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Talbots to provide Additional Clarity on financing arrangements
19
Apr '08
The Talbots Inc announced that it will host a conference call to further review the Company's financing arrangements discussed in its April 15, 2008 Form 8-K and related press release issued April 16, 2008. In addition, the Company reconfirmed its previously announced outlook for fiscal 2008 as follows:

Reconfirms Fiscal 2008 Outlook:
The Talbots Inc is planning for top-line growth of approximately 3%. This plan is based on slightly negative total Company comparable store sales.

Fiscal 2008 earnings from continuing operations are expected to be in the range of $0.47 to $0.52 per diluted share. The Company is planning for a loss from discontinued operations in the range of ($0.64) to ($0.59) per share, for a total loss per share in the range of ($0.17) to ($0.07), compared to the ($3.56) loss per share reported in fiscal 2007.

The Company believes that if it achieves this plan, it will have sufficient liquidity to fund the continued turnaround of its business. The Talbots, Inc. has revised its payment terms with its major vendors, resulting in enhanced financial flexibility and increased operating cash flow.

In addition, the Company currently has working capital lines of credit totaling $165 million and believes that these lines will be adequate to fund its fiscal 2008 working capital requirements under its current plan.

Conference Call Dial-in Information:
The call will take place, April 18, at 9:00 a.m. (Eastern Time). Inorder to participate in the conference call, please dial 866-336-2423 approximately 10 minutes prior to the scheduled time and give the passcode "TLB".

The Talbots Inc


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