10 Brands to Disappear in 2013

Talbots

The Talbots is supposed to be taken private by Sycamore Partners for just over $2.75 a share, or $190 million but the offer has been delayed for some reason. Sycamore already has lowered its offer once from $3.05 a share it extended to the company in December. While its shares traded for almost $26 five years back, they now trade for $2.50. In the last quarter, Talbots made only $1 million on $275 million in revenue. The company’s earnings demonstrate clearly the extent to which customers have abandoned Talbots. Its revenue was $2.3 billion in fiscal 2008, a figure on which it lost money. Annual sales are hardly half that now. With the exception of a tiny profit last year, the retailer has lost money every year in the past five.