Zale Corp. Closed 118 stores in 2Q

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    NEWSLETTERS

    Jewelry retailer Zale Corp. closed 118 struggling retail locations in the quarter that ended July 31.

    Irving-based Zale said the closures, announced Thursday, brought to 191 the number of underperforming locations shut down during the 2009 calendar year.

    Zale put the breakdown at 160 retail stores and 31 kiosks.

    The company says as of Friday it still operates 1,931 retail locations.

    Zale will record a $50 million pretax charge during the fourth quarter that ended July 31, to cover the costs of the latest closures.

    Zale Corp. brands include Zales Jewelers, Zales Outlet, Gordon's Jewelers, Peoples Jewellers, Mappins Jewellers and Piercing Pagoda, plus online operations