“For the Talbots brand specifically, our casual merchandise assortment was not well received by our customer. We had anticipated that July deliveries would be the most challenging of our spring/summer receipts, but our sales trends were even weaker than expected.”
“For the J. Jill brand, we were disappointed that the steady improvement in quarterly comps that we experienced last year, capped off with a positive 1.5% comp in the fourth quarter, did not continue. However, through tighter inventory and expense controls, we did see an improvement in the J. Jill brand's second quarter financial performance compared to a year ago.”
Operating Results for the Six-Month Period: For the six-month period ended August 4, 2007, total consolidated Company net loss was $8.1 million or ($0.15) per share, and includes acquisition related and financing costs of approximately $0.23 per share.
This result compares to net income of $23.5 million or $0.44 per share for the same period last year, which included acquisition related and financing costs of approximately $0.16 per share.
Total consolidated Company sales were $1,146 million for the first half of the year. By brand, retail sales were $779 million for Talbots and $161 million for J. Jill. Consolidated direct marketing sales for the six-month period were $206 million, including catalog and Internet, compared to $163 million last year which included J. Jill results for the period beginning May 3, 2006.
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%.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
