Talbots Second-Quarter Net Loss Widens
Women's apparel retailer Talbots posted a wider quarterly net loss Wednesday, hurt by weak sales and costs related to its acquisition of the J. Jill chain.
Talbots posted a net loss of $13.3 million, or 25 cents per share, for the fiscal second quarter ended Aug. 4, compared with a loss of $3.9 million, or 7 cents per share, a year earlier.
The latest results include acquisition-related and financing costs of 10 cents per share, the company said.
Earlier this month Talbots said it expected to report a net loss of 25 cents to 27 cents per share, surprising analysts, who had been expecting a profit of 2 cents per share.