2/29/2008

Jewelry chain Zale Corp. has announced plans to trim 20% of its headquarters staff and close 23 additional stores as part of a restructuring effort designed to offset the slowing economy. The strategy "builds upon steps we have already taken to reduce redundancies, simplify processes and create a more agile company, such as the realignment of our merchandise and sourcing organizations," President and CEO Neal Goldberg said.

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