SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13D

Under the Securities Exchange Act of 1934 (Amendment No. 1)



Zale Corporation
(Name of Issuer)

Common Stock, par value $0.01 per share
(Title of Class of Securities)


                                                                                                         ________988858106_________
(CUSIP Number)

David Goldman
GAMCO Investors, Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-5000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)


______________________ May 15, 2014________________________
(Date of Event which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  .

1

CUSIP No. 988858106
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
Gabelli Funds, LLC                              I.D. No.  13-4044523
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)  (a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
   00-Funds of investment advisory clients
 
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)  X
 
 
6
Citizenship or place of organization
   New York
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
1,919,857  (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
1,919,857  (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
1,919,857  (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)
13
 
 
 
Percent of class represented by amount in row (11)
 
4.45%
14
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    IA, CO
 
2

 
CUSIP No. 988858106
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
GAMCO Asset Management Inc.    I.D. No.  13-4044521
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)  (a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
 00-Funds of investment advisory clients
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)
 
 
6
Citizenship or place of organization
   New York
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
1,053,577 (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
1,058,577  (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
1,058,577  (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)
13
 
 
 
Percent of class represented by amount in row (11)
 
2.45%
14
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    IA, CO
 
3

 
CUSIP No. 988858106
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
Gabelli Securities, Inc.                             I.D. No.  13-3379374
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)  (a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
00 – Client funds
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)
 
 
6
Citizenship or place of organization
   Delaware
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
224,554  (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
224,554  (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
224,554  (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)
13
 
 
 
Percent of class represented by amount in row (11)
 
0.52%
14
 
 
Type of reporting person (SEE INSTRUCTIONS)
    HC, CO, IA


4

CUSIP No. 988858106
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
GGCP, Inc.                                                                                                          I.D. No.  13-3056041
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)  (a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
None
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)
 
 
6
Citizenship or place of organization
   Wyoming
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
None     (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
None     (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
None     (Item 5)
 
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)  X
13
 
 
 
Percent of class represented by amount in row (11)
 
0.00%
 
14
 
 
Type of reporting person (SEE INSTRUCTIONS)
    HC, CO

5

CUSIP No. 988858106
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
GAMCO Investors, Inc.                                                                                           I.D. No.  13-4007862
 
 
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)  (a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
None
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)
 
 
6
Citizenship or place of organization
  Delaware
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
None   (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
None     (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
None   (Item 5)
 
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)  X
13
 
 
 
Percent of class represented by amount in row (11)
 
0.00%
14
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    HC, CO

6

CUSIP No. 988858106
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
Mario J. Gabelli
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)                                                                                                                                                                                        (a)  
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
None
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)
 
 
6
Citizenship or place of organization
   USA
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
None   (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
None    (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
None   (Item 5)
 
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)  X
13
 
 
 
Percent of class represented by amount in row (11)
 
0.00%
14
 
 
Type of reporting person (SEE INSTRUCTIONS)
    IN

7

Item 1.                                        Security and Issuer
This Amendment No. 1 to Schedule 13D on the Common Stock of Zale Corporation (the "Issuer") is being filed on behalf of the undersigned to amend the Schedule 13D, as amended (the "Schedule 13D") which was originally filed on February 27, 2014.  Unless otherwise indicated, all capitalized terms used herein but not defined herein shall have the same meanings as set forth in the Schedule 13D.

