Sterne Agee Comments On Talbots Investor Meetings

According Sterne Agee, Talbots TLB was at an investor meeting. Sterne Agee said that it hosted a lunch yesterday afternoon with TLB management including CEO Trudy Sullivan and CFO/COO Michael Scarpa. “They provided color on the merchandise misses in Q1 – namely that the knits and sweaters, which comprise a combined 40% of the assortment, were made of fabric that was too sheer (and construed as “cheap” by the customer) and that they were lacking in print and pattern.” Talbots closed yesterday at $3.22.