In 2007, the company divested its Bailey Banks & Biddle brand to Finlay Enterprises. In 19, Zale expanded with two major acquisitions: Peoples Jewellers of Canada and Piercing Pagoda. On January 1, 1992, Zale filed for Chapter 11 bankruptcy. Until 1986, Zales operated a catalog showroom called O. Zales bought the Skillern Drug pharmacy chain in the 1960s, but sold it in 1980. In 1989, Zale acquired Gordon's Jewelers, which had been a major competitor. The same year, Zales announced the initial public offering of its stock (ZLC) and began trading its public shares on the American Stock Exchange in 1958. In 1957, Zales Jewelers opened its first store in a shopping center-a major shift from operating only in downtown locations. In 1998, online shopping was opened at Corporate restructuring Zales Jewelers moved its headquarters from Wichita Falls to Dallas in 1946. The success of this credit policy led to the company expanding to a total of 12 stores in Oklahoma and Texas by 1941. B.) Zale and William Zale (born Zalefsky), along with Ben Lipshy opened the first Zales Jewelers store (now a division in the multi-division company).Īs a marketing strategy, the Zale brothers instituted a credit plan whereby customers could pay "a penny down and a dollar a week," making jewelry and other merchandise affordable for the average working American. The company began in 1924 in Wichita Falls, Texas, when the two Russian-Jewish immigrant brothers Morris (M. The principal executive offices are located in Coppell, Texas. The Zale Corporation is an American jewelry retailer, incorporated in Delaware in 1993. In addition to more than 700 stores, you can now buy Zales jewelry also through their websites.įacebook page: Official Zales page: Zales store on the second floor of the Lehigh Valley Mall in Whitehall Township, Pennsylvania, October 2020 However, diamonds are not the only thing to which Zales focuses - its offer includes gold, cultured pearls and extensive wedding jewelry selection. In its offer you can find a wide variety of classic and contemporary styles and not only because this Zales is popular among thousands of people – its popularity is even so big that no other jeweler in North America sell as many diamonds as Zales. And Zales certainly isn´t just jewelry retailer, the brand even itself designs its own jewelry. Zales main goal was and still is to offer customers a wide range of choices for mainstream jewelry. Although Zales started as a brand selling jewelry alongside appliances and cameras, over time it grew into an international jewelry corporation and currently it is the largest fine jeweler in retail shopping mall across North America. In 1941, Zales owned 12 stores not only in Texas but also in Oklahoma. Not only because this they became successful, also friendly service and dedicated employees were the reasons why customers returned back to Zales. With this in mind, they opened their first Zales store, within which they held the idea "a penny down and a dollar a week" and thanks this they could offer higher priced products to everyone. The aim of the founders (Morris Zale, William Zale and Ben Lipshy) was to provide customers first class merchandise, but also for maximum favorable price. Almost a hundred years of history is written by Zales company, which was founded in Wichita Falls, Texas.
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