Only one day following the bankruptcy of the jewelry chain (Finlay) that bought Bailey Banks & Biddle from Zale Corporation (NYSE:ZLC) less than two years ago, Zale announced a "real estate realignment" plan. First, Zale completed the closure of 118 stores on July 31, 2009, bringing its total closures for in 2009 to 160 underperforming stores and 31 underperforming mall kiosk locations.