Item 2.                                        Identity and Background
This statement is being filed by Mario J. Gabelli ("Mario Gabelli") and various entities which he
directly or indirectly controls or for which he acts as chief investment officer.  These entities engage in various aspects of the securities business, primarily as investment adviser to various institutional and individual clients, including registered investment companies and pension plans, and as general partner or the equivalent of various private investment partnerships or private funds.  Certain of these entities may also make investments for their own accounts.
The foregoing persons in the aggregate often own beneficially more than 5% of a class of equity securities of a particular issuer.  Although several of the foregoing persons are treated as institutional investors for purposes of reporting their beneficial ownership on the short-form Schedule 13G, the holdings of those who do not qualify as institutional investors may exceed the 1% threshold presented for filing on Schedule 13G or implementation of their investment philosophy may from time to time require action which could be viewed as not completely passive.  In order to avoid any question as to whether their beneficial ownership is being reported on the proper form and in order to provide greater investment flexibility and administrative uniformity, these persons have decided to file their beneficial ownership reports on the more detailed Schedule 13D form rather than on the short-form Schedule 13G and thereby to provide more expansive disclosure than may be necessary.
(a), (b) and (c) - This statement is being filed by one or more of the following persons: GGCP, Inc.  ("GGCP"), GGCP Holdings LLC ("GGCP Holdings"), GAMCO Investors, Inc. ("GBL"), Gabelli Funds, LLC ("Gabelli Funds"), GAMCO Asset Management Inc. ("GAMCO"), Teton Advisors, Inc. ("Teton Advisors"), Gabelli Securities, Inc. ("GSI"), G.research, Inc. ("G.research"), MJG Associates, Inc. ("MJG Associates"), Gabelli Foundation, Inc. ("Foundation"), MJG-IV Limited Partnership ("MJG-IV"), and Mario Gabelli.  Those of the foregoing persons signing this Schedule 13D are hereinafter referred to as the "Reporting Persons".
GGCP makes investments for its own account and is the manager and a member of GGCP Holdings which is the controlling shareholder of GBL.  GBL, a public company listed on the New York Stock Exchange, is the parent company for a variety of companies engaged in the securities business, including those named below.
GAMCO, a wholly-owned subsidiary of GBL, is an investment adviser registered under the Investment Advisers Act of 1940, as amended ("Advisers Act").  GAMCO is an investment manager providing discretionary managed account services for employee benefit plans, private investors, endowments, foundations and others.
GSI, a majority-owned subsidiary of GBL, is an investment adviser registered under the Advisers Act and serves as a general partner or investment manager to limited partnerships and offshore investment companies and other accounts.  As a part of its business, GSI may purchase or sell securities for its own account.  GSI is a general partner or investment manager of a number of funds or partnerships, including Gabelli Associates Fund, L.P., Gabelli Associates Fund II, L.P., Gabelli Associates Limited, Gabelli Associates Limited II E, ALCE Partners, L.P., Gabelli Capital Structure Arbitrage Fund LP, Gabelli Capital Structure Arbitrage Fund Limited, Gabelli Intermediate Credit Fund L.P., Gabelli Japanese Value Partners L.P., GAMA Select Energy + L.P., GAMCO Medical Opportunities L.P., GAMCO Long/Short Equity Fund, L.P., Gabelli Multimedia Partners, L.P, Gabelli International Gold Fund Limited and Gabelli Green Long/Short Fund, L.P.
G.research, a wholly-owned subsidiary of GSI, is a broker-dealer registered under the Securities Exchange Act of 1934, as amended ("1934 Act"), which as a part of its business regularly purchases and sells securities for its own account.
Gabelli Funds, a wholly owned subsidiary of GBL, is a limited liability company. Gabelli Funds is an investment adviser registered under the Advisers Act which provides advisory services for The Gabelli Equity Trust Inc., The Gabelli Asset Fund, The GAMCO Growth Fund, The Gabelli Convertible and Income Securities Fund Inc., The Gabelli Value 25 Fund Inc., The Gabelli Small Cap Growth Fund, The Gabelli Equity Income Fund, The Gabelli ABC Fund, The GAMCO Global Telecommunications Fund, The Gabelli Gold Fund, Inc., The Gabelli Multimedia Trust Inc., The Gabelli Global Rising Income & Dividend Fund, The Gabelli Capital Asset Fund, The GAMCO International Growth Fund, Inc., The GAMCO Global Growth Fund, The Gabelli Utility Trust, The GAMCO Global Opportunity Fund, The Gabelli Utilities Fund, The Gabelli Dividend Growth Fund, The GAMCO Mathers Fund, The Gabelli Focus Five Fund, The Comstock Capital Value Fund, The Gabelli Dividend and Income Trust, The Gabelli Global Utility & Income Trust, The GAMCO Global Gold, Natural Resources, & Income Trust by Gabelli, The GAMCO Natural Resources Gold & Income Trust by Gabelli, The GDL Fund, Gabelli Enterprise Mergers & Acquisitions Fund, The Gabelli SRI Fund, Inc., and The Gabelli Healthcare & Wellness Rx Trust, (collectively, the "Funds"), which are registered investment companies.  Gabelli Funds is also the investment adviser to The GAMCO International SICAV (sub-funds GAMCO Stategic Value and GAMCO Merger Arbitrage), a UCITS III vehicle.
