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Talbots to Close up to 100 Stores by 2013; Will Hamilton's Store be on the List?

The woman's retailer Talbots announced on Tuesday it plans to close up to 100 of its 580 store in the next three years.

Talbots, the women's clothing retailer that has a store in downtown Hamilton, announced today it will close 75 to 100 stores by the end of 2013.

The Hingham-based company made the announcement in a press release issued on Tuesday morning. It didn't say exactly which stores it planned to close and didn't say whether the Hamilton store is on that list.

The company said it would expiring leases and renewal dates to time the store closures.

Nationwide, the company has 580 stores, including stores in the North Shore Mall in Peabody and in Newburyport.

The company, which is public, also lowered its third quarter and full year revenue forecasts, saying now it expects 2010 revenue to increase by about 1 percent.

Steven LeVine August 03, 2012 at 11:39 PM
No sizzle no style no interest in shopping where the merchandise is old looking with nothing and not comfortable. Guys you better look for a new direction or it isnt going to work. Companies with money and style today arent even working in this economy. Look at Chicos it doesnt even rank among cool to shop at anymore. Look At. Sycamore Partners you didnt do your homework just like the rest of the players in your business. Name them like JC Penney Pershing Sq. Yahoo new CEO Good Luck I know this business from years with major Wall Street companies and working with the banks to get them out of the mess. S Levine

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