The Talbots Inc. on Thursday put its J. Jill brand on the selling block to focus on its core Talbots business, a decision that caused the specialty chain to withdraw its previously announced outlook for the second half of fiscal 2008.
The company, which purchased J. Jill in February 2006 for about $517 million in cash, said it plans to report third-quarter operating results on Nov. 25, when it will provide further details concerning its outlook. The incorporation of J. Jill into Talbots was considered a challenge from the start, but went forward based in part on the two retailers’ mutual focus on the mature 35-and-older woman and their geographical proximity. Talbots is based in Hingham, Mass., and J. Jill was originally headquartered in Quincy, Mass., just seven miles away.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)