Home / Knowledge / News / Apparel/Garments / Talbot sees dip in Q3 sales due to discontinued opts of J.Jill
Talbot sees dip in Q3 sales due to discontinued opts of J.Jill
07
Nov '08
The Talbots, Inc. today announced third quarter sales for the thirteen weeks ended November 1, 2008. The Company also announced that it will focus on its core Talbots business and is pursuing the sale of its J. Jill brand.

Trudy F. Sullivan, President and Chief Executive Officer of The Talbots, Inc., commented, "We have made great strides in reenergizing the Talbots brand and are encouraged by both our existing and lapsed customers' response to our product and marketing efforts.

In light of the current macro-economic environment, we therefore feel it is a strong move to focus solely on executing the successful turnaround of our core brand. While we have made solid progress in improving the J. Jill brand's operation, we have made the strategic decision to pursue its sale."

With the Talbots brand greater than 60-year heritage and exceptionally loyal customer base, the Company is confident it can maintain its strong positive cash flow by redirecting all of its resources and capital towards its core Talbots Misses, Petites, Womans, Collection, and Accessories & Shoes concepts. The Company believes that this exclusive focus on the Talbots brand can generate significant return on investment and drive long-term increased shareholder value.

Talbots Reports Third Quarter and Year-to-Date Sales Results:

Operating results of its J. Jill brand will be reclassified as discontinued operations for the third quarter of fiscal 2008 and all prior periods. In addition, during the third quarter the Company completed the closedown of its Talbots Kids, Mens and U.K. operations and those operations will also be reclassified to discontinued operations for the third quarter of fiscal 2008 and all prior periods.

Therefore, the following financial results reflect continuing operations of the Talbots Missy, Petites, Womans, Collection and Accessories and Shoes concepts only. Talbots reported total sales for the thirteen weeks ended November 1, 2008 of $357 million, versus last year's sales of $414 million. Retail store sales were $303 million compared to $345 million last year.

Comparable store sales for the Talbots brand declined 13.9% for the thirteen-week period. Direct marketing sales for the thirteen-week period were $54 million, including catalog and Internet, compared to $69 million last year.

Year-to-date sales for the thirty-nine weeks ended November 1, 2008 were $1,167 million compared to $1,280 million reported for the thirty-nine weeks ended November 3, 2007. Retail store sales were $983 million compared to $1,084 million last year. Comparable store sales declined 10.9% for the thirty-nine week period.

Direct marketing sales for the thirty-nine week period, including catalog and Internet, were $184 million compared to $196 million reported last year. Internet sales continue to gain traction, and now represent 59% of the total direct business, compared to 53% for the same period last year.


Must ReadView All

Building of Ethiopian textile unit by Chinese firm starts

Textiles | On 22nd Jan 2018

Building of Ethiopian textile unit by Chinese firm starts

Chinese firm Wuxi No. 1 Cotton Mill will build a textile plant in...

JD.com to invest $3.1 bn to revive industry in NE China

Apparel/Garments | On 22nd Jan 2018

JD.com to invest $3.1 bn to revive industry in NE China

To back the government’s campaign to revitalize the traditional...

SIMA makes pre-budget recommendations to Indian govt

Textiles | On 22nd Jan 2018

SIMA makes pre-budget recommendations to Indian govt

Exemption of 5 per cent goods and services tax (GST) on raw cotton,...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search