Content about Talbots

June 10, 2013
Former Talbots exec heads to the Wet Seal

The Wet Seal has appointed retail veteran Lesli Gilbert to the position of EVP, stores and operations. She replaces Barbara Cook, who resigned as the company's SVP of store operations in February.

FOOTHILL RANCH, Calif. — The Wet Seal has appointed retail veteran Lesli Gilbert to the position of EVP, stores and operations. She replaces Barbara Cook, who resigned as the company's SVP of store operations in February.

April 24, 2013
Children’s Place CFO Scarpa named COO

Children's Place CFO Michael Scarpa has added COO to his credentials. Scarpa, who oversees finance, information technology, distribution, logistics and wholesale, will add store operations, store development and international to his responsibilities.

SECAUCUS, N.J. — Children's Place CFO Michael Scarpa has added COO to his credentials. Scarpa, who oversees finance, information technology, distribution, logistics and wholesale, will add store operations, store development and international to his responsibilities. Scarpa will continue to report to president and CEO Jane Elfers.

November 26, 2012
The Children's Place appoints new EVP & CFO

The Children's Place has appointed Michael Scarpa as its new EVP and CFO, effective Dec. 3. Scarpa replaces Steven Baginski, who will be leaving the company, effective immediately, to pursue other interests. He will report to Jane Elfers, president and CEO.

SECAUCUS, N.J. — The Children's Place has appointed Michael Scarpa as its new EVP and CFO, effective Dec. 3. Scarpa replaces Steven Baginski, who will be leaving the company, effective immediately, to pursue other interests. He will report to Jane Elfers, president and CEO.

August 7, 2012
Sycamore completes acquisition of Talbots; appoints former Vitamin Shoppe executive as CEO

Private equity firm Sycamore Partners, which has wrapped up its $391 million acquisition of The Talbots, appointed Michael Archbold, formerly president and COO of Vitamin Shoppe, as CEO and CFO of Talbots.

HINGHAM, Mass. — Private equity firm Sycamore Partners, which has wrapped up its $391 million acquisition of The Talbots, appointed Michael Archbold, formerly president and COO of Vitamin Shoppe, as CEO and CFO of Talbots. Archbold, who also served as executive VP and CFO of Saks Fifth Avenue, replaces Trudy Sullivan, who resigned from the CEO’s job after Sycamore completed its acquisition of Talbots late last week.

August 7, 2012
Sycamore completes acquisition of Talbots; appoints former Vitamin Shoppe executive as CEO

Private equity firm Sycamore Partners, which has wrapped up its $391 million acquisition of The Talbots, appointed Michael Archbold, formerly president and COO of Vitamin Shoppe, as CEO and CFO of Talbots.

HINGHAM, Mass. — Private equity firm Sycamore Partners, which has wrapped up its $391 million acquisition of The Talbots, appointed Michael Archbold, formerly president and COO of Vitamin Shoppe, as CEO and CFO of Talbots. Archbold, who also served as executive VP and CFO of Saks Fifth Avenue, replaces Trudy Sullivan, who resigned from the CEO’s job after Sycamore completed its acquisition of Talbots late last week.

July 16, 2012
Talbots buyot extended

TLB Merger Sun, an affiliate of Sycamore Partners, has extended the expiration of its tender offer to acquire all of the outstanding shares of common stock, and the associated stock purchase rights, of The Talbots Inc. for $2.75 per share, net to the seller in cash, without interest, and less any applicable withholding taxes, to 5 p.m., New York City time, on Friday, July 27, unless further extended.

NEW YORK — TLB Merger Sun, an affiliate of Sycamore Partners, has extended the expiration of its tender offer to acquire all of the outstanding shares of common stock, and the associated stock purchase rights, of The Talbots Inc. for $2.75 per share, net to the seller in cash, without interest, and less any applicable withholding taxes, to 5 p.m., New York City time, on Friday, July 27, unless further extended.

June 13, 2012
Sycamore delays Talbots offer by two days

Talbots said private-equity firm Sycamore Partners extended the date of the commencement of its offer to buy the women's apparel retailer by two days.

HINGHAM, Mass. — Talbots said private-equity firm Sycamore Partners extended the date of the commencement of its offer to buy the women's apparel retailer by two days.

Sycamore will now begin its offer for all outstanding Talbots' shares on June 15, Talbots said in a statement.

