Sep. 2, 2009 (Business Wire) -- Zale Corporation (NYSE: ZLC), today announced that it has rescheduled the release date for its fiscal 2009 financial results to Wednesday, September 9, 2009 at 9:00 a.m. ET. During the finalization of the Company’s year-end closing, certain non-cash adjustments were identified impacting prior period results aggregating approximately $13.0 million pre-tax, of which approximately $6.3 million relates to years prior to fiscal 2000. The Company is in the process of finalizing the appropriate accounting treatment for those adjustments.

The conference call may be accessed by dialing:

(800) 679-2671 or (706) 643-7467

Using passcode: 28627375

A webcast of the call, as well as a replay, will be available on the Company’s website at http://www.zalecorp.com. In addition, an audio replay of the conference call will be available for approximately seven days by dialing (800) 642-1687 or (706) 645-9291 (passcode required: 28627375).

About Zale Corporation

Zale Corporation is a leading specialty retailer of diamonds and other jewelry products in North America, operating more than 1,930 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 and www.gordonsjewelers.com. Additional information on Zale Corporation and its brands is available at www.zalecorp.com.

This press release contains forward-looking statements, and actual results may differ materially from those suggested by the forward looking statements for a number of reasons, including the need to finalize the appropriate accounting treatment as noted above.