Teton Advisors, an investment adviser registered under the Advisers Act, provides discretionary advisory services to The TETON Westwood Mighty Mitessm Fund, The TETON Westwood Income Fund, The TETON Westwood SmallCap Equity Fund, and The TETON Westwood Mid-Cap Equity Fund.
MJG Associates provides advisory services to private investment partnerships and offshore funds.  Mario Gabelli is the sole shareholder, director and employee of MJG Associates.   MJG Associates is the Investment Manager of Gabelli International Limited and Gabelli Fund, LDC.  Mario J. Gabelli is the general partner of Gabelli Performance Partnership, LP.
The Foundation is a private foundation.  Mario Gabelli is the Chairman, a Trustee and the Investment Manager of the Foundation. Elisa M. Wilson is the President of the Foundation.
Mario Gabelli is the controlling stockholder, Chief Executive Officer and a director of GGCP and Chairman and Chief Executive Officer of GBL.  Mario Gabelli is also a member of GGCP Holdings. Mario Gabelli is the controlling shareholder of Teton.
                             MJG-IV is a family partnership in which Mario Gabelli is the general partner.  Mario Gabelli has less than a 100% interest in MJG-IV.  MJG-IV makes investments for its own account.  Mario Gabelli disclaims ownership of the securities held by MJG-IV beyond his pecuniary interest.
The Reporting Persons do not admit that they constitute a group.
GAMCO and G.research are New York corporations and GBL, GSI, and Teton Advisors are Delaware corporations, each having its principal business office at One Corporate Center, Rye, New York 10580. GGCP is a Wyoming corporation having its principal business office at 140 Greenwich Avenue, Greenwich, CT 06830.   GGCP Holdings is a Delaware limited liability corporation having its principal business office at 140 Greenwich Avenue, Greenwich, CT 06830.  Gabelli Funds is a New York limited liability company having its principal business office at One Corporate Center, Rye, New York 10580.  MJG Associates is a Connecticut corporation having its principal business office at 140 Greenwich Avenue, Greenwich, CT 06830.  The Foundation is a Nevada corporation having its principal offices at 165 West Liberty Street, Reno, Nevada 89501.
For information required by instruction C to Schedule 13D with respect to the executive officers and directors of the foregoing entities and other related persons (collectively, "Covered Persons"), reference is made to Schedule I annexed hereto and incorporated herein by reference.
(d) – Not applicable.
(e) – On April 24, 2008, Gabelli Funds settled an administrative proceeding with the Securities and Exchange Commission ("Commission") regarding frequent trading in shares of a mutual fund it advises, without admitting or denying the findings or allegations of the Commission.  The inquiry involved Gabelli Funds' treatment of one investor who had engaged in frequent trading in one fund (the prospectus of which did not at that time impose limits on frequent trading), and who had subsequently made an investment in a hedge fund managed by an affiliate of Gabelli Funds.  The investor was banned from the fund in August 2002, only after certain other investors were banned.  The principal terms of the settlement include an administrative cease and desist order from violating Section 206(2) of the Investment Advisers Act of 1940, Section 17(d) of the Investment Company Act of 1940 ("Company Act"), and Rule 17d-1 thereunder, and Section 12(d)(1)(B)(1) of the Company Act, and the payment of $11 million in disgorgement and prejudgment interest and $5 million in a civil monetary penalty.  Gabelli Funds was also required to retain an independent distribution consultant to develop a plan and oversee distribution to shareholders of the monies paid to the Commission, and to make certain other undertakings.
               On January 12, 2009, Gabelli Funds settled an administrative proceeding with the Commission without admitting or denying the findings or allegations of the Commission, regarding Section 19(a) of the Company Act and Rule 19a-1 thereunder by two closed-end funds.  Section 19(a) and Rule 19a-1 require registered investment companies, when making a distribution in the nature of a dividend from sources other than net investment income, to contemporaneously provide written statements to shareholders that adequately disclose the source or sources of such distribution.  While the two funds sent annual statements and provided other materials containing this information, the shareholders did not receive the notices required by Rule 19a-1 with any of the distributions that were made for 2002 and 2003.  As part of the settlement Gabelli Funds agreed to pay a civil monetary penalty of $450,000 and to cease and desist from causing violations of Section 19(a) and Rule 19a-1.  In connection with the settlement, the Commission noted the remedial actions previously undertaken by Gabelli Funds.
                          (f) – Reference is made to Schedule I hereto.

