By and  on October 6, 2010

Shares of women’s specialty chain The Talbots Inc. dropped 14.6 percent Tuesday to $10.71, after the retailer of classic women’s apparel lowered its third-quarter revenue guidance.

Citing inconsistent traffic patterns at its stores, the Hingham, Mass.-based retailer now expects third-quarter sales to fall by a low-single-digit percentage. According to chief executive officer Trudy F. Sullivan, the decline is a “reversal of the improving trends we saw in the first half of the year [although] sales in our direct business continue to trend positive quarter-to-date.”

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus