News

Talbots Sees Loss on Weak Sales

BY CSA STAFF

New York City, Talbots Inc. on Wednesday forecast a loss for its third and fourth quarters, citing weaker-than-expected sales and tight consumer spending.

Talbots said it now expects that same-store sales will fall in mid- to high-single-digits in the six-month period that ends Feb. 2, 2008. Total company sales would fall by about $65 million to $75 million from its previous plan, Talbots said.

“…We remain very cautious in our fourth-quarter outlook, given the continued uncertainty of the economic environment and our difficult earlier trends,” CEO Trudy Sullivan said in a statement.

The company, which has suffered fashion missteps and weak sales for some time, has already announced a strategic review of its business in a bid to drive profit growth.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
News

Yahoo! chief to speak at CES

BY CSA STAFF

LAS VEGAS Yahoo! ceo Jerry Yang has been added to the list of high profile speakers who’ll appear at the 2008 Consumer Electronics Show (CES) scheduled for Jan. 7 to 10 in Las Vegas.

Yang will kick off the Industry Insider Series with an address on Jan. 7 at 11 a.m. at the Las Vegas Hilton Theater. Yang co-created the Yahoo! Internet navigational guide in 1994 and co-founded the company in 1995.

“Jerry Yang co-founded and leads one of the most influential and ground-breaking Internet navigational sites in history, making information instantaneously accessible for consumers across the globe,” said CES president Gary Shapiro. “We look forward to hearing Yang’s views on the evolution of Internet technology and its impact on consumer technology products.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
News

Tesco launches fashion networking site

BY CSA STAFF

LONDON Tesco has jumped on the social networking bandwagon with the launch of “fashionfile,” an online community that enables fashionistas to customize, store and share fashion tips with others.

According to reports, the actual social networking aspect of the program will be available in late November, when users will be able to share tips with friends via the site. Until then, users can upload pictures and information to their personal fashionfile page, which they can view on demand.

In order to promote its new fashion initiative, Tesco is offering vouchers to be used in stores to those who sign up for the program and recommend it to their friends.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...