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September 17, 2012
Alliance Data acquires $145 million in Talbots credit card receivables

Alliance Data Systems Corp. said that it has acquired the receivables associated with The Talbots Inc.’s existing private-label credit card file, and will acquire the credit card accounts, pending regulatory approval.

Dallas -- Alliance Data Systems Corp. said Monday that it has acquired the receivables associated with The Talbots Inc.’s existing private-label credit card file, and will acquire the credit card accounts, pending regulatory approval. The receivables portfolio totals about $145 million.

Alliance Data also said that its Retail Services business will provide private-label credit card services for Talbots, as well.

July 30, 2012
Sycamore extends Talbots offer for a second time

Sycamore Partners extended its tender offer to buy The Talbots Inc. to Aug. 2.

New York -- Sycamore Partners extended its tender offer to buy The Talbots Inc. to Aug. 2. It is the second extension given by Sycamore to the retailer.

The private equity firm said in May that it would buy Talbots for $193.3 million. The tender offer was previously scheduled to expire at 5 p.m. ET on July 27.

May 29, 2012
Talbots buyout talks with Sycamore end

Talbots said that Sycamore Partners had walked away from negotiations over a proposed $215 million buyout of the retailer.

Hingham, Mass. -- Talbots said Friday that Sycamore Partners had walked away from negotiations over a proposed $215 million buyout of the retailer. The company, which also reported first quarter results, said it was exploring other strategic alternatives.

January 30, 2012
Report: Talbots in talks with Sycamore

The Talbots is in buyout talks with the private-equity firm Sycamore Partners, according to the Boston Herald.

New York City -- The Talbots is in buyout talks with the private-equity firm Sycamore Partners, according to the Boston Herald. The retailer signed a confidentiality agreement on Friday with the New York-based Sycamore, its second largest shareholder with 10% of the company, according to documents filed with the U.S. Securities and Exchange Commission, the report said.

December 5, 2011
Talbots on hunt for new CEO

It’s official: Talbots Inc. is seeking a new CEO as it works to turn around its struggling business.

Hingham, Mass. -- It’s official: Talbots Inc. is seeking a new CEO as it works to turn around its struggling business. The retailer said Monday that president and CEO Trudy Sullivan plans to retire as soon as a successor is named.

The company said it has created a search committee of independent board members and hired executive search firm Spencer Stuart to assist in its search.

December 1, 2011
Talbots records sharp Q3 loss amid reports of CEO shakeup

Talbots Inc. reported a loss of $22 million for the third quarter, compared with a profit of $17 million in the year-ago period.

Hingham, Mass. -- Talbots Inc. reported Thursday a loss of $22 million for the third quarter, compared with a profit of $17 million in the year-ago period. It was the apparel retailer’s third loss in four quarters. Talbots has posted an annual loss in three of the last four years.

September 7, 2011
Talbots posts bigger-than-expected loss; chief creative officer out

Talbots posted a bigger-than-expected second-quarter loss on Wednesday, largely due to increased markdowns.

Hingham, Mass. — Talbots posted a bigger-than-expected second-quarter loss on Wednesday, largely due to increased markdowns. The retailer also said that chief creative officer Michael Smaldone has departed the company, effective immediately.

Talbots reported a net loss of $37.3 million for the period ended July 30, compared with a profit of $941,000 a year earlier. Revenue fell 10% to $271.1 million from $300.7 million. Same-stores sales fell 10.4%.

June 7, 2011
Talbots swings to profit in Q1, but cuts outlook

The Talbots reported Tuesday that first-quarter profit was $739,000, compared with a loss of $4.4 million in the year-ago period.

Hingham, Mass. -- The Talbots reported Tuesday that first-quarter profit was $739,000, compared with a loss of $4.4 million in the year-ago period. However, net sales dropped 6% to $301.3 million, compared with $320.7 million in the same period last year, and consolidated same-store sales decreased 7.7%.

Results missed Wall Street estimates and the company has lowered its second quarter outlook.

March 24, 2011
Talbots posts smaller-than-expected Q4 loss, accelerates remodels

The Talbots reported Thursday a narrower-than-expected fiscal fourth-quarter loss, and said it plans to expand its store re-image program to improve traffic.

Hingham, Mass. -- The Talbots reported Thursday a narrower-than-expected fiscal fourth-quarter loss, and said it plans to expand its store re-image program to improve traffic. The chain also it expects to close as many as 100 stores over the next two years.

Talbots lost $2.8 million in the quarter ended Jan. 29, compared with a loss of $1.5 million in the year-ago period.

Net sales fell 7.4% to $292.6 million, compared with $315.9 million in the same period last year. Same-store sales dropped 7.3%.

October 25, 2010
Talbots implements Oracle retail planning suite

Oracle announced Tuesday that Talbots has selected its retail planning and optimization suite of applications...

June 7, 2010
Talbots Q1 loss narrows

The Talbots said Tuesday its fiscal first-quarter net loss narrowed as shoppers snapped up its...

May 31, 2010
Survey: L.L. Bean, Staples, Talbots among most powerful brands in Northeast

A study released Tuesday by brand development firm Protobrand unveiled the 25 most powerful New...

October 14, 2009
Talbots teams with Vanguard to implement mainframe security

Vanguard Integrity Professionals said Thursday that The Talbots has selected Vanguard Security Solutions to help...

November 16, 2008
Talbots Retains Financial Advisor J. Jill Sale

The Talbots, Inc. announced it has retained Moelis & Co. to serve as the company’s...

November 5, 2008
Talbots to Sell J. Jill

Talbots Inc. said Thursday that it plans to sell its J. Jill brand and concentrate...

August 26, 2008
Talbots' 2Q Loss Swells to $25 Million

Talbots Inc. said Wednesday it lost $25 million in its second quarter ending Aug. 2,...

August 5, 2008
MATRA Systems Announces Derrick Hurley as VP of Sales

MATRA Systems, Inc., a premier provider of retail POS solutions and services, today announced that...

July 30, 2008
Talbots Names New Chairman of the Board

Talbots Inc. said Thursday that it named Tsutomu Kajita, who has been a company director...

June 16, 2008
Talbots Makes VP Appointment

The Talbots Tuesday announced that it has named Gregory Poole executive VP and chief supply...

June 10, 2008
Talbots Gets New $50 Million Credit Facility

The Talbots Inc. said Wednesday that its majority shareholder, Aeon Co., has agreed to provide...

June 4, 2008
Talbots to Eliminate COO Post, Cut 9% of Corporate Staff

Talbots Inc. plans to eliminate the post of COO and cut its corporate staff by...

May 19, 2008
Talbots Appoints Senior VP

Talbots Inc. appointed Chris Jackson, senior VP of apparel, design and development of the Talbots...

March 16, 2008
Talbots to Close 20 Stores

On the heels of its March 12 report that it experienced a 4Q net loss...

March 13, 2008
Talbots Appoints New Marketing Chief

Talbots Inc. said Friday it has created a chief marketing officer role as part of...

March 11, 2008
Talbots Posts Quarterly Loss

Talbots reported Wednesday a net loss of $171 million for the fourth quarter ended Feb....