Company Overview of The Talbots Inc.
The Talbots, Inc., together with its subsidiaries, operates as a specialty retailer and direct marketer of women’s apparel, accessories, and shoes in the United States and Canada. The company offers its merchandise under misses, petites, woman, and woman petite sizes, as well as provides accessories, such as jewelry, scarves, handbags, and footwear. It operates retail stores, upscale outlets, and surplus outlets under the Talbots name. As of January 28, 2012, the company operated 517 stores, including 503 stores in the United States and 14 stores in Canada. The Talbots, Inc. also markets its products through its Website, talbots.com, as well as through catalogs. The company was founded in 19...
One Talbots Drive
Hingham, MA 02043
Founded in 1947
Key Executives for The Talbots Inc.
Chief Executive Officer and Chief Financial Officer
President of Direct and Marketing
Chief Information Officer and Senior Vice President
Senior Vice President of Stores
Compensation as of Fiscal Year 2013.
The Talbots Inc. Key Developments
The Talbots Inc. Announces Executive Changes
Aug 7 12
Sycamore Partners has completed its acquisition of struggling retailer The Talbots Inc. The company also appointed a new senior executive team for The Talbots Inc. The new executives include: Michael Archbold, who previously as president and COO of the Vitamin Shoppe is the new CEO/CFO of Talbots. Lizanne Kindler, who previously was EVP of product development at Kohl's Department Stores, is the new president. Archbold replaces CEO Trudy Sullivan, whose plan to retire was announced in December.
The Talbots Inc., Sycamore Partners - M&A Call
May 31 12
To discuss definitive agreement pursuant to which an affiliate of Sycamore Partners will acquire all the outstanding common stock of the Talbots
The Talbots Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 28, 2012; Plans to Close Approximately 110 Locations in 2012
May 25 12
The Talbots Inc. reported unaudited consolidated earnings results for the first quarter ended April 28, 2012. First quarter income from continuing operations was $1.2 million, or $0.02 per diluted share, compared to last year's income from continuing operations of $0.9 million, or $0.01 per diluted share. Adjusted first quarter income from continuing operations was $6.0 million, or $0.09 per share, excluding special items of $4.8 million, or $0.07 per share, compared to last year's adjusted income from continuing operations of $5.3 million, or $0.08 per share. Operating income was $5.6 million, compared to prior year's operating income of $3.2 million. Adjusted operating income, excluding special items of $4.8 million, was $10.5 million, an increase of $2.9 million, compared to prior year's adjusted operating income of $7.6 million. Net sales decreased 8.4% to $275.9 million, compared to $301.3 million in the same period last year, due in part to the impact of store closings in fiscal 2011 as a result of the company's store rationalization plan. Store sales decreased 9.1% to $218.9 million, compared to $240.8 million in the same period last year. Comparable store sales decreased 2.2% in the first quarter of 2012, and exclude stores closed or scheduled to close under the company's store rationalization plan. Income before taxes was $1.011 million, compared to $1.139 million for the last year. Net income was $1.093 million or $0.02 per diluted share, compared to $739,000 or $0.01 per diluted share for the last year. Net cash used in operating activities was $32.334 million, compared to $50.603 million for the last year. Additions to property and equipment were $6.9 million, compared to $9.697 million for the last year.
The company continues to expect to close approximately 110 locations in total and will look to close additional stores opportunistically in 2012. The locations that have closed or are planned for closure contributed approximately $10.1 million in sales and $0.4 million in operating loss in the first quarter of 2012, including $0.8 million in restructuring charges.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|