Zale Corporation Retains Peter J. Solomon Company

DALLAS--(BUSINESS WIRE)--Zale Corporation (NYSE: ZLC) today announced that it has hired Peter J. Solomon Company, a leading independent investment banking advisory firm to the retail industry, to advise the Company in identifying and analyzing alternatives to maximize its financial flexibility.

About Zale Corporation

Zale Corporation is a leading specialty retailer of diamonds and other jewelry products in North America, operating approximately 1,900 retail locations throughout the United States, Canada and Puerto Rico, as well as online. Zale Corporation's brands include Zales Jewelers, Zales Outlet, Gordon's Jewelers, Peoples Jewellers, Mappins Jewellers and Piercing Pagoda. Zale also operates online at www.zales.com, www.zalesoutlet.com and www.gordonsjewelers.com. Additional information on Zale Corporation and its brands is available at www.zalecorp.com.