Jim Tierney

Lillian Vernon Closing In On a Sale

| Jim Tierney

Less than one month after filing for Chapter 11 bankruptcy protection, gifts and housewares cataloger Lillian Vernon has reached a tentative agreement to sell the 57-year-old company, according to documents filed last week in U.S. Bankruptcy Court in Wilmington, DE.

Talbots to Shutter 20 Stores

| Jim Tierney

Two months after announcing it would drop its Kids and Mens lines, Hingham, MA-based merchant The Talbots said March 12 it plans to close 20 under-performing stores