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Talbots anticipates stronger H2 of 2007

10 Aug '07

3 min read

The Talbots Inc announced total Company sales for the thirteen weeks ended August 4, 2007 of $572 million, versus last year's reported sales of $571 million. By brand, retail store sales were $392 million for Talbots compared to $404 million last year, and $80 million for J. Jill compared to $73 million last year. J. Jill brand represents approximately 20% of the total combined company sales volume.

Total Company comparable store sales declined 4.8% for the thirteen-week period, which was primarily due to a weak June and a particularly difficult July for both the Talbots and J. Jill brands. Comparable store sales for Talbots brand decreased 4.9% for the thirteen-week period and for the J. Jill brand, comparable store sales decreased 4.3% in the period.

Consolidated direct marketing sales for the thirteen-week period were $100 million, including catalog and Internet, compared to $95 million last year.

Year-to-date sales for the twenty-six weeks ended August 4, 2007 increased 11.7% to $1,146 million from $1,024 million reported for the twenty-six weeks ended July 29, 2006. Retail store sales by brand were $779 million for Talbots and $161 million for J. Jill.

Total Company comparable store sales declined 4.1% for the six-month period. By brand, comparable store sales for Talbots decreased 4.4% and J. Jill's comparable store sales declined 2.7%.

Consolidated direct marketing sales, including catalog and Internet, for the six-month period increased 26.5% to $206 million from $163 million reported last year.

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