Back in May, Sycamore raised its takeover offer to $214.6 million.

Talbots said Sycamore had offered to pay $3.05 per share -- slightly higher than the $3.00 per share offer it made in December.

May 29, 2012
Talbots buyout talks with Sycamore end

Talbots said Friday that Sycamore Partners had walked away from negotiations over a proposed $215 million buyout of the retailer.

HINGHAM, Mass. — Talbots said Friday that Sycamore Partners had walked away from negotiations over a proposed $215 million buyout of the retailer. The company, which also reported first quarter results, said it was exploring other strategic alternatives.

May 7, 2012
Sycamore Partners raises offer for Talbots

Talbots said it has received a raised takeover offer of $214.6 million from private equity firm Sycamore Partners.

HINGHAM, Mass. — Talbots said it has received a raised takeover offer of $214.6 million from private equity firm Sycamore Partners. The company also said it entered an exclusivity agreement with Sycamore, which will end on May 15.

Talbots said Sycamore had offered to pay $3.05 per share -- slightly higher than the $3.00 per share offer it made in December.

The board of retailer said it continues to evaluate strategic alternative.

April 13, 2012
Loss widens at Talbots

Talbots' fourth-quarter loss widened to $53.2 million, or 77 cents per share, from last year’s loss from continuing operations of $2.8 million, or 4 cents per share.

HINGHAM, Mass. — Talbots' fourth-quarter loss widened to $53.2 million, or 77 cents per share, from last year’s loss from continuing operations of $2.8 million, or 4 cents per share. 

Fiscal year 2011 loss from continuing operations was $111.8 million, or $1.62 per share, compared with last year’s income from continuing operations of $7.6 million, or 11 cents per share. 

December 20, 2011
Talbots rejects buyout offer from Sycamore Partners

Talbots Inc. has rejected a buyout offer from private-equity firm Sycamore Partners its biggest shareholder, saying the bid “substantially” undervalues the company.

NEW YORK — Talbots Inc. has rejected a buyout offer from private-equity firm Sycamore Partners its biggest shareholder, saying the bid “substantially” undervalues the company. The bid was valued at approximately at $205.2 million.

Sycamore is Talbots biggest shareholder, with a 9.9% in the company. In a statement, Talbots called the proposal inadequate and said it will explore its strategic options to help maximize value for its shareholders. The retailer did not set a deadline for when its review will end.

December 5, 2011
Talbots on hunt for new CEO

It’s official: Talbots Inc. is seeking a new CEO as it works to turn around its struggling business.

HINGHAM, Mass. — It’s official: Talbots Inc. is seeking a new CEO as it works to turn around its struggling business. The retailer said Monday that president and CEO Trudy Sullivan plans to retire as soon as a successor is named.

The company said it has created a search committee of independent board members and hired executive search firm Spencer Stuart to assist in its search.

December 1, 2011
Talbots records sharp Q3 loss amid reports of CEO shakeup

Talbots Inc. reported Thursday a loss of $22 million for the third quarter, compared with a profit of $17 million in the year-ago period.

HINGHAM, Mass. — Talbots Inc. reported Thursday a loss of $22 million for the third quarter, compared with a profit of $17 million in the year-ago period. It was the apparel retailer’s third loss in four quarters. Talbots has posted an annual loss in three of the last four years.

September 7, 2011
Talbots searches for creative leadership to boost sales

Talbots is searching for a new chief creative officer, as the company struggles to find a product assortment that will translate into sales growth.

HINGHAM, Mass. — Talbots is searching for a new chief creative officer, as the company struggles to find a product assortment that will translate into sales growth. The company's current chief creative officer, Michael Smaldone has left the company, effective immediately.

September 7, 2011
Talbots searches for creative leadership to boost sales

Talbots is searching for a new chief creative officer, as the company struggles to find a product assortment that will translate into sales growth.

HINGHAM, Mass. — Talbots is searching for a new chief creative officer, as the company struggles to find a product assortment that will translate into sales growth. The company's current chief creative officer, Michael Smaldone has left the company, effective immediately.

August 24, 2011
Former Chico's chief brings expertise to J.Jill board

J. Jill, a leading multi-channel specialty retailer of women's apparel based in Quincy, Mass., announced that it has appointed Scott Edmonds to its board of directors.

