The Talbots, Inc. to Broadcast Second Quarter 2008 Earnings Results Conference Call on the Web
August 20 2008 - 2:45PM
Business Wire
The Talbots, Inc. (NYSE: TLB) invites investors to listen to a
broadcast of the Company�s conference call to discuss second
quarter 2008 earnings results. The conference call will be
broadcast live on Wednesday, August 27, 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 868
locations in 47 states, the District of Columbia, and Canada, with
591 locations under the Talbots brand name and 277 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,� �should,�
�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; the success and customer
acceptance of our new merchandise offerings including our fall,
winter and other seasonal fashions and merchandise offerings; 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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