The Talbots Inc. reported net income of 29.4 million for its first quarter, down from $35 million last year.
The cataloger and retailer posted net sales of $395 million for the quarter ended May 4, up 1% to from $391.3 million last year.
The Hingham, MA firm’s catalog sales were $65.8 million, off 5% from $69.6 million last year.
“The effect of February’s severe weather resulted in a significant drop in sales, which we did not expect to recapture by the end of the period,” said CEO Arnold B. Zetcher in a statement.
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