QUINCY, Mass. — J. Jill, a leading multi-channel specialty retailer of women's apparel based in Quincy, Mass., announced that it has appointed Scott Edmonds to its board of directors.

Edmonds most recently was the chairman and CEO of Chico's FAS, where he led the company's growth from $155 million in sales and 200 locations to $1.5 billion and 1,076 locations over a ten year period.

August 3, 2011
Talbots adopts poison pill on word of looming buyout

Talbots said on Tuesday that its board of directors has adopted a shareholder rights plan -- or a poison pill -- to protect its stockholders after a private equity firm disclosed it had acquired a sizeable stake in the company.

NEW YORK — Talbots said on Tuesday that its board of directors has adopted a shareholder rights plan -- or a poison pill -- to protect its stockholders after a private equity firm disclosed it had acquired a sizeable stake in the company.

On Monday, Sycamore Partners LP revealed it had acquired a 9.9% stake in Talbots and said it planned to attempt to talk with the retailer about strategy and operations.

Reports put Talbots’ market value at $288 million, and suggest a buyout would exceed $400 million.

June 9, 2011
Talbots names SVP stores

Talbots announced that it has named Lesli Gilbert SVP stores, effective June 27.

HINGHAM, Mass. — Talbots announced that it has named Lesli Gilbert SVP stores, effective June 27. In this role, Gilbert will be responsible for overseeing all aspects of Talbots core retail operations in the United States and Canada, as well as supporting the implementation of the company’s store reimage and rationalization programs. She will report directly to Trudy Sullivan, president and CEO of the Talbots.

June 8, 2011
Clearance sales coming at Talbots

The number of planned store closures at Talbot’s was bumped to 110 units recently when the company reported disappointing first-quarter results and indicated most of the underperforming units would close during the second half of the year.

The number of planned store closures at Talbot’s was bumped to 110 units recently when the company reported disappointing first-quarter results and indicated most of the underperforming units would close during the second half of the year.

June 7, 2011
Talbots 1Q income improves, but sales fall

Talbots reported that first quarter income from continuing operations was $0.9 million, or 1 cent per share, compared with last year’s loss from continuing operations of $7.1 million, or 12 cebts per share.

HINGHAM, Mass. — Talbots reported that first quarter income from continuing operations was $0.9 million, or 1 cent per share, compared with last year’s loss from continuing operations of $7.1 million, or 12 cents per share.

March 24, 2011
Talbots posts smaller-than-expected Q4 loss, accelerates remodels

Talbots reported Thursday a narrower-than-expected fiscal fourth-quarter loss, and said it plans to expand its store re-image program to improve traffic.

HINGHAM, Mass. -- Talbots reported Thursday a narrower-than-expected fiscal fourth-quarter loss, and said it plans to expand its store re-image program to improve traffic. The chain also it expects to close as many as 100 stores over the next two years.

Talbots lost $2.8 million in the quarter ended Jan. 29, compared with a loss of $1.5 million in the year-ago period.

Net sales fell 7.4% to $292.6 million, compared with $315.9 million in the same period last year. Same-store sales dropped 7.3%.

February 25, 2011
Talbots unveils new store design

The Talbots unveiled its new store design at the Westfield Garden State Plaza in Paramus, N.J.

HINGHAM, Mass. -- The Talbots unveiled its new store design at the Westfield Garden State Plaza in Paramus, N.J.

The 5,500-sq.-ft. store has an upscale, residential feel, with a layout of five individual rooms for different merchandise stories.

Talbots chief creative officer Michael Smaldone collaborated with Robin Kramer of Kramer Design Group on the space.

February 11, 2011
Key Talbots executive leaving

Talbots said in a regulatory filing that key executive John Fiske is leaving the company.

HINGHAM, Mass. -- Talbots said in a regulatory filing that key executive John Fiske is leaving the company.

Fiske, 46, was named the chief stores officer of the company in March 2009 after serving as a human resources executive. He was part of a management team that was put in place to improve business results.

Talbots has been struggling in its turnaround efforts. The company cut its guidance last month after a weak holiday shopping season.

December 6, 2010
Talbots 3Q income down

Talbots reported that third quarter income from continuing operations was $17 million or 24 cents...

December 6, 2010
Talbots 3Q income down

Talbots reported that third quarter income from continuing operations was $17 million or 24 cents...