ins and outs

Talbots Fires Its Creative Chief, Posts Massive Losses

You'll be seeing less of these.
You’ll be seeing less of these.

Talbots Inc. has fired its chief creative officer, Michael Smaldone, in the wake of second-quarter losses of $37.3 million, or 9.9 percent. It’s also closing 110 of its 556 stores by the end of next year. CEO Trudy Sullivan says that she’ll assume Smaldone’s duties until a new creative leader is named. [WWD]

Talbots Fires Its Creative Chief, Posts Massive Losses