Talbots is an American specialty retailer and direct marketer of
women's clothing, shoes and fashion accessories.
At the end of fiscal 2013, the company operated 495
Talbots stores in
the U.S. and Canada: 425 core
Talbots stores (412 U.S.; 13 Canada), 65
Talbots Factory Outlets (U.S.) and five
Talbots Clearance stores (4
U.S.; 1 Canada). The company's retail operation comprises
approximately 80% of its overall business, with the other 20%
conducted via catalog and internet.[clarification needed]
The first shop, located in Hingham, Massachusetts, was opened in 1947
by Rudolf and Nancy Talbot. In 1948, the
Talbots launched a direct
mail business by distributing 3,000 fliers to names obtained from The
New Yorker magazine. In 1973, they sold the company, consisting of a
growing catalog enterprise and five stores, to General Mills.
The chain was expanded along the U.S. east coast. When General Mills
divested its Specialty Retail Division in 1988,
Talbots was acquired
by JUSCO Co. Ltd. (now ÆON Co., Ltd.).
Talbots announced the closure of all it's stores in Canada in 2018.
Talbots became a public company in 1993 and was traded on the New York
Stock Exchange under the symbol TLB. The New York City-based private
Sycamore Partners acquired
Talbots in August 2012 for $391
million (including debt).
Talbots also had stores for both
men's and children's apparel.
^ Primack, Dan (2012-08-07). "Private equity deals: August 7, 2012".
Finance.fortune.cnn.com. Retrieved 2012-08-15.
^ "The Talbots, Inc. Company Profile", Hoover's
^ "SYCAMORE PARTNERS COMPLETES ACQUISITION OF TALBOTS: Lizanne Kindler
Named CEO , Press release, Sycamore Partners, New York, NY and