The Talbots, Inc. to Host Conference Call Commenting on Financing Arrangements and...

The Talbots, Inc. to Host Conference Call Commenting on Financing Arrangements and 2008 Outlook

HINGHAM, Mass.--(Business Wire)--
The Talbots, Inc. (NYSE: TLB) invites investors to a conference
call to discuss the Company's financing arrangements and 2008 outlook.
The conference call will take place on Friday, April 18, 2008 at 9:00
a.m. Eastern Time. 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". Participating in the call
will be Trudy Sullivan, President and Chief Executive Officer, and
other members of the senior management team.

The call, which will last approximately one hour, will also be
broadcast live at www.thetalbotsinc.com/ir/ir.asp. An archive will be
available online shortly after the completion of the call for a period
of twelve months. To listen to a replay of the call, please dial (800)
642-1687 passcode 44416870.

The Talbots, Inc. is a leading international specialty retailer
and direct marketer of women's apparel, shoes and accessories. The
Company currently operates a total of 1,414 stores in 47 states, the
District of Columbia, Canada and the U.K., with 1,139 stores under the
Talbots brand name and 275 stores 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 webcast referred to in this notice will contain
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 made as of the date
of the webcast 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 the webcast, 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 the webcast
which modify or impact any of the forward-looking statements contained
in or accompanying the webcast will be deemed to modify or supersede
such statements in or accompanying the webcast.

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; continued ability to purchase merchandise on
open account purchase terms at expected levels; ability to replace the
Company's 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 to fund cash needs; the Company's ability to reduce any
cash spending if needed; 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; 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 under "Investor Relations" and you
are urged to carefully consider all such factors.

The Talbots, Inc.
Julie Lorigan, 781-741-7775
Vice President, Investor Relations
or
Investor/Media Relations
Berns Communications Group
Stacy Berns/Melissa Jaffin, 212-994-4660

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