Diamonds Are a Girl’s Best Friend (In a Good Economy)
Zales, a well-known jewelry retailer, announced the closure of 115 stores yesterday as part of a drastic expense reduction plan. The company contends that the store closures are those stores that have had consistently poor sales.
In addition to store closings, the company is also cutting capital spending by 65 percent and recently cut 245 jobs.
Diamonds are a girl’s best friend only when a guy can afford them!