Talbots Reports Year-End Gains, Plans Online Shopping Launch
For the 13-week period ended Jan. 31, the company, a retailer and cataloger of women's apparel and shoes, reported profits of $8.12 million, or 26 cents a share, vs. a loss of $10.35 million, or 32 cents a share, in the year-ago period. Net sales increased about 7 percent, to $335.37 million, compared with net sales of $312.24 million in the year-ago fourth quarter. Catalog sales in the recent period were $51.4 million, up about 11 percent over year-ago catalog sales of $46.1 million.
The company said its profits for the year totaled $36.67 million, or $1.15 a share, on net sales of $1.14 billion, which is up from profits of $5.84 million, or 18 cents a share, on net sales of $1.05 billion in the preceding year. Catalog sales for the year were $169.2 million, up about 6 percent from sales of $159.2 million a year ago.
In addition to the launch of online shopping, plans for the coming year include the spring introduction of a national TV advertising campaign and the addition of 35-40 new retail stores. The company currently operates 644 stores -- primarily under the Talbots Misses and Talbots Petites brands -- and last year circulated about 53 million catalogs.