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Sycamore completes acquisition of Talbots; appoints former Vitamin Shoppe executive as CEO
Hingham, Mass. -- Private equity firm Sycamore Partners, which has wrapped up its $391 million acquisition of The Talbots, appointed Michael Archbold, formerly president and COO of Vitamin Shoppe, as CEO and CFO of Talbots. Archbold, who also served as executive VP and CFO of Saks Fifth Avenue, replaces Trudy Sullivan, who resigned from the CEO’s job after Sycamore completed its acquisition of Talbots late last week.
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Body Central Corp. profit dips in Q2
Jacksonville, Fla. -- Body Central Corp., which operates 258 stores under the Body Shop and Body Central banners, reported Thursday that net income for the second quarter dropped to $3.4 million, from $5.3 million in the year-ago period.
Revenues climbed 6.3% to $79.4 million, and same-store sales decreased 7.6%.
The company opened 15 new stores and closed one during the second quarter.