Clothing Chains, Including Talbots, Are Closing Stores, Starting Monday (2024)
Shopping is a polarizing topic—for some it's a stress reliever (they don't call it "retail therapy" for nothing) and for others it's nothing more than a chore. We all have our preferences for how we go about it, whether that's in-store or online, but when it comes to clothes shopping, even devout online shoppers may like to browse in person. You can test out the fit and feel before committing to a purchase—and avoid those pesky return fees that more and more retailers are cashing in on. But now, some clothing chains are closing locations, meaning you could be out of luck the next time you need to pick something up in a pinch. Read on to find out more about these upcoming closures, starting Monday.
Loyal Talbots shoppers will be losing a location in Providence, Rhode Island, Providence Business News reported. The store is in Providence Mall, and will have its final day on Monday, Jan. 23, a spokesperson for Talbots told the outlet.
According to the spokesperson, the clothing store's lease is up at the end of January, and the company has chosen not to renew it. The closure was "mutually agreed upon," the spokesperson told Providence Business News.
Thankfully, local residents who love the "modern classic" styles touted by Talbots can visit three other stores in Rhode Island, in Barrington, Cranston, and Newport.
Best Life reached out to Talbots for comment, but has yet to hear back.
Banana Republic is also shuttering a location.
The Banana Republic at Woodland Mall in Kentwood, Michigan, is closing as well, just a day after Talbots on Jan. 24. The store has been a mainstay at Woodland for almost 20 years, Lisa Taylorof Sabo PR, which represents the mall, told MLive.com.
A spokesperson for Banana Republic confirmed the closure in a statement to Best Life, noting that plans are in line with those set forth three years ago.
"We continue to thoughtfully analyze our real estate strategy to support the best path forward. In October 2020, Gap Inc. shared plans to close approximately 350 of Gap and Banana Republic stores across North America by the end of 2023, with the goal of having a smaller and healthier fleet of stores," the spokesperson said. "I can confirm that the Banana Republic at Woodland Mall in Kentwood, MI will be closing, and the closure of this location is in support of these efforts."
This closing isn't isolated, as Banana Republic is shuttering stores in Harrisburg, Pennsylvania, and Stamford, Connecticut, on Jan. 24, as well. On Wednesday, Jan. 18, a location in Chicago also closed to customers. These closures are also part of the plans laid out in 2020, a spokesperson previously toldBest Life.
Mikia Ross, interim senior marketing director for Woodland Mall, told MLive.com that the mall is "sad to say goodbye to Banana Republic," but didn't provide details on what might replace the retailer. However, Ross did state that the mall is "optimistic about the future" and grateful for the opportunity to "welcome a new face" to its retail lineup.
While larger chains can cut back on stores and still stay afloat, smaller businesses don't have the same luxury. Unfortunately, The Style Wherehouse, a clothing consignment shop in Alpena, Michigan, is closing for good.
"Dear patrons, It is with mixed emotions that we have made the decision to close our doors at The Style Wherehouse," the retailer wrote on Facebook on Jan. 6. "First we would like to thank everyone who has shown support to our business over the years. Whether it was a kind word, a liked post, passing a good word about our store, each purchase made, and every prayer sent our way. We appreciate you all!"
The post also extended thanks to past and present employees and confirmed that the store will stay open until the end of January, offering discounts on merchandise. Store owner and manager JessicaKrueger—who purchased the store from original owner Brian Winter—told WBKBTV that money and general upkeep led to the closure.
"It's a lot of work keeping employees, keeping the bills paid, keeping new faces coming in, that was part of it. We had a very slow fall and winter season this year, much different from last year, so that kind of determined when we were going to close," she said.
The store's last day open to the public is Jan. 28, then open by appointment only, WBKBTV reported.
One retailer already closed up shop.
Earlier this week, another big-name chain—Abercrombie & Fitch—closed a store at Kenwood Towne Center in Cincinnati. The company notified the Ohio Department of Jobs & Family Services (ODJFS) on Jan. 12, writing that it is "closing some of its stores as a result of a significant downturn in business and a resulting corporate-wide reorganization," the Cincinnati Enquirerreported.
