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The Talbots Inc. Message Board

  • Manuel_Dexterity Manuel_Dexterity Oct 4, 2007 9:14 AM Flag

    Here they come from the east !!!

    Get ready Hingham, the boys from Aeon are now worried about the dividend as as noted below - they will be helping you manage the company. This was from the Aeon earning release.

    Manny

    "Aeon attributed the profit fall to sluggish operations at subsidiaries including women's clothing chain Talbots, supermarket chain Mycal and consumer credit card company Aeon Credit Service Co (8570.T: Quote, Profile, Research).

    Aeon acquired Talbots in 1988 to expand in the world's largest retail market. But the chain has recently fallen on hard times, and Aeon said it would play a bigger role in its management and may close some of its stores.

    "Talbots has about 1,100 stores in the United States, but the limit of a specialty store chain is said to be 800," Aeon Executive Vice President Masaaki Toyoshima told a news conference, adding that some Talbots stores will be converted to J.Jill stores.

    Toyoshima also said Talbots' business model is a few generations older than rivals and thus has a slower merchandising cycle, making it vulnerable to unseasonable weather and other quirks in the market."

 

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