Item 3.                                        Source and Amount of Funds or Other Consideration
Item 3 to Schedule 13D is amended, in pertinent part, as follows:
The Reporting Persons used an aggregate of approximately $11,354,091 to purchase the additional Securities reported as beneficially owned in Item 5 since the most recent filing on Schedule 13D. GAMCO and Gabelli Funds used approximately $4,313,868 and $5,042,314 ,  respectively, of funds that were provided through the accounts of certain of their investment advisory clients (and, in the case of some of such accounts at GAMCO, may be through borrowings from client margin accounts) in order to purchase the additional Securities for such clients.  GSI used approximately $1,997,909 of client funds to purchase the additional Securities reported by it.

Item 4.                   Purpose of Transaction
                Item 4 to Schedule 13D is amended, in pertinent part, as follows:
                On May 29, 2014, the Issuer will be holding a special meeting of stockholders regarding the Agreement and Plan of Merger, dated as of February 19, 2014, by and among the Issuer, Signet Jewelers Limited and Carat Merger Sub, Inc.  GAMCO is currently evaluating all options available to it regarding the proposed merger.  GAMCO is considering voting, to the extent that GAMCO has voting authority over its investment advisory accounts, against the proposed merger and seeking appraisal rights under Delaware law.  GAMCO's consideration of voting against the proposed merger is based upon the information that has been filed publicly by TIG Advisors, LLC.  Consistent with applicable laws and regulations, GAMCO may discuss its consideration to vote against the proposed merger.

Item 5.                                        Interest In Securities Of The Issuer
Item 5 to Schedule 13D is amended, in pertinent part, as follows:
 (a) The aggregate number of Securities to which this Schedule 13D relates is 3,202,988 shares, representing 7.42% of the 43,145,744 shares outstanding as reported in the Issuer's most recently filed Schedule 14A for the record date April 30, 2014.   The Reporting Persons beneficially own those Securities as follows:
Name
Shares of
Common Stock
% of Class of
Common
 
