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Stephens' Herber on options for Zale's future

8 years ago14 views

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 Some experts argue that the chain's business model is outdated and that its best chance to restructure is in Chapter 11 bankruptcy.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

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