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Markdown & promotions hurt Talbots
08 Sep '11
3 min read
• Total inventory increased 25.8% to $163.9 million, compared to $130.3 million in the same period last year, due mainly to lower than anticipated sales volume and the earlier timing of fall receipts compared to a year ago.
• Total outstanding debt was $83.9 million, an increase of $46.5 million compared to $37.4 million in the same period last year.
• In the second quarter, the Company opened 7 Talbots upscale outlets, closed 9 Talbots stores and ended the period with 566 stores, including 39 Talbots upscale outlet stores.
Click here to read to more details
• Total outstanding debt was $83.9 million, an increase of $46.5 million compared to $37.4 million in the same period last year.
• In the second quarter, the Company opened 7 Talbots upscale outlets, closed 9 Talbots stores and ended the period with 566 stores, including 39 Talbots upscale outlet stores.
Click here to read to more details
The Talbots Inc
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