The Talbots, Inc. to Broadcast First Quarter 2008 Earnings Results Conference Call on the Web
May 14 2008 - 4:36PM
Business Wire
The Talbots, Inc. (NYSE: TLB) invites investors to listen to a
broadcast of the Company�s conference call to discuss first quarter
2008 earnings results. The conference call will be broadcast live
on Wednesday, May 21, 2008 at 10:00 a.m. Eastern Time at
www.thetalbotsinc.com/ir/ir.asp. In order to participate in the
conference call, please dial 866-336-2423 approximately 10 minutes
prior to the scheduled time and give the passcode "TLB". The
conference call, which will last approximately one hour, will be
archived online shortly after its completion and will be available
for a period of twelve months. Participating in the call will be
Trudy Sullivan, President and Chief Executive Officer, and other
members of the senior management team. The Talbots, Inc. is a
leading specialty retailer and direct marketer of women�s apparel,
shoes and accessories. The Company currently operates stores in 867
locations in 47 states, the District of Columbia, and Canada, with
595 locations under the Talbots brand name and 272 locations under
the J. Jill brand name. Both brands target the age 35 plus customer
population. Talbots brand on-line shopping site is located at
www.talbots.com and the J. Jill brand on-line shopping site is
located at www.jjill.com. 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,� �achieve,� �plan,� �look,�
�believe,� �anticipate,� �outlook,� �will,� �would,� �guidance,� or
similar statements or variations of such terms. All of the
information concerning our financial outlook (including future
profitability, future comparable stores sales, future earnings and
other future financial performance or operating measures), future
credit facilities, future merchandise purchases, future cash needs,
and other future financial performance or financial position
constitutes forward-looking information. Our forward-looking
statements are based on a series of expectations, assumptions,
estimates and projections about our Company which involve
substantial risks and uncertainty, including assumptions and
projections concerning our internal plan including our budget for
regular-price and markdown selling and operating cash flow for
forward periods. All of our forward-looking statements are as of
the date of this release only. The Company can give no assurance
that such expectations or forward-looking statements will prove to
be correct. Actual results may differ materially from our
forward-looking statements. The Company does not undertake or plan
to update or revise any such forward-looking statements to reflect
actual results, changes in plans, 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 forward-looking information will not be realized.
Any public statements or disclosures by us following this release
which modify or impact any of the forward-looking statements
contained in or accompanying this release will be deemed to modify
or supersede such statements in or accompanying this release. Our
forward-looking statements involve substantial known and unknown
risks and uncertainties as to future events which may or may not
occur, including the following risks: the impact of the continued
deterioration in the U.S. economic environment, including continued
negative impact on consumer discretionary spending, the disruption
and significant tightening in the U.S. credit and lending markets,
recessionary and inflationary pressures, high energy prices, and
declining value of the U.S. dollar; our ability to accurately
estimate and forecast future regular-price and markdown selling and
operating cash flow; achieving the Company�s sales plan for the
year for each of the Talbots and J. Jill brands; achieving the
Company�s operating cash flow plan for the year; successfully
executing the Company�s strategic initiatives, including
anticipated lower inventory levels, expected operating expense and
other cost reductions, the success of the new promotional cadence
for the Talbots brand, reduced markdown exposure and improved gross
margins, the successful closing of the Talbots Kids and Talbots
Mens business concepts and closing of other underperforming stores;
continued ability to purchase merchandise on open account purchase
terms at expected levels; obtaining letter of credit facilities for
merchandise purchases from vendors who require such facilities; the
Company�s ability to obtain any necessary increases in its credit
facilities as may be needed from time to time; the Company�s
ability to reduce spending as needed; and the Company�s ability to
continue to satisfy its financial covenants under its existing debt
agreements. 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 at www.thetalbotsinc.com under �Investor Relations� and you
are urged to carefully consider all such factors.
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