Seeking to reassure investors, Talbots Inc. said it is on track to meet its goals this year and has sufficient funding.
Two days after the disclosure that Bank of America and HSBC were pulling lines of credit, chief executive officer Trudy Sullivan said during a conference call to Wall Street on Friday that the Hingham, Mass.-based specialty retailer is on track to achieve its strategic plan. She said a total of $165 million in lines of credit would be enough to fund working capital requirements.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)