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Report: Talbots in talks with Sycamore
New York City -- The Talbots is in buyout talks with the private-equity firm Sycamore Partners, according to the Boston Herald. The retailer signed a confidentiality agreement on Friday with the New York-based Sycamore, its second largest shareholder with 10% of the company, according to documents filed with the U.S. Securities and Exchange Commission, the report said.
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Hibbett Sports CFO to retire
Birmingham, Ala. -- Hibbett Sports announced that Gary A. Smith, senior VP and CFO is retiring effective June 1, 2012. The company has started a search for his replacement.
Smith joined Hibbett in April 2001 as VP and CFO when the company had 282 stores in 19 states, predominantly in the Southeast. Today, Hibbett has over 800 stores in 26 states.