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Location of the original Zales store in Wichita Falls, Texas
|Founded||1924 (Wichita Falls, Texas)|
Number of locations
Zales and Gordon’s: 781|
Zales Outlet: 130
Peoples and Mappins: 206
Piercing Pagoda: 652
Terry Burman (Chairman)|
Theo Killion (CEO)
Matthew Appel (CAO)
|Revenue||US$1.888 billion (2013) |
|$35.12 million (2013)|
|$10.01 million (2013)|
|Total assets||$1.187 billion (2013) |
Number of employees
|12,500 (July 2012)|
Signet Jewelers |
JB Robinson Jewelers
Marks & Morgan Jewelers
The company began in 1924 in Wichita Falls, Texas, when Morris (M. B.) Zale, William Zale, and Ben Lipshy opened the first Zales Jewelers store. As 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 success of this credit policy led to the company expanding to a total of 12 stores in Oklahoma and Texas by 1941. Zales Jewelers moved its headquarters from Wichita Falls to Dallas in 1946. In 1998, online shopping was opened at www.zales.com.
In 1957, Zales Jewelers opened its first store in a shopping center—a major shift from operating only in downtown locations. 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 1989, Zale acquired Gordon Jewelry. Zales bought the Skillern Drug pharmacy chain in the 1960s, but sold it in 1980.
In 1986, People’s Jewelers bought Zales.
In 1999 and 2000, Zale expanded with two major acquisitions: Peoples Jewellers of Canada and Piercing Pagoda.
In 2007, the Company divested its Bailey Banks and Biddle brand to Finlay.
- Zale Corporation 2012 Annual Report
- "Contact Zale Corporation." Zale Corporation. Retrieved on November 17, 2012. "EXECUTIVE OFFICES 901 W. Walnut Hill Lane Irving, TX 75038-1003"
- Times, Nina Andrews, Special To The New York (1989-05-25). "COMPANY NEWS; Zale to Acquire Gordon Jewelry". The New York Times. ISSN 0362-4331. Retrieved 2015-09-06.
- Zale Corporation (2005). "Zale Corporation: Our History". Corporate homepage. Retrieved 2006-09-17.
- Karr, Arnold J. (19 February 2014). "Signet to Buy Zale". WWD. Retrieved 19 February 2014.