Zale Looks For Restructuring Options, According to Bloomberg

Zale closed more than 200 locations in the 2009 fiscal year

Based upon information derived from three anonymous sources, Zale reportedly wants to “weigh its choices” in 2010 after posting losses during the last seven consecutive quarters.

Most recently, reports late last week stated Zale Corp. has cancelled some orders with suppliers during the vital holiday season.

During November, a month which has typically represented approximately 25 percent of Zale’s total revenues for the second quarter, Zale reported an 18.6 percent drop in comparable store sales.