Dogged by heavy markdowns in its J. Jill and core operations, the Talbots Inc. posted net income of $31.6 million for the fourth quarter, a sharp drop from $93.2 million in the prior-year period.
The cataloger and retailer reported net sales of $638 million for the quarter ended Feb. 3, an increase over net sales of $486.2 million last year.
The Hingham, MA company reported catalog and Internet sales of $114 million for the quarter
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