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October 25, 2007
Talbots Lowers Expectations For Fall
Talbots curbed its expectations for fall sales after a weaker-than-anticipated quarter. The retailer said that it expects sales to be $65 million to $75 million below plan for fall after a disappointing start to the season.
Poor merchandise choices and unseasonably warm weather are being targeted as reasons for the loss.
The company said it has hired a consulting firm to evaluate its business and develop new sales strategies.
Posted by Blacks on October 25, 2007 09:31 AM
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