A company spokesperson for Abercrombie & Fitch confirmed that the store officially closed on Jan. 15, but somewhat contrary to its filing with the ODJFS, they also had good news.
"We are pleased to share that we plan to open a new Abercrombie & Fitch store at Kenwood later this summer," the spokesperson told Best Life. "Until then, we encourage our customers to shop online at abercrombie.com."
According to the spokesperson, the clothing store's lease is up at the end of January, and the company has chosen not to renew it. The closure was "mutually agreed upon," the spokesperson told Providence Business News.
Talbots. Women's clothing store Talbots is among apparel retailers at risk. The company is facing sector challenges, as many consumers have turned away from malls amid the pandemic. Talbots doesn't have much cash on hand, and it's debt is coming due soon, analysts said.
(doing business as Talbots and stylized as TALBOTS) is an American specialty retailer and direct marketer of women's clothing, shoes and fashion accessories.
23, a spokesperson for Talbots told the outlet. According to the spokesperson, the clothing store's lease is up at the end of January, and the company has chosen not to renew it. The closure was "mutually agreed upon," the spokesperson told Providence Business News.
Talbots is making great strides to become a cult brand for women between the ages of 45 to 65 years old and right now it is focusing on reclaiming its brand DNA and sense of style.
The J.Jill Group Inc., purchased by The Talbots, Inc., in 2006, is an upscale specialty marketer of women's apparel, accessories, and gifts under the J. Jill brand. It uses multiple distribution channels to market its wares, including its catalogs, retail stores, and web site.
Talbots' parent company Sycamore Partners recently purchased the Ascena Retail Group Inc., which owns Ann Taylor, Loft, Lane Bryant and Lou & Grey, for $540 million.
General Mills acquired Talbots in 1973 and gave it the financial backing for a store expansion into 25 states. Japanese retailer AEON acquired Talbots in 1988 and continues to hold majority ownership.
Sycamore Partners is a private equity firm based in New York specializing in retail and consumer investments. The firm has approximately $10 billion in aggregate committed capital.
Hingham is a town in metropolitan Greater Boston on the South Shore of the U.S. state of Massachusetts in northern Plymouth County. At the 2020 census, the population was 24,284. Hingham is known for its colonial history and location on Boston Harbor.
In 2006, J. Jill was acquired by rival retailer The Talbots, Inc., ceasing to be a publicly traded company; Talbots topped Liz Claiborne in a "bidding war" for ownership of J. Jill, paying US$517 million for the brand.
The reality of the fashion market is that very respectable, though not true 'luxury' brands like Talbots, Liz Claiborne and Ann Taylor are delivering an investment in fashion that is most highly regarded by affluent customers loyal to these brands.”
Most shoppers likely associate Chico's with baby boomers and Generation X, given the company's marketing frequently features immaculately groomed models over the age of 30. But you may be surprised to learn the apparel retailer has been steadily gaining a following among millennials and Gen Z.
The retailer says its clothing is aimed at a 35-50 age range, but most women would probably scale that to an older range. As it seeks financing and works on paring down in hopes of turning itself around, Coldwater Creek may also want to revamp its advertising approach to match its true demographic, or vice versa.
In June 2014, Sycamore Partners, owner of brands including Talbots, Nine West, and Stuart Weitzman, purchased Coldwater Creek's intellectual property (use of the name, logo and customer list) through CWC Direct LLC, and opened new headquarters in Hingham, Massachusetts.
I recall going to Talbot's with my grandmother as a youngster and even then it was categorized as 'the old lady store'. Yup, that is where all the older but fashionable women went before a night out a the jazz club with their husband's.
Talbots is a leading retailer of classic apparel and accessories, known for providing gracious service and a quality selection of timeless wardrobe essentials. Talbots Outlet stores continue those traditions while offering a range of new styles designed exclusively for us in Misses, Petite and Woman sizes.
J.C. Penney's competitors and similar companies include Burlington Stores, Macy's, Target and Kohl's. J. C. Penney is a department store chain. Macy's is a retail company that sells apparel, accessories, cosmetics, home furnishings, and other consumer goods. Target is a general merchandise retailer.
