Talbots

Talbots Inc.

Type	Private
Industry	Fashion
Founded	Hingham, Massachusetts (1947)
Founder	Rudolf and Nancy Talbot
Headquarters	Hingham, Massachusetts, United States
Number of locations	517 (February 2012)[1]
Key people	Lizanne Kindler CEO
Products	Clothing, Shoes and Accessories
Owner	Sycamore Partners
Number of employees	9,000+
Website	www.talbots.com

Talbots store in Hudson, Ohio

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 (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.

History

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. They sold the company, consisting of a growing catalog enterprise and five stores, in 1973 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 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 equity firm Sycamore Partners acquired Talbots in August 2012 for $391 million (including debt).^[2][3][4]

References