HINGHAM, MA-Say goodbye to Talbots Kids and Mens. Parent Talbots Inc. will close the chains by September to focus on its core – its namesake womens’ apparel and accessories chains, and J. Jill.

The company will close approximately 78 stores, consisting of 66 Kids units and 12 Mens stores. The decision to exit the childrens’ and menswear business came after a strategic business review announced in October revealed that the concepts “did not demonstrate the potential to deliver acceptable long-term return on investment,” according to a press release. Talbots Kids was founded as a catalog in 1989, and opened its first store the next year. The first Talbots Mens catalog was issued in 2002, with its first store opening in 2003.

“This is a very important strategic move that will greatly contribute to our ability to focus and reinvigorate our core brands and provide sustainable long-term shareholder value,” said Trudy F. Sullivan, president and CEO. “By exiting these concepts, we can focus exclusively on our company’s core strength – the age 35-plus female market, where we believe there is significant opportunity for profitable growth in both our Talbots and J. Jill brands.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.