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November 28, 2007
Talbots's Same Store Sales Drop 7.9% In Q3
Talbots Inc. reported a third quarter loss of $9.4 million, compared to profit of 8.1 million a year ago.
The loss was partially pinned on its acquisition of J. Jill and financing costs it incurred within the quarter.
Sales for the quarter slid 2.2% to $556 million. Meanwhile, same store sales fell by 7.9%. The retailer said that it was cautious about the holiday season and its fourth-quarter performance.
Posted by Blacks on November 28, 2007 09:41 AM
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