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January 4, 2008
Talbots to close some kids', men's stores, restructure
Talbots Inc., the retailer with several stores in Rhode Island, said this morning it will close 78 of its kids' and mens' stores by September, eliminating 800 jobs.
Talbots, which has 1,000 stores nationwide, did not dislcose which stores would close. The stores in Rhode Island, in Barrington, Providence and Cranston, are general merchandise Talbots stores, and not the speciality men's and children's units that Talbots runs.
The company said it is restructuring to focus more on its core customer — women who are 35 years old or older, and also said its fourth-quarter sales so far were trending lower for both its Talbots and J.Jill brands.
-- Journal Business Editor John Kostrzewa
Posted by Jack Perry
at 9:40 AM | Permalink
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