Talbots' New Plan
Hingham, Mass.–based The Talbots Inc. will become a design-led company, according to the company’s new strategic plan, recently announced at its 2008 investors’ meeting. Plans call for streamlining operations and controlling costs and inventories. The company cited growth opportunities within its plus-size Talbots Woman’s division, accessories and shoe businesses, higher-end Talbots Collection division, and its J. Jill retail chain. The company is also looking to develop Talbots Premium Outlets as part of its inventory-management plans. The company said it could open up to 40 outlets in the next three years.
