Talbots will close 83 stores by the end of the year and a total of 110 stores by the end of 2013 as part of its cost reduction program. The program is intended to generate approximately $50 million in annualized cost savings by the end of fiscal 2012....
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Talbots on Hunt for New CEO
December 6, 2011
From Retailing Today
Talbots is seeking a new CEO as it works to turn around its struggling business. The retailer said that President and CEO Trudy Sullivan plans to retire as soon as a successor is named.
Troubled Talbots Cuts More Jobs, Halts Ads
December 2, 2011
From The Boston Globe
Talbots is slashing another 100 jobs at its Hingham, Mass. headquarters, abruptly suspending its national advertising campaign, and reportedly looking for new leadership after years of a failed turnaround.