(Source: Datamonitor)
The Talbots, a specialty retailer of women's apparel, shoes, and accessories, has reported a net loss of $366.53 million, or $6.85 per diluted share, for the fourth quarter ended January 31, 2009, compared to $171.38 million, or $3.22 per diluted share, in the same quarter of fiscal 2007.
For the fourth quarter of fiscal 2008, net sales were $327.91 million, compared to $427.68 million in the same quarter of fiscal 2007.
For fiscal 2008, net sales were $1.49 billion, compared to $1.71 billion in fiscal 2007. Net loss was $560.66 million, or $10.49 per diluted share, compared to $188.84 million, or $3.56 per diluted share, in fiscal 2007.
Trudy Sullivan, president and CEO of Talbots, said: "Our fourth quarter results were affected by the steep decline in consumer spending resulting from the deterioration in US economic conditions. We are, however, proud of the bold actions we are taking not just to adjust to the economic downturn, but to do so in a way that positions the company to be stronger and better when the recovery occurs."
A service of YellowBrix, Inc.
