Sep. 8, 2009 (Business Wire) -- Zale Corporation (NYSE: ZLC) today announced that it is postponing its earnings release and investor conference call previously scheduled for Wednesday, September 9 at 9:00 a.m. ET in order to finalize a review of accounting for prepaid advertising costs that surfaced during the Company’s year-end closing process. Once complete, the Company will announce the date of its earnings call and provide additional details.

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 review of accounting as noted above.