“(Reuters) – Women’s clothing retailer Talbots Inc (TLB.N) warned its revenue would fall for the fifth straight quarter even as heavy discounting shrinks its margins, and its shares tumbled 25 percent before the markets opened.
Like most clothes retailers, Talbots is having a tough time juggling high costs of raw materials and gasoline with the need to discount heavily to keep customers interested.
An unseasonably cold weather also added to its troubles.”
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