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Talbots 4Q loss widens on higher charges

By Associated Press

 |   

  April 13, 2012

Talbots Inc.’s fiscal fourth-quarter loss widened on higher charges as the women’s clothing chain took aggressive markdowns and promotions during the period. It provided a first-quarter revenue forecast below Wall Street’s expectations. Hingham-based Talbots also said Thursday that it continues to explore its strategic options after rejecting an approximately $205.2 million buyout bid in December from a private equity firm that is its biggest shareholder.

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