There are a total of 493 talbots locations in United States as of May 02, 2021 The city with the most number of Talbots locations in the United States is Beach with 8 locations, which is 2% of all talbots locations in United States.
We encourage you to come visit and shop with us in store. We want to see you! Additionally, our sister brand, Lane Bryant, is available and happy to serve you in store and online. We urge you to see their latest collections and how their style fits you.
"There's really something for everything at Loft," Horowitz said, "that we don't specifically target [anyone, like,] 'we have to get the 25 to 34 year olds. ' It's really about that connection with her at an individual level." "Her" is the Loft girl.
Starting a Tradition in Hingham, Massachusetts in the 1940s
The couple stocked their store with classic women's apparel. In their first year in business, sales totaled $18,000. During their second year in business, the Talbots branched out from in-store retailing and launched a catalog operation.
The company got its start in New England in 1947 and remained a small regional chain for nearly 30 years before it was purchased by General Mills, which undertook its nationwide expansion. In the late 1980s, Talbots was sold to a Japanese retail conglomerate, which funded further growth for the company.
What Major Brands Does General Mills Own? General Mills brands includes Annie's, Betty Crocker, Nature Valley, Yoplait, Pillsbury, Haagen-Dazs, and Blue Buffalo.
The employee discount is 50%, and up to 60% during brand moment events. 50% off of regular priced items, 60% off of new arrivals (limited time), no discount on markdowns/clearance. Sales and employee discounts do not stack!
The employee discount is 60% off regular priced merchandise until the week before a new floor set. It is 60% off of everything else unless there is a sale which makes the original price more than 60% off already. Discounts are not stackable with sales. 50-60% depending on the sale cycle.
The average commission rate for sales sits somewhere between 20% and 30% of gross margins, but this depends on the sales structure. Some workers may earn their whole salary through 100% commission, while others earn 10% on top of a base salary.
Company Profile: Talbots is a leading omni-channel specialty retailer of women's clothing, shoes and accessories. Established in 1947, the company is known for modern classic style that's both timeless and timely, fine quality craftsmanship and gracious service.
Ascena Retail Group, Inc., is an American retailer of women's clothing. Ascena also owns Lane Bryant clothing store brand, and is the parent company of Ann Inc., operator of Ann Taylor and Loft stores.
Luxe fabrics, wardrobe staples, and unique yet very wearable pieces make Soft Surroundings a great shopping destination for women over 40 who desire chic yet comfy attire for home, weekend, and the workplace.
What's behind these high prices? One reason is that many of the items in a Banana Republic clothing store are made with high-quality materials. For example, a shirt made from cotton will wear better and be less likely to shrink in the wash than a shirt made from synthetic fabric.
Talbots. Women's clothing store Talbots is among apparel retailers at risk. The company is facing sector challenges, as many consumers have turned away from malls amid the pandemic. Talbots doesn't have much cash on hand, and it's debt is coming due soon, analysts said.
During the first three quarters of 2020, Talbots' revenue fell by 40 percent, the agency found, promoting the retailer to take “aggressive action” to preserve cash.
Talbots is making great strides to become a cult brand for women between the ages of 45 to 65 years old and right now it is focusing on reclaiming its brand DNA and sense of style.
While JILL may never be a top-tier luxury brand, too much discounting can make its brand seem less upscale. And finally, a lot of discounting, especially immediately, conditions customers to expect discounts, and to want more discounts.
Sycamore Partners is a private equity firm based in New York specializing in retail and consumer investments. The firm has approximately $10 billion in aggregate committed capital.
It's a relatively expensive brand and has a much sleeker product line as compared to other specialty retailers. Ann Taylor has a specific target market of affluent female buyers in the age group of 25-50 years, which justifies its small presence (in terms of stores) in the U.S.
Return Policy. If for any reason you are not happy with your Talbots or Haven Well Within purchase, we will accept returns and exchanges of ticketed, unworn, unwashed, or defective merchandise, and unopened, unused products such as fragrance, candles, etc. with a valid receipt within 60 days of purchase.
Introduction: My name is Gregorio Kreiger, I am a tender, brainy, enthusiastic, combative, agreeable, gentle, gentle person who loves writing and wants to share my knowledge and understanding with you.
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