BOSTON (Thomson Financial) - Talbots Inc. Thursday reported second-quarter
same-store sales fell 12%, with comparable store sales for Talbots brand down
11.7% and same-store sales for the J. Jill brand falling 13.2%.
Total company sales for the thirteen-week period ended Aug. 2 fell to $528
million from $572 million a year earlier.
By brand, Talbots retail store sales fell to $352 million from $392 million
last year, and J. Jill store sales slipped to $74 million from $80 million a
year earlier.
The Hingham, Mass.-based retailer said second-quarter sales results reflect
"a weak response" to its end-of-season clearance events, which began in June.
For fiscal 2008, Talbots expects adjusted earnings of 47 cents to 52 cents a
share. Analysts polled by Thomson Reuters, on average, forecast profit of 45
cents a share.
Shares closed Wednesday at $14.40.
Casey Logan
cl/tk1
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