91 065
Fashion Jobs
SALLY BEAUTY CORPORATE
146 - District Manager - Utah And/OR Pacific Northwest
Permanent · SALT LAKE CITY
SALLY BEAUTY CORPORATE
146 - District Manager - Utah And/OR Pacific Northwest
Permanent · SALT LAKE CITY
URBN
Anthropologie Design Director
Permanent · PHILADELPHIA
SACK OFF 5TH
Merchandise Planner, Women’s Core/Trend/pl Shoes
Permanent · NEW YORK
HUGO BOSS
Employee Relations Specialist
Permanent · DALLAS
AMERICAN EAGLE OUTFITTERS
ae - Merchandise Leader (Part-Time) - us
Permanent · EDINBURGH
AMERICAN EAGLE OUTFITTERS
Aerie - Merchandise Leader (Part-Time) - us
Permanent · WICHITA
AMERICAN EAGLE OUTFITTERS
ae - Merchandise Leader (Part-Time) - us
Permanent · VACAVILLE
AMERICAN EAGLE OUTFITTERS
Aerie - Merchandise Leader (Part-Time) - us
Permanent · PITTSBURGH
AMERICAN EAGLE OUTFITTERS
ae - Merchandise Leader (Part-Time) - us
Permanent · AURORA
AMERICAN EAGLE OUTFITTERS
Aerie - Merchandise Leader (Part-Time) - us
Permanent · PENSACOLA
BANANA REPUBLIC
General Manager - Mountain Grove
Permanent · REDLANDS
OLD NAVY
Asset Protection Service Representative - Canyon Ridge
Permanent · KENT
NEWELL
Manager, Shopper Insights
Permanent · ATLANTA
NEWELL
Senior Brand Manager, Rubbermaid
Permanent · ATLANTA
QURATE RETAIL GROUP
Area Manager- Fulfillment Center, Days
Permanent · FLORENCE
QVC
Area Manager- Fulfillment Center, Nights
Permanent · SUFFOLK
HENKEL
Account Manager
Permanent · DALLAS
ROSS
Senior Director, Fixture Design And Purchasing
Permanent · DUBLIN
ROSS
Manager, Finance
Permanent · FORT MILL
ROSS
Director, Store Strategy & Method Improvements
Permanent · DUBLIN
TOMMY BAHAMA
Solutions Architect
Permanent · SEATTLE
By
Reuters
Published
Jan 6, 2009
Reading time
2 minutes
Download
Download the article
Print
Text size

Talbots shares jump after it secures committed credit

By
Reuters
Published
Jan 6, 2009

NEW YORK, Jan 6 (Reuters) - Talbots Inc (TLB.N) shares jumped 24 percent on Tuesday, a day after the women's apparel retailer said it entered into agreements with three banks to secure a total $150 million in committed lines of credit.


Talbots "Petite"

Talbots said it agreed with Mizuho Corporate Bank Ltd [MZFGAI.UL], Sumitomo Mitsui Banking Corp and the Norinchukin Bank to convert each of their existing uncommitted working capital lines of $75 million, $50 million, and $25 million, respectively, to committed lines.

Including Talbots' existing $50 million committed facility with Aeon (U.S.A.) Inc, a unit of Japan's Aeon Co Ltd, the apparel chain said it has secured $200 million of its $215 million total working capital borrowing capacity. The company, which is majority-owned by Aeon Co, said it is currently in discussions with a fourth lending bank to convert the remaining $15 million uncommitted facility to a committed facility.

Talbots, whose namesake brand sells classic fashions to women over 35, is trying to sell its underperforming J. Jill clothing brand. Like other apparel chains, Talbots' sales have been hurt by the deepening economic crisis, which has led consumers to cut back on nonessential purchases. Talbots shares were up 56 cents at $2.90 on the New York Stock Exchange in morning trade.

(Reporting by Martinne Geller)

((Reuters Messaging: [email protected];

(646) 223-6023)) See here for Reuters holiday coverage and blogs.reuters.com/shop-talk/ for Shop Talk -- Reuters' retail and consumer blog. Keywords: TALBOTS/SHARES

(C) Reuters 2009. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nN06423432

© Thomson Reuters 2024 All rights reserved.