Talbots 3Q catalog sales down, total sales up
Third-quarter net income at Hingham, MA-based apparel cataloger/retailer The Talbots (NYSE: TLB) increased 2%, to $37.4 million for the three months ended Nov. 2. Sales increased 2%, to $401.8 million from $393.9 million last year. Catalog sales decreased 9%, to $62.1 million from $68.2 million last year. Retail store sales increased 4%, to $339.7 million, but comparable store sales decreased 3%.
Circ cuts cut Brookstone’s 3Q loss Nashua, NH-based cataloger/retailer Brookstone (Nasdaq: BKST ), which mails the Brookstone, Hard-to-Find Tools, and Gardeners Eden tools and gifts titles, posted a net loss of $6.7 million for the three months ended Nov. 2. That’s an improvement upon the $9.0 million net loss for the third quarter of last year. A 24% reduction in catalog circulation accounted for much of the narrowed loss. It also led to a 7% drop in catalog and Internet sales, to $12.5 million for the quarter. Total third-quarter sales increased 7%, to $62.8 million from $58.5 million last year. Same store sales increased 7%.