" said one retail insider
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According to the New York Post, some insiders said the withdrawal by Sycamore was likely a hardball tactic by co-founder Stefan Kaluzny. "The board probably needs a wake-up call," said one retail insider, adding that Talbots directors have "had a hard time getting their head around the idea that the stock isn't going to go back to $10 by itself," reported Fox News.
Talbots Inc. reported first quarter adjusted income from continuing of $0.09 per share Friday morning, compared to $0.08 per share last year. The consensus estimate was for a loss of $0.02,cheap samsung tv. Shares of the ailing retailer slipped to $1.05, or 41%, to close at $1.51 - their biggest intra-day loss in the past 12 months- after the news from Sycamore arose.
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Giorgio Armani may not have been shortlisted in the top ten most successful luxury brands, however the company's sales rose an impressive 45% last year and seemed untouched by the global recession. Operating profit for the year ending Dec. 31st rose 23.2 percent to EUR 281.8m compared with EUR 228.6m the previous year. Sales grew 13.6 percent to EUR 1.8bn in 2010,many people are seeing used cars. The company, which is privately held by Mr Armani and family, did not disclose net profit.