GAMCO
 
Gabelli Funds
 
GSI
 
 
1,058,577
 
1,919,857
 
224,554
 
 
2.45%
 
4.45%
 
0.52%
 

Mario Gabelli is deemed to have beneficial ownership of the Securities owned beneficially by each of the foregoing persons.  GSI is deemed to have beneficial ownership of the Securities owned beneficially by G.research.  GBL and GGCP are deemed to have beneficial ownership of the Securities owned beneficially by each of the foregoing persons other than Mario Gabelli and the Foundation.
(b) Each of the Reporting Persons and Covered Persons has the sole power to vote or direct the vote and sole power to dispose or to direct the disposition of the Securities reported for it, either for its own benefit or for the benefit of its investment clients or its partners, as the case may be, except that (i) GAMCO does not have authority to vote 5,000 of the reported shares,  (ii) Gabelli Funds has sole dispositive and voting power with respect to the shares of the Issuer held by the Funds so long as the aggregate voting interest of all joint filers does not exceed 25% of their total voting interest in the Issuer and, in that event, the Proxy Voting Committee of each Fund shall respectively vote that Fund's shares, (iii) at any time, the Proxy Voting Committee of each such Fund may take and exercise in its sole discretion the entire voting power with respect to the shares held by such fund under special  circumstances such as regulatory considerations, and (iv) the power of Mario Gabelli, GBL, and GGCP is indirect with respect to Securities beneficially owned directly by other Reporting Persons.
(c) Information with respect to all transactions in the Securities which were effected during the past sixty days or since the most recent filing on Schedule 13D, whichever is less, by each of the Reporting Persons and Covered Persons is set forth on Schedule II annexed hereto and incorporated herein by reference.
 (e) Not applicable.

 
8






Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated:            May 15, 2014



GGCP, INC.
MARIO J. GABELLI


By:/s/ Douglas R. Jamieson
     Douglas R. Jamieson
     Attorney-in-Fact




GAMCO ASSET MANAGEMENT INC.
  GAMCO INVESTORS, INC.
GABELLI SECURITIES, INC.
GABELLI FUNDS, LLC


By:/s/ Douglas R. Jamieson                                                                                                  
     Douglas R. Jamieson
                    President & Chief Operating Officer – GAMCO Investors, Inc.
      President – GAMCO Asset Management Inc.
      President – Gabelli Securities, Inc.
                                                                                                        President & Chief Operating Officer of the sole member of
Gabelli Funds, LLC










9










SCHEDULE I
                                  Information with Respect to Executive
                              Officers and Directors of the Undersigned
Schedule I to Schedule 13D is amended, in pertinent part, as follows:

The following sets forth as to each of the executive officers and directors of the undersigned: his name; his business address; his present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted.  Unless otherwise specified, the principal employer of each such individual is GAMCO Asset Management Inc., Gabelli Funds, LLC, Gabelli Securities, Inc., G.research, Inc., Teton Advisors, Inc., or GAMCO Investors, Inc., the business address of each of which is One Corporate Center, Rye, New York 10580, and each such individual identified below is a citizen of the United States.  To the knowledge of the undersigned, during the last five years, no such person has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), and no such person was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities law or finding any violation with respect to such laws except as reported in Item 2(d) and (e) of this Schedule 13D.
















10




GGCP, Inc.
Directors:
 
               Mario J. Gabelli
 
Chief Executive Officer of GGCP, Inc., and Chairman & Chief Executive Officer of GAMCO Investors, Inc.; Director/Trustee of all registered investment companies advised by Gabelli Funds, LLC.
 
Marc J. Gabelli
 
Chairman of The LGL Group, Inc.
2525 Shader Road
Orlando, FL 32804
 
Matthew R. Gabelli
 
Vice President – Trading
G.research, Inc.
One Corporate Center
Rye,  NY 10580
 
Charles C. Baum
 
 
 
Secretary & Treasurer
United Holdings Co., Inc.
2545 Wilkens Avenue
Baltimore, MD   21223
 
              Fredric V. Salerno
 
Chairman; Former Vice Chairman and Chief Financial Officer
Verizon Communications
 
 
 
Officers:
 
Mario J. Gabelli
Chief Executive Officer and Chief Investment Officer
              Marc J. Gabelli
President
               Silvio A. Berni
 
Vice President, Assistant Secretary and Controller
 
 
GGCP Holdings LLC
Members:
 
              GGCP, Inc.
 
