The company also said its fourth-quarter sales so far were trending lower for both its Talbots and J. Jill brands. Talbots said it will close 66 Talbots Kids stores and 12 Talbots Mens stores in a move that will affect about 800 full- and part-time jobs, or about 5% of the total Talbots workforce, the company added.
Is Talbots in financial trouble?
S&P Global downgraded Talbots deep into junk territory on Thursday as loan deadlines loom and its business faces persistent stress from the COVID-19 pandemic and ongoing troubles in the apparel sector. The ratings agency downgraded Talbots to CCC-, indicating a high risk of default.22 Jan 2021
Was Talbots sold?
Women's apparel retailer Talbots (NYSE:TLB) announced Thursday an agreement to be acquired by Sycamore Partners for approximately $193.3 million in cash, much lower than the private equity firm's earlier offer.
Who owns Talbots now?
Sycamore Partners
What stores are owned by Talbots?
Talbots is owned by the private equity firm Sycamore Partners, the owner of teen retailer Hot Topic and women's footwear firm Nine West.
What is the difference between Talbots and Talbots Outlet?
Can anyone tell me the difference between a Talbots Clearance store and an Outlet Store? Yes, the outlet stores carry the "outlet line" which is sort of a lesser, cheaper line than the regular stores. Its very similar to an Ann Taylor outlet.
Is Talbots an old lady store?
I recall going to Talbot's with my grandmother as a youngster and even then it was categorized as 'the old lady store'. Yup, that is where all the older but fashionable women went before a night out a the jazz club with their husband's.16 Mar 2011
Is Talbots going out of business 2021?
Talbots will close 78 kids' and men's stores by September and discontinue those businesses as part of a bid to focus more on its core customer — women 35 and older. The retailer said the decision to close the brands was part of the company's strategic business review first announced in October.