Talbots to close Cape store in January
Talbots, 201 S. Mount Auburn Road, will close its doors in early January. The specialty retailer of women's apparel, shoes and accessories opened in Cape Girardeau in 2006. Currently, all merchandise is 25 percent off. More than 80 Talbots stores are expected to close in fiscal year 2011, according to a company news release. The company, based in Hingham, Mass., has closed 15 stores in the first six months of this fiscal year. About 25 stores are planned for closure in fiscal year 2012 and about two stores are planned to close in fiscal year 2013. According to its second-quarter financial statements, the company's loss from continuing operations was $37.4 million, or $0.54 per share, compared to last year's income from continuing operations of $0.5 million or $0.01 per share.