The Talbots, Inc., based in Hingham, Mass., has announced total company sales for fiscal February, the four weeks ended March 2, 2002, decreased 10 percent to $84.1 million from $93.6 million for the four weeks ended March 3, 2001.
Comparable store sales decreased 17.7 percent for the month.
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“Our February comparable store sales were as expected, decreasing 17.7 percent for the month versus a solid 9.3 percent increase last year,” said Arnold B. Zetcher, the company’s chairman, president and chief
executive officer. “As previously announced, this month’s performance was significantly impacted by shifting the final markdown of our post-Christmas clearance sale to two weeks earlier, from February last
year into January this year. While this action had a planned adverse effect on the month’s results, it enabled us to enter the spring selling season in a very clean inventory position. Since February is a small,
transitional month, it is too early in the quarter for us to be able to accurately gauge our sales trends. Therefore, we feel the March/April time frame will be a better indication of our spring selling.”
Talbots, a national specialty retailer and cataloger of women’s classic apparel, shoes and accessories, currently operates 804 stores.
For more detailed information, visit the Talbots Web site at www.talbots.com, or call (703) 736-7208 to listen to the monthly sales recording.
