NEW YORK — The Talbots Inc. on Wednesday posted third-quarter results that reflected a decline in income, due mostly to weakness during its mid-season sale event.

For the three months ended Nov. 1, income fell by 7 percent to $34.8 million, or 60 cents a diluted share, from $37.4 million, or 63 cents, in the year-ago quarter. Sales rose 1.6 percent to $408.1 million from $401.8 million. The specialty chain’s retail sales gained 2 percent to $345 million from $339.7 million. Comparable-store sales fell 4.5 percent. Catalogue sales increased 2 percent to $63.2 million from $62.1 million.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus