Content about Talbots Inc.

May 23, 2012

Talbots Inc. said is extending its talks with Sycamore Partners about an acquisition offer.

Hingham, Mass. -- Talbots Inc. said is extending its talks with Sycamore Partners about an acquisition offer. It is the second time the chain has extended the talks.

Talbots has extended the period of time during which it will talk solely with the private equity firm about its $211 million takeover offer until Thursday.

The first time Talbots extended the exclusivity period was a week ago, when it announced that the talks would continue until Wednesday.

April 13, 2012

Talbots Inc.’s fourth-quarter loss widened to $53.2 million for the period ended Jan. 28, not as bad as analysts expected, compared to a loss of $2.8 million in the year ago.

Hingham, Mass. -- Talbots Inc.’s fourth-quarter loss widened to $53.2 million for the period ended Jan. 28, not as bad as analysts expected, compared to a loss  of $2.8 million in the year ago. Its results were pressured by restructuring and executive retirement costs, as well as increased mark-downs and promotions. The chain also forecast first-quarter revenue that missed analysts' expectations. Revenue for the quarter slipped 1% to $289.4 million from $292.6 million, but beat Wall Street's estimate of $267.9 million. Same-store sales were flat.

December 20, 2011

Talbots Inc. has rejected a buyout offer from private-equity firm Sycamore Partners its biggest shareholder, saying the bid “substantially” undervalues the company.

New York City -- Talbots Inc. has rejected a buyout offer from private-equity firm Sycamore Partners its biggest shareholder, saying the bid “substantially” undervalues the company. The bid was valued at approximately at $205.2 million.

Sycamore is Talbots biggest shareholder, with a 9.9% in the company. In a statement, Talbots called the proposal inadequate and said it will explore its strategic options to help maximize value for its shareholders. The retailer did not set a deadline for when its review will end.

December 5, 2011

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 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 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%.

December 10, 2008

Talbots is planning to open stores in upscale outlet malls next year, according to Talbots...

November 24, 2008

Talbots Inc. said Tuesday its third-quarter loss widened on the closing of some units, along...

November 5, 2008

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

August 26, 2008

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

July 30, 2008

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

June 30, 2008

Chapter 11 doesn’t have to be the final chapter in a retailer’s story. For...

June 4, 2008

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

May 19, 2008

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

March 16, 2008

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

March 13, 2008

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

January 21, 2008

Hingham, Mass., Talbots...

January 8, 2008

Hingham, Mass. Talbots Inc. said Tuesday it has appointed Paula Bennett to serve as president...

January 3, 2008

Hingham, Mass. Talbots Inc. said Friday it will close 78 kids' and mens' stores by...

October 23, 2007

New York City, ...

October 9, 2007

Hingham, Mass., Talbots...

October 9, 2007

Hingham, Mass., Talbots...

October 8, 2007

Hingham, Mass., Talbots...

September 9, 2007

Hingham, Mass., Talbots...

March 31, 2007

The commonly reported monthly comparable-store-sales change provides an interesting snap-shot of one month’s performance. The...