TALBOTS ANNOUNCES OCTOBER SALES; Fall Catalog Sales Remain Strong.HINGHAM, Mass.--(BUSINESS WIRE)--November 7, 1996--The Talbots, Inc. (NYSE NYSE
See: New York Stock Exchange :TLB TLB - Translation Look-aside Buffer ) today announced sales for fiscal October, the four weeks ended November 2, 1996, increased 12% to $86.3 million from $77.3 million for the four weeks ended November 4, 1995. Comparable store sales increased 2.3% for the month.
The Company also announced sales for the third fiscal quarter, the thirteen weeks ended November 2, 1996, increased 7% to $247.5 million from $230.5 million for the thirteen weeks ended November 4, 1995. Retail sales were up 8% to $199.2 million from $189.7 million last year. Included in retail store sales was a decrease in comparable store sales of 1.7% for the thirteen-week period. Catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. sales were up 6% to $48.2 million from $45.6 million in the prior year.
Year-to-date Year-to-date (YTD)
The period beginning at the start of the calendar year up to the current date. sales for the thirty-nine weeks ended November 3, 1996 increased 4% to $715.7 million from $686.6 million for the thirty-nine weeks ended August 4, 1995. Comparable store sales decreased 3.8% for the thirty-nine week period. Catalog sales were $129.1 million compared to $129.3 million last year.
Arnold B. Zetcher, President and Chief Executive Officer, commented, "Results from each of our key fall catalogs reflect the continued customer acceptance of our merchandise changes. Store sales performance in October did benefit from the shift in our midseason sale one week later versus the comparable period last year. Nevertheless, customer traffic in our Misses and Petites stores remains a key challenge for us contrasted by our Kids business, which reported a 14.6% comp comp
See comparison. store increase for the month."
Talbots is a leading national specialty retailer and cataloger cat·a·log or cat·a·logue
a. A list or itemized display, as of titles, course offerings, or articles for exhibition or sale, usually including descriptive information or illustrations.
b. of women's classic apparel, shoes and accessories. The Company operates 526 stores - 346 Talbots Misses stores, including 19 Talbots Misses stores in Canada and five Talbots Misses stores in the United Kingdom; 100 Talbots Petites stores, including one Talbots Petites store in Canada; 11 Talbots Accessories & Shoes stores; four Talbots Intimates stores; 55 Talbots Kids stores and 10 Talbots Outlet stores An outlet store or factory outlet is a retail store in which manufacturers sell their stock directly to the public through their own branded stores. The stores can be can be brick and mortar or online. . Talbots majority shareholder is JUSCO Co., Ltd./AEON Group, a Tokyo-based international retail conglomerate conglomerate, in business
conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. .
In compliance with a request from the National Retail Federation, the Company has for comparison purposes adjusted its sales reporting period for October 1995 to the four weeks ended November 4, 1995 from the four weeks ended October 28, 1995.
CONTACT: The Talbots Inc.
Eileen M. Howard, 617/741-7775
Margery Brandfon, 617/741-4019
Christine DiSanto/Caroline Babbitt
Stacy Berns - Media Relations, 212/850-5600