Home / Knowledge / News / Apparel/Garments / Quarter-to-date comparable store sales down at Talbots
Quarter-to-date comparable store sales down at Talbots
12
Jan '11
The Talbots Inc provided an update on its outlook for the fourth quarter and fiscal year ending January 29, 2011.

Although the Company experienced solid selling trends from Thanksgiving through Cyber Monday, trends deteriorated in the last two weeks of December into January, despite our enhanced promotional posture. The Company believes this is due to a combination of factors, including a weaker than anticipated customer response to our current merchandise assortment, high levels of competitive promotional activity in the market and weather-related issues.

As a result, quarter-to-date top line sales are down approximately 7% versus the fourth quarter of last year, which compares to the Company's previously announced expectation for fourth quarter top-line sales in the range of flat to down low-single digits. Quarter-to-date comparable store sales are down approximately 6%.

Based on current sales levels, the Company expects fourth quarter adjusted loss per share from continuing operations, excluding special items, to be in the range of $0.15 to $0.19 per share. This compares to last year's adjusted earnings per share from continuing operations, excluding special items, of $0.13 and is a decrease from its previously announced range of an adjusted loss from continuing operations, excluding special items, of $0.05 per share to adjusted earnings from continuing operations of $0.03 per share.

Full year adjusted earnings per share from continuing operations, excluding special items, are expected to be in the range of $0.56 to $0.60 per share. This compares to last year's adjusted loss per share from continuing operations, excluding special items, of $0.10 and is a decrease from its previously announced range of $0.70 to $0.78 per share.

Trudy F. Sullivan, Talbots President and Chief Executive Officer, said, "While we are disappointed with our fourth quarter performance, we have accomplished a great deal this fiscal year and are a stronger, leaner and more profitable Company. Our balance sheet position is healthy and our debt level has been significantly reduced. With a solid financial foundation, we have the flexibility to invest as required to further enhance our operating platform and refresh our brand."

"We will continue to evolve our strategic approach to achieve our long term objectives and remain keenly focused on merchandise initiatives to improve our assortment as well as branding and marketing strategies that will accelerate the pace of attracting new and reactivating lapsed customers, while continuing to please our core customer. We believe that this, coupled with our productivity initiatives, will drive improved results across our business and increase shareholder value," concluded Ms. Sullivan.

The Company plans to report its fourth quarter and full fiscal year 2010 results on March 24, 2011 and will comment on its outlook for fiscal 2011 at that time.

The above outlookis based on the Company's internal assumptions and estimates, is subject to its accompanying forward-looking statement and is not a guarantee of future performance.

The Talbots Inc is a leading specialty retailer and direct marketer of women's apparel, shoes and accessories.

The Talbots Inc


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Abhishek Pachauri

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

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

October 2017

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
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

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
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

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
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

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
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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