Sternblitz.
"The store closings are part of the Company's focus on return on capital. We are reviewing on a store-by-store basis and are not exiting any geographic markets."
You can read more about the Zale closings here.






