The openings will bring the company's portfolio to 1,128 Talbotsand 241 J. Jill units by the end of the year. Shareholders approvedTalbots $517-million acquisition of J. Jill at the beginning ofthis month, bringing together two clothing chains that target women35 and older.
Currently, the chains have a 75% real estate overlap. J. Jillwill likely be the company's larger growth vehicle in the futuresince it is the smaller of the two, said Arnold B. Zetcher,Talbots' chairman, president and chief executive officer, duringthe company's first-quarter conference call.
Meanwhile, the costs of the merger, in part, are promptingexecutives to expect a loss of 5 cents to 15 cents during thesecond quarter. "2006 will be a dilutive year as we build towardthe future," Zetcher says.
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