Talbots Announces August Total Company Sales Increase of 9%; Comparable Store Sales Increase 2.3%, In Line With Company Expectat
September 01 2005 - 7:30AM
Business Wire
The Talbots, Inc. (NYSE: TLB) today announced sales for fiscal
August, the four weeks ended August 27, 2005, increased 9% to $93.1
million from $85.4 million for the four weeks ended August 28,
2004. Comparable store sales increased 2.3% for the month, as
expected. Year-to-date sales for the thirty weeks ended August 27,
2005 increased 10.0% to $989.2 million from $899.1 million reported
for the thirty weeks ended August 28, 2004. Comparable store sales
increased 5.2% for the year-to-date period. Arnold B. Zetcher,
Chairman, President and Chief Executive Officer, commented, "We are
pleased with our August results, which were in line with our
expectations and marked our ninth consecutive month of positive
comp store sales gains. One of the smallest volume months of the
year, August is also a transitional period in which we complete our
semi-annual sale and transfer the remaining clearance merchandise
to our outlet stores." "Looking ahead, we feel very good about our
merchandise assortments, our inventory levels, and our
comprehensive marketing campaign, including national print and
television advertising, direct mail and a variety of in-store
initiatives. Given these factors, we believe we are well-positioned
for a successful September, which we view as the true start to the
fall selling season," concluded Mr. Zetcher. Talbots is a leading
national specialty retailer and cataloger of women's, children's
and men's classic apparel, shoes and accessories. The Company
operates 1,072 stores - 529 Talbots Misses stores, including 20
Talbots Misses stores in Canada and four Talbots Misses stores in
the United Kingdom; 290 Talbots Petites stores, including four
Talbots Petites stores in Canada; 41 Talbots Accessories &
Shoes stores; 71 Talbots Kids stores; 104 Talbots Woman stores,
including three Talbots Woman stores in Canada; 12 Talbots Mens
stores; one Talbots Collection store; and 24 Talbots Outlet stores.
Its direct segment currently expects to circulate approximately 48
million catalogs worldwide in fiscal 2005. Talbots on-line shopping
site is located at www.talbots.com. For more detailed information,
please visit our website at www.talbots.com, or call (703) 736-7208
to listen to The Talbots, Inc. monthly sales recording. The
foregoing contains forward-looking information within the meaning
of The Private Securities Litigation Reform Act of 1995. These
statements may be identified by such forward-looking terminology as
"expect," "look," "plan," "believe," "anticipate," "outlook,"
"comfortable with," "would," or similar statements or variations of
such terms. All of the "outlook" information (including future
revenues, future comparable sales, future earnings, future EPS, and
other future financial performance or operating measures)
constitutes forward-looking information. Our outlook and other
forward-looking statements are based on a series of expectations,
assumptions, estimates and projections about our Company which
involve risks and uncertainty, including assumptions and
projections concerning store traffic, levels of store sales
including regular-price selling and markdown selling, the success
of our semi-annual sales event, and customer preferences. All of
our outlook information and other forward-looking statements are as
of the date of this release only. The Company can give no assurance
that such outlook or expectations will prove to be correct and does
not undertake to update or revise any "outlook" information or any
other forward-looking statements to reflect actual results, changes
in assumptions, estimates or projections, or other circumstances
occurring after the date of this release, even if such results,
changes or circumstances make it clear that any projected results
will not be realized. Our forward-looking statements involve
substantial known and unknown risks and uncertainties as to future
events which may or may not occur, including effectiveness of the
Company's brand awareness and marketing programs, effectiveness and
profitability of new concepts including the Mens concept,
effectiveness of its e-commerce site, acceptance of Talbots
fashions including its fall and winter 2005 fashions, the Company's
ability to anticipate and successfully respond to changing customer
tastes and preferences and to produce the appropriate balance of
merchandise offerings, the Company's ability to sell its
merchandise at regular prices as well as its ability to
successfully execute its major sale events including the timing and
levels of markdowns and appropriate balance of available markdown
inventory, retail economic conditions including consumer spending,
consumer confidence and a continued uncertain economy, and the
impact of a continued promotional retail environment. In each case,
actual results may differ materially from such forward-looking
information. Certain other factors that may cause actual results to
differ from such forward-looking statements are included in the
Company's periodic reports filed with the Securities and Exchange
Commission and available on the Talbots website under "Investor
Relations" and you are urged to carefully consider all such
factors.
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