ZALE TAPS FORTE AS GORDON’S UNIT PRESIDENT
DALLAS — Zale Corp., based here, has named Mary Forte to the new post of president of its Gordon’s Jewelers division.
Forte was a senior vice president in charge of home goods for QVC/Home Shopping Network. According to a QVC spokesman, no successor has been named.
The appointment is a result of Zale’s restructuring of its Gordon’s and Zales Jewelers divisions, according to a Zale spokeswoman. Both divisions had been operating under a single management team, headed by Jerry Daws, president of Gordon’s and Zales Jewelers. Daws, as well as senior vice president of merchandising Terry Garcia and marketing director Glenn Stewart, resigned at the end of June.
A president for Zales Jewelers has not been named yet, the spokeswoman said. The posts left open by Garcia and Stewart will not be filled.
Zale operates 1,239 jewelry stores throughout the U.S., Puerto Rico and Guam. In addition to Zales and Gordon’s, divisions include Corrigan’s and Bailey, Banks and Biddle.
For the fiscal year ending March 31, the firm posted net sales of $909 million compared with $980.8 million for the same period a year ago.
John Belknap, executive vice president and chief financial officer of Zale, attributed the sales slide to the closing of about 175 stores in the last year.
Zale entered Chapter 11 bankruptcy in January 1992 and emerged in July 1993.