Zale Corporation Set to Rejoin Russell 3000 Index
DALLAS -- June 24, 2013
Zale Corporation (NYSE: ZLC) today announced that it is set to rejoin the
broad-market Russell 3000^® Index when Russell Investments reconstitutes its
comprehensive set of U.S. and global equity indexes on June 28, according to a
preliminary list of additions posted June 21 on www.russell.com/indexes.
Annual reconstitution of Russell’s U.S. indexes captures and ranks the 4,000
largest U.S. stocks as of the end of May, ranking them by total market
capitalization. Membership in the Russell 3000, which remains in place for one
year, means automatic inclusion in the small-cap Russell 2000^® Index as well
as the appropriate growth and value style indexes. The Russell 3000 also
serves as the U.S. component to the Russell Global Index. Russell determines
membership for its equity indexes primarily by objective,
market-capitalization rankings and style attributes.
“We are very pleased to rejoin the Russell 3000 ^ Index,” commented Theo
Killion, chief executive officer. “Our inclusion in the Russell indexes will
increase our exposure to investors and the financial community allowing us to
continue to broaden our shareholder base.”
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. Approximately $4.1 trillion in assets are benchmarked
to the Russell indexes. Russell calculates more than 700,000 benchmarks daily
covering approximately 98 percent of the investable market globally, more than
80 countries and 10,000 securities. These investment tools originated from
Russell's multi-manager investment business in the early 1980s when the
company saw the need for a more objective, market-driven set of benchmarks in
order to evaluate outside investment managers.
More information on the Russell indexes, including total returns, is available
Russell Investments (Russell) is a global asset manager and one of only a few
firms that offers actively managed multi-asset portfolios and services that
include advice, investments and implementation. Russell stands with
institutional investors, financial advisors and individuals working with their
advisors—using the firm’s core capabilities that extend across capital market
insights, manager research, portfolio construction, portfolio implementation
and indexes to help each achieve their desired investment outcomes.
Russell has more than $173 billion in assets under management (as of
3/31/2013) and works with over 2,500 institutional clients, independent
distribution partners and individual investors globally. As a consultant to
some of the largest pools of capital in the world, Russell has $2.6 trillion
in assets under advisement (as of 12/31/2012). It has four decades of
experience researching and selecting investment managers and meets annually
with more than 2,200 managers around the world. Russell traded more than $1.4
trillion in 2012 through its implementation services business.
About Zale Corporation
Zale Corporation is a leading specialty retailer of diamond and other jewelry
products in North America, operating approximately 1,710 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
webstores at www.zales.com, www.zalesoutlet.com, www.gordonsjewelers.com,
www.peoplesjewellers.com and www.pagoda.com. Additional information on Zale
Corporation and its brands is available at www.zalecorp.com.
Roxane Barry, 972-580-4391
Director of Investor Relations
Press spacebar to pause and continue. Press esc to stop.