Stephens' Herber on options for Zale's future
Uploaded on Mar 05, 2010 / 789 views / 887 impressions / 0 comments
Description
Zale Corp. (NYSE:ZNL) has struggled with falling sales for over two
years. To help the distressed jewelry chain raise capital, it
recently hired turnaround expert Peter J. Solomon Co., and the
chain is also in talks with private equity groups, such as Apollo
Management LP. Some experts argue that the chain's business model
is outdated and that its best chance to restructure is in Chapter
11 bankruptcy. Stephens Inc.'s Jennifer Herber thinks that Zale
could make a rebound. Watch the video below or download it at
iTunes.- Maria Woehr