Quarterly sales for the company also rose 3% to $486.2 million,due largely to tighter controls on inventory which allowed thehigh-end clothing retailer to sell more of its lines at full price.Company officials said direct marketing sales were also up 3%during the period and quarterly sales at stores open at least ayear increased by 1.6%.
For 2005, annual earnings dropped to $93.2 million, or $1.72 pershare, from $95.4 million, or $1.70 per share, in 2004, even thoughsales for 2005 were up 7% and same store sales increased 2.6%. Thecompany had sales of $1.81 billion last year.
Also showing strong yearly gains was the company's directmarketing business, which grew 9% during 2005 to set a three-yearprofitability record, the company said. Helping those numbers was a28% increase in sales related to Talbots internet operation.
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