By  on April 12, 2012

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.

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