Actually, I believe Talbots had a bit of financial trouble recently.

No surprise there as they abandoned their base who consisted of middle aged and older women. I used to work in Manhattan and popped into the Talbots on Madison Avenue to check out their amazing sales. Most of the women were my age. I never recall seeing anyone in the 20-30 age bracket. Most were "silver haired" ladies.
Talbot's clothes were well made and classic but that changed awhile back. They got cheap looking and catered to a much younger crowd.
They got what they deserved when they abandoned their faithful followers (us silver haired women).