Why is Talbots going out of business?
S&P Global downgraded Talbots deep into junk territory on Thursday as loan deadlines loom and its business faces persistent stress from the COVID-19 pandemic and ongoing troubles in the apparel sector. The ratings agency downgraded Talbots to CCC-, indicating a high risk of default.
Is Talbots Made in USA?
Talbots is an American clothing retailer founded in 1947 that offers a range of casual and everyday clothing styles, shoes and accessories for women in both petite and plus-size ranges. Their clothing is primarily manufactured in countries along Southeast Asia such as China, Bangladesh, India and Pakistan.
Is Talbots a brand name?
As of 2018, the company operated 495 Talbots stores in the United States: 425 core Talbots stores (412 U.S), 65 Talbots Factory Outlets (U.S.) and five Talbots Clearance stores (4 U.S.).
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Talbots.
| Type |
Private |
| Products |
Clothing, shoes and accessories |
| Revenue |
US$ 1.331 billion |
| Owner |
Sycamore Partners |
| Number of employees |
8,737 |
8 more rows
What age group does Talbots target?
Meanwhile, Talbots' core demographic, women ages 55 and older, felt the brand had become too "young." A similar situation occurred at Tiffany, Lejuez said. When the jewelry brand's low-price silver product became popular in Japan in the 1990s, high school students started to wear it en masse.