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.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus