Aggressive markdowns pushed The Talbots Inc. to a $53.3 million fourth-quarter loss and the company said it continued to explore its “strategic alternatives” — corporate speak for looking for a buyer.
The retailer said there was no definitive timetable for its strategic review, which is being conducted with the help of Perrella Weinberg Partners. The Hingham, Mass.-based chain plans to continue shuttering stores and searching for a successor for president and chief executive officer Trudy F. Sullivan as that process winds on.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"