Talbots is a women’s clothing retailer that was founded in 1947 by Nancy and Rudy Talbot, two entrepreneurial New Englanders with the aim to offerr timeless styles and extraordinary quality clothes to women.
The post-pandemic work-from-home trend has diminished the demand for office wear, and there has also been an increase in e-commerce shopping.
Talbots has been seeing a decline in revenue as well. So these are the reasons why Talbots is closing stores.
Although the company has been seeing a decline in revenue for a few years now, it has managed to dodge bankruptcy.
Talbots, much like other retailers, have been facing the test of time with changing trends and the rise of e-commerce.