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January 04, 2008
Talbots Exits Men's, Kids Businesses
Talbots Inc. announced that it is exiting its men’s and kids business by September of this year. The move will result in the closure of 78 stores.
After a review of its business, Talbots decided to concentrate on its core women’s wear lines, where it sees the greatest amount of growth potential.
The closures are expected to impact the company’s revenue by $100 million a year and produce an operational benefit of $13 million to $15 million annually.
Posted by Blacks on January 4, 2008 10:38 AM
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