The business is cutting about 80 positions in the first quarter.
The results were impacted by costs associated with the retailer’s acquisition last March by TPG Capital L.P. and Leonard Green & Partners L.P.
Talbots will focus on a cost reduction initiative, while Charming will shed its Fashion Bug nameplate as part of a strategic review.
In perhaps a further sign the apparel firm might be slowing its pace of purchases, Stephen Walmsley is also gearing up to leave, according to sources.
Topics included market drivers and successful social media campaigns.
Anna Wintour co-hosted a party for Annie Leibovitz’s new book at Pace Gallery on Wednesday.
All the guests, including Emily Blunt, Hilary Duff, Felicity Jones and Andrea Riseborough, had gifts under the Christmas tree.