              Mario J. Gabelli
 
 
 
Manager and Member
 
Member
 
 
GAMCO Investors, Inc.
Directors:
 
 
               Edwin L. Artzt
 
 
 
 
Raymond C. Avansino
 
 
 
 
               Richard L. Bready
 
Former Chairman and Chief Executive Officer
Procter & Gamble Company
900 Adams Crossing
Cincinnati, OH 45202
 
Chairman & Chief Executive Officer
E.L. Wiegand Foundation
165 West Liberty Street
Reno, NV 89501
 
Former Chairman and Chief Executive Officer
Nortek, Inc.
50 Kennedy Plaza
Providence, RI 02903
 
Mario J. Gabelli
 
               Elisa M. Wilson
See above
 
Director
c/o GAMCO Investors, Inc.
One Corporate Center
Rye, NY 10580
 
 
               Eugene R. McGrath
 
Former Chairman and Chief Executive Officer
Consolidated Edison, Inc.
4 Irving Place
New York, NY 10003
 
               Robert S. Prather
 
 
President & Chief Executive Officer
Heartland Media, LLC
1843 West Wesley Road
Atlanta, GA 30327
 
Officers:
 
Mario J. Gabelli
 
Chairman and Chief Executive Officer
 
Douglas R. Jamieson
 
Henry G. Van der Eb
 
Bruce N. Alpert
 
Agnes Mullady
 
Robert S. Zuccaro
 
Kevin Handwerker
 
President and Chief Operating Officer
 
Senior Vice President
 
Senior Vice President
 
Senior Vice President
 
Executive Vice President and Chief Financial Officer
 
Executive Vice President, General Counsel and Secretary
 
 
GAMCO Asset Management Inc.
Directors:
 
 
Douglas R. Jamieson
Regina M. Pitaro
William S. Selby
 
 
Officers:
 
 
Mario J. Gabelli
Chief Executive Officer and Chief Investment Officer – Value Portfolios
 
 
 
Douglas R. Jamieson
 
               Robert S. Zuccaro
 
               David Goldman
 
 
President, Chief Operating Officer and Managing Director
 
Chief Financial Officer
 
General Counsel, Secretary & Chief Compliance Officer
 
Gabelli Funds, LLC
Officers:
 
 
Mario J. Gabelli
 
Chief Investment Officer – Value Portfolios
Bruce N. Alpert
Executive Vice President and Chief Operating Officer
 
               Agnes Mullady
President and Chief Operating Officer – Open End Fund Division
 
               Robert S. Zuccaro
 
Chief Financial Officer
 
               David Goldman
 
General Counsel
 
Teton Advisors, Inc.
Directors:
 
 
Howard F. Ward
 
               Nicholas F. Galluccio
 
               Vincent J. Amabile
 
               John Tesoro
 
Chairman of the Board
 
Chief Executive Officer and President
 
 
Officers:
 
 
Howard F. Ward
 
               Nicholas F. Galluccio
 
               Robert S. Zuccaro
 
               David Goldman
 
               Tiffany Hayden
 
See above
 
See above
 
Chief Financial Officer
 
General Counsel
 
Secretary
 
 
Gabelli Securities, Inc.
 
 
Directors:
 
 
Robert W. Blake
President of W. R. Blake & Sons, Inc.
196-20 Northern Boulevard
Flushing, NY   11358
 
Douglas G. DeVivo
DeVivo Asset Management Company LLC
P.O. Box 2048
Menlo Park, CA 94027
 
 Douglas R. Jamieson
 
President
 
               Daniel R. Lee
Chief Executive Officer –Palms Casino Resort
4321 West Flamingo Road
Las Vegas, NV 89103
               William C. Mattison, Jr.
 

Officers:
 
 
Douglas R. Jamieson
 
Robert S. Zuccaro
 
Diane M. LaPointe
 
David M. Goldman
 
Joel Torrance
See above
 
Chief Financial Officer
 
Controller
 
General Counsel  and Secretary
 
Chief Compliance Officer
 
G.research, Inc.
Directors:
 
Irene Smolicz
Senior Trader – G.research, Inc.
 
