Zales Facing Store Closures

Thursday, May 28, 2009  |  Updated 8:45 AM CDT
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Zales Facing Store Closures

AP

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A bad showing in the third quarter put Irving-based jeweler Zales on the fast track to close stores.

Zale Corporation said it will also try to negotiate lower rent as it deals with a larger than expected third-quarter loss.

Customers spent a little more money than in previous quarters, but there just weren't enough of them.

The jeweler reports a 20 percent decline in sales.

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