Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (352500)	1/4/2008 10:22:35 AM
From: Box-By-The-Riviera™	Read Replies (2) \| Respond to of 436258

thank god

To: Giordano Bruno who wrote (352500)	1/4/2008 10:35:34 AM
From: ldo79	Respond to of 436258

ya - details are telling.......... Talbots to Exit Kids', Men's Clothes, Cut 800 Jobs By Heather Burke Jan. 4 (Bloomberg) -- Talbots Inc., the clothing retailer that lost half its market value last year, will stop selling children's and men's clothing and eliminate 5 percent of its workforce after posting two quarters of losses. The retailer also said fourth-quarter sales at its namesake and J. Jill chains, which target women 35 and older, are below its expectations. Talbots will close 78 men's and children's stores and cut 800 jobs. The moves will reduce annual sales by about $100 million and boost earnings by $13 million to $15 million, the Hingham, Massachusetts-based company said today in a statement. Talbots will focus on bolstering sales at its namesake and J. Jill divisions. Sales at stores open at least a year have fallen for the past year at Talbots, known for tailored suits, blouses and sweaters. The retailer has posted profit declines or losses in the last seven quarters. Talbots began a review of its operations in October and found that men's and children's clothing didn't have the potential to post an ``acceptable long-term return on investment.'' The retailer plans to complete the study in the first quarter of this year. The company will record $5 million in costs before taxes in the fourth quarter and take $34 million to $42 million in expenses in the coming year. Talbots will close 66 kids' and 12 men's stores. Talbots, which operates 1,428 stores, fell 91 cents, or 8.5 percent, to $9.77 at 9:44 a.m. in New York Stock Exchange composite trading. The stock dropped 51 percent last year. The retailer will report fourth-quarter sales on Feb. 7 and earnings on March 12.