Talbots Inc. said Monday that it had agreed to acquire women's apparel retailer J. Jill Group Inc. for about $517 million, trumping an earlier unsolicited offer from Liz Claiborne Inc., which said it wasn't inclined to sweeten its bid.7 Feb 2006
Why is Talbots going out of business?
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.
Are Chico's and Talbots the same company?
Talbots, which is majority owned by Japan's Aeon Co AEOM. Same-store sales fell 13.9 percent at Talbots and 13.4 percent at Chico's. Earlier this month, Talbots withdrew its earnings outlook as it announced that it was trying to sell its underperforming J.25 Nov 2008
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
Where is the headquarters for Talbots?
Hingham, Massachusetts, United States
How is Talbots doing financially?
Talbots's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. It is classified as operating in the Women's Clothing Stores industry.17 Jan 2022
Is Talbots in trouble as a retailer?
Talbots. Women's clothing store Talbots is among apparel retailers at risk. The company is facing sector challenges, as many consumers have turned away from malls amid the pandemic. Talbots doesn't have much cash on hand, and it's debt is coming due soon, analysts said.11 Apr 2021