Zales was founded in 1924 when brothers Morris and William Zale and Ben Lipshy opened a jewelry store in Wichita Falls, Texas. Zales revolutionized the jewelry industry by offering payment plans that made jewelry affordable for everyone.
History
By 1942, there were 12 stores in Texas and Oklahoma.
In 1957, the company opened its first shopping mall location.
In 1958, the company went public.
In 1998, the company began selling jewelry online at zales.com.
In 2000, the company acquired Piercing Pagoda and Peoples Jewellers of Canada.
In 2014, Signet Jewelers acquired Zales, which will continue under the Zales name and operate as a subsidiary. This sale created a company worth $6.2 billion.
Today, Zales operates over 1750 locations in the US and Canada. These stores operate under several brands, including Zales, Gordon’s Jewelers, Piercing Pagoda, Zales Outlet, Kay Jewelers, and Peoples Jewellers.
In 2013, the company had $1.888 billion in revenue.
In January 2017, Zales announced it would close many of its mall stores when the leases expire due to lackluster sales.
Zales was founded in 1924 when brothers Morris and William Zale and Ben Lipshy opened a jewelry store in Wichita Falls, Texas. Zales revolutionized the jewelry industry by offering payment plans that made jewelry affordable for … [Continue reading] about Zales Corporate Office