               Daniel M. Miller
Chairman
 
Officers:
 
 
Daniel M. Miller
See above
 
               Cornelius V. McGinity
 
President
Bruce N. Alpert
 
               Diane M. LaPointe
 
               Douglas R. Jamieson
 
               David M. Goldman
 
               Josephine D. LaFauci
Vice President
 
Controller and Financial & Operations Principal
 
Secretary
 
Assistant Secretary
 
Chief Compliance Officer
 
Gabelli Foundation, Inc.
Officers:
 
                Mario J. Gabelli
Chairman, Trustee & Chief Investment Officer
 
                Elisa M. Wilson
 
                Marc J. Gabelli
 
                Matthew R. Gabelli
 
                Michael Gabelli
President
 
Trustee
 
Trustee
 
Trustee
 
MJG-IV Limited Partnership
Officers:
 
                 Mario J. Gabelli
General Partner



11



                               SCHEDULE II
                            INFORMATION WITH RESPECT TO
                 TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
                 SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)
                                   SHARES PURCHASED        AVERAGE
                        DATE            SOLD(-)             PRICE(2)

 COMMON STOCK-ZALE CORP.

          GABELLI SECURITIES, INC.
                       5/14/14              502            21.7911
                       5/09/14            4,500-           21.7056
                       5/09/14              500-           21.7056
                       5/02/14              300-           21.4300
                       4/30/14            1,700-           21.3650
                       4/29/14            1,100-           21.3164
                       4/29/14              200-           21.3164
                       4/23/14              900-           21.2400
                       4/22/14            4,100-           21.1843
                       4/22/14              500-           21.1843
                       4/17/14              500            21.0266
                       4/17/14            3,600            21.0266
                       4/09/14            1,600-           21.4359
                       4/09/14              300-           21.4359
                       4/08/14              500-           21.3764
                       4/08/14            4,500-           21.3764
                       4/07/14            3,500-           21.2517
                       4/07/14              400-           21.2517
                       4/01/14              200            20.9350
                       4/01/14            2,500            20.9350
                       3/31/14           16,200            20.9444
                       3/31/14            2,100            20.9444
                       3/28/14              300            20.9787
                       3/28/14            2,500            20.9787
                       3/27/14            3,200            20.9915
                       3/27/14              400            20.9915
                       3/26/14              500            20.9881
                       3/26/14            3,721            20.9881
                       3/24/14            9,500            20.9875
                       3/24/14            1,100            20.9875
                       3/21/14            1,500            21.0280
                       3/21/14           11,800            21.0280
                       3/19/14            1,600-           21.3534
                       3/19/14              300-           21.3534
             GABELLI ASSOCIATES LIMITED II E
                       5/14/14              200            21.7911
                       5/09/14            1,800-           21.7056
                       4/30/14              900-           21.3650
                       4/29/14              700-           21.3164
                       4/22/14            1,600-           21.1843
                       4/17/14            1,400            21.0266
                       4/09/14              700-           21.4359
                       4/08/14            1,600-           21.3764
                       4/07/14            1,300-           21.2517
                       4/01/14              900            20.9350
                       3/31/14            6,000            20.9444
                       3/28/14              700            20.9787
                       3/27/14            1,400            20.9915
                       3/26/14            1,400            20.9881
                       3/24/14            3,400            20.9875
                       3/21/14            4,500            21.0280
                       3/19/14              300-           21.3534
                       3/18/14              400-           21.3500
             GABELLI ASSOCIATES LIMITED
                       5/14/14              300            21.7911
                       5/09/14            3,400-           21.7056
                       5/02/14              300-           21.4300
                       4/30/14            1,200-           21.3650
                       4/29/14              900-           21.3164
                       4/23/14              600-           21.2400
                       4/22/14            3,200-           21.1843
                       4/17/14            2,800            21.0266
                       4/09/14            1,300-           21.4359
                       4/08/14            3,500-           21.3764
                       4/07/14            2,700-           21.2517
                       4/01/14            1,900            20.9350
                       3/31/14           12,800            20.9444
                       3/28/14            1,600            20.9787
                       3/27/14            2,900            20.9915
                       3/26/14            2,900            20.9881
