By and  on November 25, 2008

Retailers catering to Baby Boomer women couldn’t escape the crushing pressure of the economic downturn. Chico’s FAS Inc., The Talbots Inc. and Charming Shoppes Inc. all reported declines in third-quarter profitability.

Chico’s posted a large drop in profits, and Talbots and Charming Shoppes posted wider losses for the period. However, with Talbots reporting that it would convert $125 million in working capital lines of credit to committed facilities upon completion of due diligence, its shares soared 25.5 percent to $2.66.

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