Finlay is the latest in a string of jewelry stores that have been affected as consumers spend less. PK and Friedman's Inc were among the first jewelers to file for bankruptcy last year, each holding fire sales to liquidate their merchandise.
That put additional pressure on the remaining jewelers like Finlay, which were struggling with weak sales. Not even high-end jewelers have been spared in the downturn. The stalking horse typically sets a floor price for the auction.
Finlay was founded in as a mail-order jeweler. It sells jewelry at about 77 department store locations and operates about stand-alone jewelry stores. It has scaled back its operations from the locations it had at the end of January. Gordon Brothers has already been working for the company on the sales of inventory in department store locations and 58 of its stand-alone locations.
For other uses, see Zale disambiguation. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Location of the original Zales store in Wichita Falls, Texas. Operating income.
Net income. Archived from the original on Retrieved Retrieved on November 17, Texas Monthly. The New York Times. ISSN Corporate homepage. Retrieved 19 February Portal : Companies. Authority control. United States. Categories : Jewelry retailers of the United States American companies established in Clothing companies established in Retail companies established in mergers and acquisitions Companies based in Coppell, Texas Companies formerly listed on the New York Stock Exchange establishments in Texas.
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The Zale Corporation has asked a Federal bankruptcy judge to give it another 60 days to file its own plan to reorganize. Zale, a jewelry retailer. DALLAS, JAN. 1 -- Zale Corp., the nation's largest jewelry retailer, was forced by several of its bondholders into involuntary bankruptcy. Creditors of the Zale Corporation have moved to force the nation's biggest jewelry retailer into bankruptcy reorganization after it.