(Adds details on earnings, forecast, NEW YORK to dateline)
NEW YORK Aug 27 Women's clothing retailer
Talbots Inc TLB.N posted a wider quarterly loss on Wednesday,
hurt by aggressive markdowns at J. Jill stores, but affirmed
its full-year earnings forecast from continuing operations.
The retailer of traditional fashions for women reported a
net loss of $25.0 million, or 47 cents per share, compared to a
loss of $13.3 million, or 25 cents per share, a year earlier.
Talbots, which is majority-owned by Japan's Aeon Co Ltd
(8267.T), said its loss from ongoing core operations was 34
cents per share, in line with analysts' average estimate,
according to Reuters Estimates.
Total sales for the quarter, which ended on Aug. 2, fell
7.7 percent to $528.0 million. Same-store sales fell 12
The company said it was planning for same-store sales for
the fall season to range from flat to down slightly from last
year, with Talbots sales about flat and J. Jill sales down at a
low to mid-single-digit rate.
Talbots reaffirmed its outlook for full-year earnings from
ongoing operations, which excludes results and costs associated
with its Talbots Kids, Mens and British businesses, which it is
closing. Its outlook calls for 2008 earnings of 47 cents to 52
cents per share, excluding items.
On a net basis, however, it said it expects earnings of 15
cents to 25 cents per share, up from its prior expectation for
a net loss of 7 cents to 17 cents per share.
(Reporting by Martinne Geller, editing by Maureen Bavdek)