                       3/24/14            7,300            20.9875
                       3/21/14            9,200            21.0280
                       3/19/14            1,300-           21.3534
             GABELLI ASSOCIATES FUND II
                       5/14/14              200            21.7911
                       5/09/14            1,400-           21.7056
                       4/29/14              400-           21.3164
                       4/23/14              300-           21.2400
                       4/22/14            1,700-           21.1843
                       4/17/14            1,500            21.0266
                       4/09/14              600-           21.4359
                       4/08/14            1,900-           21.3764
                       4/07/14            1,400-           21.2517
                       4/01/14            1,000            20.9350
                       3/31/14            6,900            20.9444
                       3/28/14              700            20.9787
                       3/27/14            1,500            20.9915
                       3/26/14            1,500            20.9881
                       3/24/14            3,700            20.9875
                       3/21/14            4,800            21.0280
                       3/19/14              700-           21.3534
             GABELLI ASSOCIATES FUND
                       5/14/14              500            21.7911
                       5/09/14            4,900-           21.7056
                       5/02/14              400-           21.4300
                       4/30/14              300-           21.3650
                       4/29/14            1,600-           21.3164
                       4/23/14              700-           21.2400
                       4/22/14            4,800-           21.1843
                       4/17/14            4,399            21.0266
                       4/09/14            2,100-           21.4359
                       4/08/14            5,214-           21.3764
                       4/07/14            3,000-           21.2517
                       4/01/14            2,800            20.9350
                       3/31/14           18,100            20.9444
                       3/28/14            2,300            20.9787
                       3/27/14            4,187            20.9915
                       3/26/14            4,500            20.9881
                       3/24/14           10,900            20.9875
                       3/21/14           13,400            21.0280
                       3/19/14            1,300-           21.3534
                       3/18/14              600-           21.3500
          GAMCO ASSET MANAGEMENT INC.
                       5/12/14            8,500-           22.3625
                       5/09/14              300            21.8500
                       4/23/14            4,000-           21.2356
                       4/22/14              500-           21.1843
                       4/09/14            2,000-           21.4000
                       4/08/14            2,000-           21.3000
                       4/08/14              500-           21.3764
                       4/07/14           10,000-           21.2513
                       4/04/14           54,739            20.9700
                       4/03/14           13,658            20.9700
                       4/02/14            1,000-           21.0400
                       4/01/14            1,300-           21.0783
                       3/31/14            1,000            20.9444
                       3/28/14           20,000            21.0000
                       3/27/14              500            20.9915
                       3/27/14          125,000            21.0000
                       3/25/14           20,000-           21.0863
                       3/24/14            1,500            20.9875
                       3/24/14           60,000            20.9800
                       3/20/14           10,000-           21.1468
          GABELLI FUNDS, LLC.
             THE GDL FUND
                       4/25/14           29,443-           21.2564
                       3/31/14           31,240            20.9700
                       3/28/14            3,300            20.9700
                       3/24/14           30,460            20.9700
             GAMCO MERGER ARBITRAGE
                       5/14/14              100            21.7911
                       5/09/14            1,000-           21.7056
                       4/30/14            1,900-           21.3650
                       4/29/14              600-           21.3164
                       4/22/14            1,100-           21.1843
                       4/17/14              900            21.0266
                       4/09/14              400-           21.4359
                       4/08/14            1,200-           21.3764
                       4/07/14            1,000-           21.2517
                       4/01/14              700            20.9350
                       3/31/14            4,400            20.9444
                       3/28/14              500            20.9787
                       3/27/14            1,100            20.9915
                       3/26/14              900            20.9881
                       3/24/14            2,600            20.9875
                       3/21/14            3,300            21.0280
                       3/19/14              500-           21.3534
             GABELLI ABC FUND
                       3/31/14          200,000            20.9700

(1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
    ON THE NYSE.

(2) PRICE EXCLUDES COMMISSION.


12